Everything You Need to Know About the City of Worcester Massachusetts
In 2017, Worcester, Massachusetts had a population of 185k people with a median age of 34.2 and a median household income of $45,869. Between 2016 and 2017 the population of Worcester, MA grew from 183,677 to 184,743, a 0.58% increase and its median household income grew from $45,599 to $45,869, a 0.592% increase.
The population of Worcester, MA is 57.1% White Alone, 20.9% Hispanic or Latino, and 11.8% Black or African American Alone. N/A% of the people in Worcester, MA communicate in a non-English language, and 88.8% are U.S. citizens.
The largest universities in Worcester, MA are Worcester Polytechnic Institute (1,969 degrees awarded in 2017), Worcester State University (1,552 degrees), and Quinsigamond Community College (1,340 degrees).
The median property value in Worcester, MA is $210,600, and the homeownership rate is 42.1%. Most people in Worcester, MA commute by Drove Alone, and the average commute time is 22.9 minutes. The average car ownership in Worcester, MA is 2 cars per household.
In 2017, universities in Worcester, MA awarded 8,539 degrees. The student population of Worcester, MA is skewed towards women, with 14,896 male students and 17,413 female students.
Most students graduating from Universities in Worcester, MA are White (5,352 and 70%), followed by Hispanic or Latino (743 and 9.72%), Unknown (570 and 7.46%), and Black or African American (424 and 5.55%).
The largest universities in Worcester, MA by the number of degrees awarded are Worcester Polytechnic Institute (1,969 and 23.1%), Worcester State University (1,552 and 18.2%), and Quinsigamond Community College (1,340 and 15.7%).
The most well-known majors in Worcester, MA are General Business Administration and Management (725 and 8.49%), General Psychology (460 and 5.39%), and Registered Nursing (293 and 3.43%).
The median tuition costs in Worcester, MA is $44,050 for private four-year colleges, and $970 and $7,050 respectively, for public four-year colleges for in-state students and out-of-state students.
The economy of Worcester, MA employs 86.2k people and Worcester has an unemployment rate of 4.0%. Worcester has seen the job market increase by 4.2% in the course of the most recent year. Future job development throughout the following ten years is anticipated to be 37.5%, which is higher than the US average of 33.5%. The biggest businesses in Worcester, MA are Health Care and Social Assistance (17,831 people), Retail Trade (10,094 people), and Educational Services (9,946 people), and the highest paying industries are Management of Companies & Enterprises ($72,708), Utilities ($64,148), and Public Administration ($57,106).
Households in Worcester, MA have a median annual income of $45,869, which is less than the median annual income of $61,937 across the entire United States. This is in comparison to a median income of $45,599 in 2016, which represents a 0.592% annual growth.
Tax Rates for Worcester
– The Sales Tax Rate for Worcester is 6.3%.
– The Income Tax Rate for Worcester is 5.1%.
– Tax Rates can have a big impact when Comparing the Cost of Living.
Income and Salaries for Worcester
– The average income of a Worcester resident is $24,447 a year.
– The Median household income of a Worcester resident is $46,105 a year.