Salary & Cost of Living in New Bedford, MA
New Bedford, MA: $48,000 median salary, cost of living index 95, $15.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$48,000
$23/hr
Cost of Living
95
US avg = 100
Minimum Wage
$15.00
per hour
Unemployment
4.5%
rate
New Bedford, MA Overview
Population
101,079
Median Salary
$48,000
Average Salary
$53,000
Avg Commute
24 min
Median Home Price
$275,000
Median Rent
$1,150/mo
Job Growth
+0.8%
Sales Tax
6.25%
New Bedford is located in Massachusetts with a population of 101,079. The median household salary is $48,000 per year ($23/hour), which is $11,384 below the national median of $59,384. The average commute time is 24 minutes, and the city has a job growth rate of +0.8%.
New Bedford Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in New Bedford, MA, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$38,207
$3,183.88/month · $1,469.48/biweekly · Effective Rate: 20.4%
Gross Pay
$48,000
Federal Tax
-$3,722
State Tax
-$2,400
Local Tax
$0
FICA
-$3,672
Net Pay
$38,207
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,000.00 | $48,000.00 |
| Federal Income Tax | -$310.13 | -$3,721.50 |
| Massachusetts State Tax (5%) | -$200.00 | -$2,400.00 |
| Social Security (6.2%) | -$248.00 | -$2,976.00 |
| Medicare (1.45%) | -$58.00 | -$696.00 |
| Net Take-Home Pay | $3,183.88 | $38,206.50 |
Salary Comparison: New Bedford vs Other Cities
See how New Bedford's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| New Bedford, MA | $48,000 | 95 | $50,526 |
| National Average | $59,384 | 100 | $59,384 |
| Decatur, AL | $48,000 | 84 | $57,143 |
| Springdale, AR | $48,000 | 86 | $55,814 |
| Pomona, CA | $48,000 | 115 | $41,739 |
| Pueblo, CO | $48,000 | 88 | $54,545 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in New Bedford
New Bedford's cost of living index is 95 (national average = 100). Living in New Bedford is 5% less expensive than the national average.
Median Home Price
$275,000
Median Monthly Rent
$1,150
Annual Rent Cost
$13,800
Your Salary's Purchasing Power
Your $38,207 annual take-home pay in New Bedford has the purchasing power of approximately $40,217 in an average-cost US area. Your $48,000 salary stretches further here than in most US cities.
Top Industries in New Bedford
New Bedford's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $48,000.
Salary Tips for New Bedford Workers
- Research top industries. New Bedford's top industries include Healthcare, Fishing, Manufacturing. Targeting roles in these sectors can help you earn above the $48,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in New Bedford, MA?
The median salary in New Bedford, MA is $48,000 per year, or $23 per hour. The average salary is $53,000. This is $11,384 below the national median of $59,384.
What is the cost of living in New Bedford, MA?
New Bedford's cost of living index is 95 (national average = 100), meaning it is 5% less expensive compared to the national average. The median home price is $275,000 and the median monthly rent is $1,150.
What are the best industries in New Bedford?
The top industries in New Bedford, MA include Healthcare, Fishing, Manufacturing. The city has a job growth rate of 0.8% and an unemployment rate of 4.5%. Workers in these industries often earn above the city's median salary of $48,000.
How does New Bedford's salary compare to other cities?
New Bedford's median salary of $48,000 is 19.2% below the national median of $59,384. However, when adjusted for cost of living (index: 95), the real purchasing power is approximately $50,526.
What is the minimum wage in New Bedford, MA?
The minimum wage in New Bedford, MA is $15.00 per hour. This equals approximately $31,200 per year for a full-time worker (40 hours/week). This is $7.75 above the federal minimum wage of $7.25/hour.