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City Review

Boston City Review

Nov 2017

US$725

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About This Report

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

Boston Home to two of the world's leading universities (MIT and Harvard), cradle of the American Revolution and core of Massachusetts state, the Greater Boston area is a knowledge-based economy, with a population of 4.7 million in 2016. It boasts one of the highest proportions of people with a higher education in the world, and this has helped industries such as finance, professional services, healthcare and education to prosper.

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Overview

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BOSTON HIGHLIGHTS

Boston has a large pool of highly skilled employees. 51% of Boston's adult population (aged 15+) held a higher education degree in 2016, against 35% elsewhere in the country. Consequently, Boston enjoyed a 29% premium in labour productivity over other parts of the US. The highly productive business services category accounted for 24% of employment in Boston in 2016, versus 18% in the rest of US.

Higher labour productivity and higher labour force participation rate boost household disposable incomes

Reflecting the higher labour productivity in the city and higher labour force participation rate (82% of the 15-64 year age segment, versus 74% in the rest of the US in 2016), households in Boston had on average 40% higher annual disposable incomes than in other parts of the US.

Greater spending on education and healthcare

Compared to the rest of the US, an average household in Boston spent 30% more on consumer items (excluding housing and transport) in 2016. Proportionally, per household expenditure on education in Boston (3.0% of total expenditure in 2016) was higher than in other parts of the US, (2.3%) because the city is a major centre for higher education. Healthcare expenditure was also proportionally higher (23% of total expenditure in Boston, versus 22% elsewhere in the US). Boston was ranked as the seventh best place for medical care in the US in 2016.

Fairly affordable city to live in

In contrast, average household consumer expenditure on housing and transport in the city was only 18% greater than in the rest of the US in 2016, making Boston a rather affordable city, given the income advantage. In particular, Boston is not as car-reliant as some other metropolises in the country, which drives down transport expenditure.

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BOSTON REVIEW AT A GLANCE

Understanding Boston Review structure

Chart 1 Overview

Key facts on Boston

Summary 1 Key Facts On Boston 2011, 2016, 2021

BOSTON HIGHLIGHTS

History

Delimitation of the metropolitan region

Chart 2 Map Of Boston Metropolitan Area

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Chart 3 Industrial Composition Of Boston 2016
Chart 4 Labour Productivity: Selected Cities 2016

Recent developments and outlook

Chart 5 Dynamics Of Real GDP In Boston, USA And Other Cities In North America, 2011-2021
Summary 2 Labour Market Changes In Boston 2011, 2016

CONSUMER PROFILE

City demographics

Chart 6 Population By Age 2016
Chart 7 Drivers Of Population Growth In Boston 2011-2016

Household income

Chart 8 Household Distribution By Income In Boston 2016 And 2021

CONSUMER EXPENDITURE

Structure of household budget

Chart 9 Comparison Of Household Expenditure In Boston And USA, 2016
Summary 3 Boston Household Budget Structure By Consumer Expenditure Item, % of total, 2011, 2016, 2021

City lifestyle

Boston Welcomes Chinese Visitors
Cambridge Particularly Bike-Friendly

City affordability

Housing
Chart 10 Household Expenditure On Housing: Selected Cities 2016
Transport
Chart 11 Household Expenditure On Transport: Selected Cities 2016

DEFINITIONS

APPENDIX

Summary 4 GDP Development, 2011, 2016, 2021
Summary 5 GDP By Origin, Current Prices, US$, Million, 2011-2016
Summary 6 Population And Labour Force, 2011-2016
Summary 7 Employed Population By Economic Sector, % of total, 2011-2016
Summary 8 Population By Sex And Broad Age Groups, ‘000, 2011-2016
Summary 9 Population Growth, 2011-2016
Summary 10 Forecast Population Growth
Summary 11 Population By Educational Attainment, 2011-2016
Summary 12 Structure Of Consumer Expenditure By Main Category, 2011-2016
Summary 13 Consumer Expenditure By Main Category, Per Household, Constant (2016) Prices, US$, 2011, 2016, 2021
Summary 14 Households By Income Band, % Of Total, Constant (2016) Prices 2011, 2016, 2021
Summary 15 Households By Income Band, ‘000, Current Prices 2011-2016
Summary 16 Inflation, 2011-2016
Summary 17 Transport Indicators, 2011-2016
Summary 18 Air Pollution, Concentration In Micrograms Per Cubic Metre, 2011-2016
Summary 19 Possession of Consumer Durables, % of Households, 2011, 2016, 2021

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Boston City Review

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About This Report

New Report Guarantee

Overview

Why buy this report?

BOSTON HIGHLIGHTS

Higher labour productivity and higher labour force participation rate boost household disposable incomes

Greater spending on education and healthcare

Fairly affordable city to live in

Want to find out more about this report?

Table of Contents

BOSTON REVIEW AT A GLANCE

Understanding Boston Review structure

Key facts on Boston

BOSTON HIGHLIGHTS

History

Delimitation of the metropolitan region

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Recent developments and outlook

CONSUMER PROFILE

City demographics

Household income

CONSUMER EXPENDITURE

Structure of household budget

City lifestyle

City affordability

DEFINITIONS

APPENDIX

Why buy this report?

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Megatrends

City Review

Boston City Review

New Report Guarantee

About This Report

New Report Guarantee

Overview

Why buy this report?

BOSTON HIGHLIGHTS

Higher labour productivity and higher labour force participation rate boost household disposable incomes

Greater spending on education and healthcare

Fairly affordable city to live in

Want to find out more about this report?

Table of Contents

BOSTON REVIEW AT A GLANCE

Understanding Boston Review structure

Key facts on Boston

BOSTON HIGHLIGHTS

History

Delimitation of the metropolitan region

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Recent developments and outlook

CONSUMER PROFILE

City demographics

Household income

CONSUMER EXPENDITURE

Structure of household budget

City lifestyle

City affordability

DEFINITIONS

APPENDIX

Why buy this report?

Want to find out more about this report?

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Complete Catalogue

Cities Reports

Recently Viewed

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