The median home cost in Worcester is $294,800, with home appreciation in the last year up almost 12%. Its annual per capita income hit $35,384 in 2004. Education and mobility are two benefits that newcomers to the city enjoy. With a collection of fine educational and cultural facilities as well as the MBTA commuter rail system running the landscape, Worcester students and professionals thrive in this modern city.
Initially a manufacturing and textile-based economy, Worcester has developed a focus on biotechnology, research, education and financial services. Top employers include:
- Saint-Gobain
- Abbott Laboratories
- Hanover Insurance
- Unum Provident
- Morgan Construction
Biotechnology will play an important role in the future of Worcester, as the Massachusetts Biotechnology Research Park and the University of Massachusetts Medical School provide a training ground for professionals in this field.
Sources:
- City of Worcester
- Best Places, Worcester, MA
- U.S. Census Bureau, Worcester, Massachusetts
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