Economy in Norwood, Massachusetts
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Economy
| Unemployment Rate | 6.90% | 9.10% |
| Recent Job Growth | -0.15% | -0.12% |
| Future Job Growth | 32.80% | 31.25% |
| Sales Taxes | 5.00% | 6.80% |
| Income Taxes | 5.30% | 6.25% |
| Income per Cap. | $37,731 | $27,067 |
| Household Income | $76,119 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 6.40% | 12.10% |
| Income between 15K and 25K | 7.39% | 10.18% |
| Income between 25K and 35K | 6.31% | 10.56% |
| Income between 35K and 50K | 11.06% | 14.98% |
| Income between 50K and 75K | 18.14% | 19.53% |
| Income between 75K and 100K | 17.97% | 12.52% |
| Income between 100K and 150K | 19.03% | 12.14% |
| Income between 150K and 250K | 8.78% | 3.91% |
| Income between 250K and 500K | 4.32% | 3.34% |
| Income greater than 500K | 0.60% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 17.27% | 13.81% |
| Professional and Related Occupations | 31.74% | 22.68% |
| Service | 11.00% | 14.51% |
| Sales and Office | 27.53% | 25.22% |
| Farming, Fishing, and Forestry | 0.01% | 0.68% |
| Construction, Extraction, and Maintenance | 6.85% | 9.37% |
| Production, Transportation, and Material Moving | 7.28% | 15.86% |
The unemployment rate in Norwood, MA, is 6.90%, with job growth of -0.15%. Future job growth over the next ten years is predicted to be 32.80%.
Norwood, MA Taxes
Norwood, MA,sales tax rate is 5.00%. Income tax is 5.30%.
Norwood, MA Income and Salaries
The income per capita is $37,731, which includes all adults and children. The median household income is $76,119.
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