Norwell, MA is a small but thriving community located in the suburbs of Boston. It is known for its charming atmosphere, excellent schools, and abundance of local businesses. The two bedroom rent in Norwell is quite high compared to national rates at $2,240 versus $1,430 respectively. The grocery cost index is also higher than national average at 113 versus 100. Norwell has many local companies to offer such as South Shore Technology Group providing IT services, Hydrotech Irrigation offering efficient lawn care solutions, and New England Garden Design creating beautiful outdoor spaces. Local amenities include the Norwell Historical Society Museum showcasing the town's history and culture plus the Norwell Public Library serving residents with resources and programs. In all, Norwell offers a great quality of life that keeps its residents coming back for more.
Norwell has an unemployment rate of 4.9%. The US average is 6.0%.
Norwell has seen the job market increase by 4.3% over the last year. Future job growth over the next ten years is predicted to be 41.9%, which is higher than the US average of 33.5%.
Tax Rates for Norwell
- The Sales Tax Rate for Norwell is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Norwell is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Norwell
- The average income of a Norwell resident is $49,968 a year. The US average is $28,555 a year.
- The Median household income of a Norwell resident is $172,022 a year. The US average is $69,021 a year.