Zip 01037 (Hardwick, MA) Economy


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Hardwick, MA (01137) is a rural town in Worcester County with stunning views of the Quabbin Reservoir and rolling hills. It's two bedroom rental is just $1,300 making it more affordable than the US average of $1,430. The Grocery Cost Index for Hardwick is 107 versus 100 in the US meaning items may not be quite as affordable as other areas but still reasonably priced.
The local economy centers around agricultural businesses such as Crocker Family Farm and Farley Family Farm and Sawmill along with local wineries like Cold Hollow Cider Mill. There are also great educational options with Hardwick Elementary School and Quabbin Regional High School offering a strong curriculum and supportive environment for students.
Overall, Hardwick is a beautiful community with tremendous natural resources to explore and an economy that supports small business owners while providing educational opportunities for families looking to settle down in the area.

Hardwick (zip 01037) has an unemployment rate of 6.7%. The US average is 6.0%.

Hardwick (zip 01037) has seen the job market increase by 4.0% over the last year. Future job growth over the next ten years is predicted to be 38.5%, which is higher than the US average of 33.5%.

Tax Rates for Hardwick (zip 01037)
- The Sales Tax Rate for Hardwick (zip 01037) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Hardwick (zip 01037) 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 Hardwick (zip 01037)
- The average income of a Hardwick (zip 01037) resident is $39,342 a year. The US average is $28,555 a year.
- The Median household income of a Hardwick (zip 01037) resident is $85,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHardwick, MassachusettsUnited States
  6.76
  -8.6%-6.2%
  38.5%33.5%
  6.3%6.2%
  5.1%4.6%
  $41,322$37,638
  $85,250$69,021
  $110,074$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  2.4%6.8%
  0.0%10.0%
  5.6%2.5%
  14.1%11.0%
  2.4%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  10.5%7.6%
  0.0%0.1%
  2.4%4.2%
  37.1%9.3%
  15.7%14.0%
  0.4%2.1%
  0.0%7.0%
  0.8%4.8%
  8.5%4.7%
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