Zip 02043 (Hingham, MA) Economy


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Hingham, Massachusetts (02043) is a charming town located south of Boston with an estimated population of 25,500. It is known for its vibrant downtown area with local shops, restaurants, and historic sites. The 2 bedroom rent in Hingham is $2,750 compared to the national average of $1,430. Additionally, the grocery cost index is 116 versus 100 in the US. There are many popular attractions in Hingham such as World's End State Park which offers trails for hiking and biking, or Derby Street Shoppes with plenty of retail stores and eateries. For a unique experience you can visit Barefoot Books where you can grab coffee or tea while browsing through their collection of books from all around the world! Other notable companies are Hingham Lumber Company and South Shore Natural Science Center that offer educational events and exhibits throughout the year.

Hingham (zip 02043) has an unemployment rate of 7.1%. The US average is 6.0%.

Hingham (zip 02043) has seen the job market increase by 4.2% over the last year. Future job growth over the next ten years is predicted to be 40.2%, which is higher than the US average of 33.5%.

Tax Rates for Hingham (zip 02043)
- The Sales Tax Rate for Hingham (zip 02043) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Hingham (zip 02043) 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 Hingham (zip 02043)
- The average income of a Hingham (zip 02043) resident is $59,751 a year. The US average is $28,555 a year.
- The Median household income of a Hingham (zip 02043) resident is $154,300 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHingham, MassachusettsUnited States
  7.16
  -9.4%-6.2%
  40.2%33.5%
  6.3%6.2%
  5.1%4.6%
  $91,263$37,638
  $154,300$69,021
  $222,016$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  4.1%6.8%
  5.3%10.0%
  1.2%2.5%
  8.1%11.0%
  1.7%4.8%
  1.0%0.8%
  2.5%1.9%
  16.5%4.7%
  3.3%1.9%
  21.0%7.6%
  0.0%0.1%
  2.5%4.2%
  9.4%9.3%
  10.4%14.0%
  3.4%2.1%
  2.6%7.0%
  4.3%4.8%
  2.6%4.7%
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