Zip 02494 (Needham, MA) Economy


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Needham, MA (02494) is a beautiful city located in Norfolk County. It has a variety of restaurants, shops, and services that make it an attractive destination for its residents. The 2 bedroom rent per month is $2,880 which is higher than the US average of $1,430. Grocery Cost Index in Needham is 116 versus 100 in the US making groceries more expensive than elsewhere.
Some local companies here include Needham Bank, where customers can open accounts for personal or business banking needs as well as access financial solutions like investments and insurance products; Needham Property Group specializes in residential real estate services such as buying and selling homes; and Breene Rayner Law Offices provides legal counsel on wide-ranging issues including family law and estate planning. Other local service providers include Needham Landscape Design for landscaping services, Needham Carpet Cleaning for carpet cleaning services, and Dental Care of Needham for dental care. These are just a few examples of businesses offering services in Needham, MA.

Needham (zip 02494) has an unemployment rate of 5.8%. The US average is 6.0%.

Needham (zip 02494) has seen the job market decrease by -9.1% over the last year. Future job growth over the next ten years is predicted to be 40.8%, which is higher than the US average of 33.5%.

Tax Rates for Needham (zip 02494)
- The Sales Tax Rate for Needham (zip 02494) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Needham (zip 02494) 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 Needham (zip 02494)
- The average income of a Needham (zip 02494) resident is $86,234 a year. The US average is $37,638 a year.
- The Median household income of a Needham (zip 02494) resident is $153,285 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNeedham, MassachusettsUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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