Zip 01531 (New Braintree, MA) Economy


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United States / Massachusetts / Worcester Metro Area / Worcester County / No City / New Braintree (zip 01531)
01531 New Braintree, MA is a prime destination for individuals and families looking for an affordable yet comfortable lifestyle. The 2 bedroom rent in this area is only $1,340, which is significantly cheaper than the national average of $1,430. Additionally, the Grocery Cost Index here is 106 versus 100 in the US - making it an ideal place to live for those who want to save money on living costs.
New Braintree also offers a variety of local businesses and amenities that make living here convenient and enjoyable. For example, there are several grocery stores like Country Farm Store and Olde Towne Market that provide fresh produce and other items at competitive prices. There are also plenty of restaurants in the area such as Bistro 1379, La Cucina di Mimi's, and Steam Mill Cafe that offer delicious food with great ambiance. Furthermore, residents can enjoy outdoor activities like hiking or biking in nearby trails or parks such as Hatchville Park or Walker Pond Conservation Area.

New Braintree (zip 01531) has an unemployment rate of 6.7%. The US average is 6.0%.

New Braintree (zip 01531) 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 New Braintree (zip 01531)
- The Sales Tax Rate for New Braintree (zip 01531) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for New Braintree (zip 01531) 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 New Braintree (zip 01531)
- The average income of a New Braintree (zip 01531) resident is $34,143 a year. The US average is $28,555 a year.
- The Median household income of a New Braintree (zip 01531) resident is $86,667 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNew Braintree, MassachusettsUnited States
  6.76
  -8.6%-6.2%
  38.5%33.5%
  6.3%6.2%
  5.1%4.6%
  $42,015$37,638
  $86,667$69,021
  $98,750$85,028
  Population by Occupation
  4.1%1.2%
  0.9%0.5%
  7.8%6.8%
  16.3%10.0%
  1.1%2.5%
  5.4%11.0%
  8.3%4.8%
  1.1%0.8%
  0.4%1.9%
  5.6%4.7%
  2.0%1.9%
  7.2%7.6%
  0.0%0.1%
  1.5%4.2%
  10.9%9.3%
  10.2%14.0%
  3.0%2.1%
  7.2%7.0%
  2.4%4.8%
  4.6%4.7%
Health