Newbury, MA 01951 is an affluent community located about 35 miles north of Boston. With a population of just over 6,400 people, the town offers a quiet and peaceful atmosphere. The average rent for a two-bedroom apartment in Newbury is much higher than the national average at $2,260. Additionally, the grocery cost index in Newbury is 112 compared to 100 in the US.
The town is home to several businesses and organizations such as Summit Partners, Oracle Consulting Group, Monahan Filomeno & Company, and Deerfield Academy. These companies offer employment opportunities for local residents while also helping contribute to the economy of Newbury. There are also many locally owned businesses in town including restaurants, cafes, shops, and other services that make up a vibrant community.
Newbury (zip 01951) has an unemployment rate of 7.4%. The US average is 6.0%.
Newbury (zip 01951) 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 38.7%, which is higher than the US average of 33.5%.
Tax Rates for Newbury (zip 01951)
- The Sales Tax Rate for Newbury (zip 01951) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Newbury (zip 01951) 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 Newbury (zip 01951)
- The average income of a Newbury (zip 01951) resident is $47,447 a year. The US average is $28,555 a year.
- The Median household income of a Newbury (zip 01951) resident is $122,344 a year. The US average is $69,021 a year.