Newton, MA (zip code 02459) is a suburb of Boston. The average 2 bedroom rental price in Newton is $3,490 compared to the national average 2 bedroom rental price of $1,430. Furthermore, the grocery cost index for Newton is 121 versus the US grocery cost index of 100. This means that groceries in Newton are 21% more expensive than the national average. There are plenty of local companies to explore in Newton such as First Commonwealth Corporation, an investment banking firm; High Output Management LLC, a management consulting company; and A Plus Technology & Security Solutions Inc., an IT security business.
Newton (zip 02459) has an unemployment rate of 4.1%. The US average is 6.0%.
Newton (zip 02459) 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 42.0%, which is higher than the US average of 33.5%.
Tax Rates for Newton (zip 02459)
- The Sales Tax Rate for Newton (zip 02459) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Newton (zip 02459) 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 Newton (zip 02459)
- The average income of a Newton (zip 02459) resident is $89,012 a year. The US average is $37,638 a year.
- The Median household income of a Newton (zip 02459) resident is $200,091 a year. The US average is $69,021 a year.