Newton, MA 02461 has an average two-bedroom rent price of $3,860, slightly higher than the average US two-bedroom rent price of $1,430. This can be attributed to the local Grocery Cost Index in Newton being 118 compared to 100 nationally. Newton is a great place to live for those looking to make the most out of their money while having access to amazing businesses and opportunities. The city is home to many large companies such as Wellesley Bank, Middlesex Savings Bank, and Massachusetts Institute of Technology (MIT). Additionally, Newton has ample smaller companies such as Unitex Textile Rental Services and Boston Sports Clubs. No matter what kind of business you are looking for, Newton is sure to have it.
Newton (zip 02461) has an unemployment rate of 4.1%. The US average is 6.0%.
Newton (zip 02461) has seen the job market increase by 4.3% 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 02461)
- The Sales Tax Rate for Newton (zip 02461) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Newton (zip 02461) 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 02461)
- The average income of a Newton (zip 02461) resident is $65,569 a year. The US average is $28,555 a year.
- The Median household income of a Newton (zip 02461) resident is $181,220 a year. The US average is $69,021 a year.