Newton, Massachusetts is a city in Middlesex County with a population of 85,146. The average 2 bedroom rent in Newton is $2,320, significantly higher than the US average of $1,430. The local grocery cost index is 116 versus 100 for the US. This indicates that there are more expensive prices for groceries in Newton than elsewhere. Companies in Newton include All Care Modular Medical Systems, TDX Power and New England Compounding Center which provide medical equipment and services to local customers. Eaton Vance Management provides asset management services and Lasell College offers higher education opportunities to local residents.
Newton (zip 02462) has an unemployment rate of 4.1%. The US average is 6.0%.
Newton (zip 02462) 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 02462)
- The Sales Tax Rate for Newton (zip 02462) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Newton (zip 02462) 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 02462)
- The average income of a Newton (zip 02462) resident is $74,895 a year. The US average is $28,555 a year.
- The Median household income of a Newton (zip 02462) resident is $91,944 a year. The US average is $69,021 a year.