Newton, MA (02465) is an affluent suburban city just west of Boston. With a population of approximately 88,500 people, it offers many amenities and services for its residents. The average two bedroom rent in Newton is $3,020- about double the national average of $1,430. The grocery cost index in Newton is 117 versus 100 in the US. There are many local companies that make living in Newton very convenient and enjoyable for all who call the area home. For instance, Roche Brothers Supermarkets have several locations around town offering fresh produce and baked goods daily as well as online ordering with delivery options available. Another popular local business is Bittersweet Farms Pancake House which offers delicious breakfast fare with a cozy atmosphere year round.
Newton (zip 02465) has an unemployment rate of 4.1%. The US average is 6.0%.
Newton (zip 02465) 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 02465)
- The Sales Tax Rate for Newton (zip 02465) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Newton (zip 02465) 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 02465)
- The average income of a Newton (zip 02465) resident is $95,114 a year. The US average is $37,638 a year.
- The Median household income of a Newton (zip 02465) resident is $167,330 a year. The US average is $69,021 a year.