02062 Norwood, MA is a small town located in the Greater Boston area. The average 2 bedroom rent cost is $2,630, which is significantly higher than the US average of $1,430. Grocery Cost Index in Norwood is 109 versus 100 in the US, however despite this high cost of living there are many great businesses that cater to residents of Norwood. Local companies such as Kronkosky True Value and Star Market offer quality products at competitive prices. For dining out, a few local favorites include O'Connor's Pub & Restaurant and Primavera Ristorante for delicious Italian cuisine. Whether shopping or dining out, 02062 Norwood has something for everyone!
Norwood (zip 02062) has an unemployment rate of 5.8%. The US average is 6.0%.
Norwood (zip 02062) 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 40.8%, which is higher than the US average of 33.5%.
Tax Rates for Norwood (zip 02062)
- The Sales Tax Rate for Norwood (zip 02062) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Norwood (zip 02062) 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 Norwood (zip 02062)
- The average income of a Norwood (zip 02062) resident is $40,197 a year. The US average is $28,555 a year.
- The Median household income of a Norwood (zip 02062) resident is $96,414 a year. The US average is $69,021 a year.