Zip 02071 (South Walpole, MA) Economy


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Located in Norfolk County, 02071 South Walpole is a suburban town with a population of 8,908. It borders the towns of Norwood, Foxborough, Sharon and Medfield. The cost of living in 02071 South Walpole is slightly above average compared to the rest of the US. The average two-bedroom monthly rent is $2,220 versus $1,430 nationwide while the grocery cost index is 110 as opposed to 100 in the US. \nThe town offers many attractions for residents and visitors alike. Local businesses include Whole Foods Market which offers organic goods to customers while Valvoline Instant Oil Change provides vehicle maintenance services. Other landmarks include Sandy Beach Park where visitors can enjoy outdoor activities like fishing and canoeing. The well known Walpole Country Club established in 1925 also attracts golfers from all over New England.

South Walpole (zip 02071) has an unemployment rate of 5.8%. The US average is 6.0%.

South Walpole (zip 02071) 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 South Walpole (zip 02071)
- The Sales Tax Rate for South Walpole (zip 02071) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for South Walpole (zip 02071) 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 South Walpole (zip 02071)
- The average income of a South Walpole (zip 02071) resident is $30,197 a year. The US average is $28,555 a year.
- The Median household income of a South Walpole (zip 02071) resident is $183,894 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySouth Walpole, MassachusettsUnited States
  5.86
  -9.1%-6.2%
  40.8%33.5%
  6.3%6.2%
  5.1%4.6%
  $62,198$37,638
  $183,894$69,021
  $183,663$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  13.9%6.8%
  2.1%10.0%
  3.2%2.5%
  0.0%11.0%
  0.0%4.8%
  0.0%0.8%
  2.0%1.9%
  20.0%4.7%
  5.2%1.9%
  2.9%7.6%
  0.0%0.1%
  2.6%4.2%
  25.3%9.3%
  10.7%14.0%
  0.0%2.1%
  6.2%7.0%
  3.1%4.8%
  2.9%4.7%
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