Wakefield, Massachusetts (01880) is a scenic and upscale community located just north of Boston. It offers a peaceful living experience with plenty of amenities. The average two-bedroom rent in Wakefield is $2,220 which is significantly higher than the national average of $1,430. Grocery expenses in Wakefield are also higher with an index of 111 compared to the US index of 100. If you’re looking for upscale shopping or entertainment, there are plenty of local businesses that cater to the community’s higher price points such as The Market Place at Wakefield Commons where you can find designer brands like Ralph Lauren and Coach. There’s also the Cinemagic theater which offers first run movies at premium prices. Whether you’re looking to buy or rent in Wakefield, it's sure to be an enjoyable experience.
Wakefield (zip 01880) has an unemployment rate of 5.2%. The US average is 6.0%.
Wakefield (zip 01880) has seen the job market increase by 4.1% over the last year. Future job growth over the next ten years is predicted to be 41.3%, which is higher than the US average of 33.5%.
Tax Rates for Wakefield (zip 01880)
- The Sales Tax Rate for Wakefield (zip 01880) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Wakefield (zip 01880) 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 Wakefield (zip 01880)
- The average income of a Wakefield (zip 01880) resident is $40,414 a year. The US average is $28,555 a year.
- The Median household income of a Wakefield (zip 01880) resident is $110,878 a year. The US average is $69,021 a year.