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Community Characteristics

02478
Characteristics Distinctive College Community, Stable Population, Low Residential Turnover, Suburb of Boston
Closest Airport LAURENCE G (8 miles)
Closest 2 Year College BUNKER HILL COMMUNITY COLLEGE (6 miles)
Closest 4 Year College BENTLEY COLLEGE (2 miles)
Closest Major Sports Team BOSTON RED SOX (5 mile)

Population

02478 Massachusetts
Population 24,032 6,640,744
Population Density (people/mile) 5,155 629
Population Growth (since 2000) -1% 5%
Male 11,348 3,230,444
Female 12,684 3,410,300
Median Age 42.82 38.35

Age Distribution

0-9 10-19 20-29 30-39 40-49 50-59 60-69 70-79 80+
2672 2724 2126 3088 3892 3833 2632 1622 1440

Household

02478 Massachusetts
Number of Households 9,404 2,485,805
Average Household Size 2.52 2.57
Household: With Children 2,994 797,784
Household: With no Children 6,409 1,688,021
Household: Family 6,214 1,581,056
Household: Non-Family 3,190 904,749
Total Dwelling Units 9,969 2,756,545

Marital Status

Marital Status
Never Married - 29.4% 29.4%
Married - 55.6% 55.6%
Separated - 2.6% 2.6%
Widowed - 6.7% 6.7%
Divorced - 5.8% 5.8%

Housing

02478 Massachusetts
Median Home Price $608,000 $255,000
In Current Residence 5+ Years 51.69% 47.1%
Annual Residential Turnover 15.43% 14.05%
Median Years in Residence 5.52 4.67
Median Dwelling Age 68 44

Housing Type

Housing Type
Owner - 60.7% 60.7%
Renter - 33.6% 33.6%
Vacant - 5.7% 5.7%

Transportation

Travel to Work

Travel to Work
Public - 12% 12%
Drive/Carpool - 80% 80%
Walk/Bike/Other - 3% 3%
Work at home - 5% 5%

Income

02478 Massachusetts
Median Household Income $103,103 $62,695
Average Household Income $142,998 $88,458
Average Income Change (since 2000) 29% 24%
Per Capita Income $56,767 $34,268
Sales Tax Rate 6.25% N/A
Sales Tax Type PL N/A
Median Disposable Income $78,925 $51,960

Household Income by Dollar Range

under $10K $10-20K $20-30K $30-40K $40-50K $50-75K $75-125K $125-200K $200-500K $500K+
307 483 440 404 487 1149 2453 2146 1139 399

Median Income by Age

under 25 25-34 35-44 45-54 55-64 65-74 75+
60536 82392 108315 123417 121751 90520 68895

Employment

Employment by Industry
Agriculture, Forestry and Fishing 284
Mining 0
Construction 276
Manufacturing 156
Transportation and Communications 145
Wholesale Trade 73
Retail Trade 744
Finance, Insurance and Real Estate 349
Services 2733
Public Administration 969
Employees/Unclassified 49

Employment by Occupation
Handlers, Helpers, and Laborers 123
Transportation Material Moving Workers 112
Machine Operators, Assemblers, and Inspectors 82
Construction, Repair, and Mining: Field Based 154
Precision, Craft, and Repair: Site Based 324
Farming Forestry and Fishing 182
Other Services: Field Based 29
Other Services: Site Based 684
Protective Services 95
Private Household 1
Technical, Sales and Administrative 4
Administrative Support 1113
Sales Workers and Clerks 339
Technologies and Technicians 356
Sales Professionals 95
Professional Specialty Occupations 1318
Executive, Managers, Administrators 720

Net Worth

02478 Massachusetts
Average Household Net Worth $418,842 $268,317
Median Home Price $608,000 $255,000

Median Value of Assets (Dollars)
Any Non-Financial Assets 816596
Other Non-Financial Assets 34813
Business Equity 229259
Investment Property 103505
Home Equity 0
Vehicle Owned 22622
Any Financial Assets 173526
Other Financial Assets 20169
Other Managed Accounts 66756
Cash Value Life Insurance 14243
Retirement Accounts 100240
Mutual Funds 91920
Stocks 34766
Bonds (not US Savings) 123862
Savings Bonds 1994
Certificates of Deposit 25476
Transaction Account 16392

Median Value of Debts (Dollars)
Investment 247570
Credit Card 4732
Line of Credit 8206
Installment Loan 15107
Mortgage 290006

Cost of Living

02478 Massachusetts
Average Total Household Expenditure $91,200 $64,090
Household Expenditure Index (100=National Average) 163 115

Cost of Living Index (100=National Average)
Gifts 189
Utilities 147
Transportation 155
Tobacco 126
Reading 165
Personal Care 160
Miscellaneous Expenses 154
Household Operations 186
Shelter 166
Household Furnishings and Equipment 173
Health Care 148
Food and Beverages 154
Entertainment 166
Education 200
Apparel 166
Personal Insurance 189
Contribution 200

Climate

Average Temperature (fahrenheit)

January July
Low 22.1 65.5
High 36.5 82.2

Weather Index (100 = National Average)
Overall 102
Earthquake 74
Hail 103
Hurricane 127
Tornado 65
Wind 121