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Community Characteristics

01062
Characteristics Low Residential Turnover
Closest Airport WESTOVER A (12 miles)
Closest 2 Year College HOLYOKE COMMUNITY COLLEGE (10 miles)
Closest 4 Year College SMITH COLLEGE (3 miles)
Closest Major Sports Team NEW BRITAIN ROCK CATS (AA) (47 mile)

Population

01062 Massachusetts
Population 11,920 6,640,744
Population Density (people/mile) 644 629
Population Growth (since 2000) 2% 5%
Male 5,784 3,230,444
Female 6,136 3,410,300
Median Age 46.32 38.35

Age Distribution

0-9 10-19 20-29 30-39 40-49 50-59 60-69 70-79 80+
1062 1187 1366 992 1932 2203 1570 791 816

Household

01062 Massachusetts
Number of Households 4,705 2,485,805
Average Household Size 2.32 2.57
Household: With Children 1,345 797,784
Household: With no Children 3,360 1,688,021
Household: Family 2,865 1,581,056
Household: Non-Family 1,839 904,749
Total Dwelling Units 4,973 2,756,545

Marital Status

Marital Status
Never Married - 30.3% 30.3%
Married - 46.3% 46.3%
Separated - 5.0% 5.0%
Widowed - 8.8% 8.8%
Divorced - 9.7% 9.7%

Housing

01062 Massachusetts
Median Home Price $234,000 $255,000
In Current Residence 5+ Years 45.08% 47.1%
Annual Residential Turnover 11.14% 14.05%
Median Years in Residence 4.18 4.67
Median Dwelling Age 41 44

Housing Type

Housing Type
Owner - 71.6% 71.6%
Renter - 23.0% 23.0%
Vacant - 5.4% 5.4%

Transportation

Travel to Work

Travel to Work
Public - 1% 1%
Drive/Carpool - 92% 92%
Walk/Bike/Other - 3% 3%
Work at home - 4% 4%

Income

01062 Massachusetts
Median Household Income $60,502 $62,695
Average Household Income $85,647 $88,458
Average Income Change (since 2000) 29% 24%
Per Capita Income $39,286 $34,268
Sales Tax Rate 6.25% N/A
Sales Tax Type PL N/A
Median Disposable Income $50,099 $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+
271 417 331 459 456 875 1212 424 140 122

Median Income by Age

under 25 25-34 35-44 45-54 55-64 65-74 75+
30278 48333 64677 80616 73668 47377 33906

Employment

Employment by Industry
Agriculture, Forestry and Fishing 43
Mining 0
Construction 238
Manufacturing 340
Transportation and Communications 277
Wholesale Trade 77
Retail Trade 401
Finance, Insurance and Real Estate 265
Services 3262
Public Administration 166
Employees/Unclassified 7

Employment by Occupation
Handlers, Helpers, and Laborers 120
Transportation Material Moving Workers 116
Machine Operators, Assemblers, and Inspectors 120
Construction, Repair, and Mining: Field Based 176
Precision, Craft, and Repair: Site Based 379
Farming Forestry and Fishing 110
Other Services: Field Based 40
Other Services: Site Based 730
Protective Services 86
Private Household 0
Technical, Sales and Administrative 11
Administrative Support 881
Sales Workers and Clerks 177
Technologies and Technicians 321
Sales Professionals 60
Professional Specialty Occupations 1197
Executive, Managers, Administrators 543

Net Worth

01062 Massachusetts
Average Household Net Worth $274,223 $268,317
Median Home Price $234,000 $255,000

Median Value of Assets (Dollars)
Any Non-Financial Assets 470018
Other Non-Financial Assets 22982
Business Equity 147166
Investment Property 83594
Home Equity 0
Vehicle Owned 18973
Any Financial Assets 104666
Other Financial Assets 12935
Other Managed Accounts 63649
Cash Value Life Insurance 10276
Retirement Accounts 70069
Mutual Funds 66369
Stocks 22911
Bonds (not US Savings) 85179
Savings Bonds 1674
Certificates of Deposit 21102
Transaction Account 10298

Median Value of Debts (Dollars)
Investment 128887
Credit Card 3854
Line of Credit 5598
Installment Loan 13892
Mortgage 143197

Cost of Living

01062 Massachusetts
Average Total Household Expenditure $63,367 $64,090
Household Expenditure Index (100=National Average) 113 115

Cost of Living Index (100=National Average)
Gifts 115
Utilities 112
Transportation 114
Tobacco 111
Reading 114
Personal Care 113
Miscellaneous Expenses 114
Household Operations 114
Shelter 113
Household Furnishings and Equipment 115
Health Care 113
Food and Beverages 113
Entertainment 113
Education 114
Apparel 112
Personal Insurance 114
Contribution 114

Climate

Average Temperature (fahrenheit)

January July
Low 11.2 59.1
High 33.4 83.2

Weather Index (100 = National Average)
Overall 101
Earthquake 54
Hail 105
Hurricane 109
Tornado 83
Wind 156