02462 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 02462 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateMassachusetts
CityNewton Lower Falls
Time ZoneAmerica/New_York
Geo Location42.32991, -71.25616
Population1381
Size1.367 square miles
Median Family Income$223333.00
Median Home Value$1008200.00

Population & Demographics

The following information lists the population statistics and breakdown for the 02462 zip code. The total population is 1381, of which, 562 are male and 819 are female. With a total area of 1.367 square miles, the population density is 1015.8 people per square mile. The median age of the population is 50.4 years old. Below you’ll find additional information on the population and demographics of this zip code, including age distribution, race distribution, language spoken, and more.

YearPopulation
20111453
20121292
20131412
20141306
20151389
20161419
20171520
20181420
20191389
20201222
20211381

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 413%
Age 5-9402.9%
Age 10-14644.6%
Age 15-191188.5%
Age 20-241037.5
Age 25-29624.5%
Age 30-34805.8%
Age 35-39161.2%
Age 40-4461 4.4%
Age 45-49906.5%
Age 50-5417412.6%
Age 55-59493.5%
Age 60-64856.2%
Age 65-691249%
Age 70-74946.8%
Age 75-79896.4%
Age 80-84402.9%
Age 85 and over513.7%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 20.4 %
  • Speaks Spanish: 3.9 %
  • Speaks Other Indo-European Language: 3.4 %
  • Speaks Pacific Island Languages: 13.1 %
  • Speak Other Languages: 0 %
Marital Status: 
  • Currently Married: 48.1 %
  • Divorced: 7.7 %
  • Separated (not divorced): 0.7 %
  • Never Married: 39.3 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 02462 zip code is $223333. This is 53.81% greater than the national average. This income places 7.8% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $24224. Below you can find additional economic characteristics, including income bracket distribution, median income over time, retirement statistics, and more.

Annual Income Bracket ($)Number of Families in Bracket
Less than $10,000.009
$10,000.00 – $14,999.000
$15,000.00 – $24,999.000
$25,000.00 – $34,999.0036
$35,000.00 – $49,999.000
$50,000.00 – $74,999.0041
$75,000.00 – $99,999.000
$100,000.00 – $149,999.0036
$150,000.00 – $199,999,008
$200,000.00 +190

YearMedian Family Income ($ USD)
2011203088
2012215313
2013211779
2014235417
2015227000
2016218977
2017220357
2018212738
2019205500
2020161875
2021223333

Income Source# of Households
Wage or Salary392
Self Employment112
Social Security156
Dividends, Interest, or Rental215
Retirement80
Other45

Total Insured & Uninsured Individuals: 
  • Families Insure: 1255
  • Families Uninsured: 30
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 80
  • No retirement income: 452

Education

In the 02462 zip code, 95.8% of individuals over 25 years old have a high school degree or higher, and 66.5% have a bachelors degree or higher. Additionally, 29% of individuals 3 years and older are in private school, and 71% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 02462 zip, there are an estimated 703 people in the labor force, of which, 692 are employed, and 11 are unemployed. There are a total of 0 people in the armed forces. The average commute time for this zip code is 24.1 minutes. Of the total people that work, 145 worked from home and 675 commuted. The average number of hours worked is 36.9. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts424
Services102
Sales and Office138
Construction and Maintenance:0
Transportation and Material Moving28





Housing

The median home value for the 02462 zip code is 1008200. There is an estimated  532 number of occupied housing units, the median gross rent in is $1510 per month, and the average monthly housing costs are estimated to be $2500. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,0000
$50,000 – $99,0000
$100,000 – $149,9990
$150,000 – $199,9990
$200,000 – $299,9990
$300,000 – $499,9990
$500,000 – $999,999167
$1,000,000+174

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 201930
2000 – 200920
1980 – 199943
1960 – 1979107
1940 – 1959193
1939 or earlier139

The median number of rooms in all housing units is 6.3 rooms.
Monthly Rent ($ USD)Number of Units
Less than $50059
$500 – $9999
$1,000 – $1,49927
$1,500 – $1,99925
$2,000 – $2,49941
$2,499 – $2,99910
$3,000 + 20

Monthly Housing Costs ($)Number of Households
Less than 30039
300-49920
500-7990
800-99937
1000-149960
1500-199933
2000-249977
2500-299918
3000+248

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%167
20%-24.9%21
25%-29.9%6
30%-34.9%10
35+%76



# of VehiclesHouseholds
None54
1165
2242
3+71
Home Heating Characteristics: 
  • Utility Gas: 55.3 %
  • Bottle Tank or LP Gas: 1.3 %
  • Electricity: 15.6 %
  • Oil or Kerosene etc: 24.8 %
  • Coal or Coke: 0 %
  • All Other: 3 %

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All information sourced from official government sources including Census.gov, the IRS, and the Department of Education.