The 02062 ZIP Code is primarily associated with Norwood, MA in Norfolk County in the United States. The current population estimate is 29,306. Approximately 47.4% of residents in this Massachusetts region have a bachelor's degree or higher, and the per capita income is an estimated $45,102. Approximately 7% of the population is living below the poverty line. The median household income of this region is $90,133. The median age in ZIP Code 02062 is approximately 40.8 years, and 21.5% of the region's residents are aged 62 years and older.
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The median household income in ZIP Code 02062 is $90,133, while the region's mean household income is $108,643. Breaking income down further, per capita income in the region is $45,102. The per capita income in ZIP Code 02062 of $45,102 is approximately 3.06% more than the per capita income in Massachusetts overall of $43,761. An estimated 6.5% of the population is living below the poverty line in this region. This rate is approximately 31.58% lower than the overall poverty rate in the U.S. of 9.5%. Regarding household income, approximately 21.9% of the population in 02062 earn $100,000 to $149,999 per year, while an estimated 14.8% earn $75,000 to $99,999 per year, and 4.0% of 02062 residents earn $10,000 to $14,999 per year.
| Household Income | Percent |
|---|---|
| Less than $10,000 per year | 4.0% |
| $10,000 to $14,999 per year | 4.0% |
| $15,000 to $24,999 per year | 6.3% |
| $25,000 to $34,999 per year | 5.0% |
| $35,000 to $49,999 per year | 8.5% |
| $50,000 to $74,999 per year | 13.4% |
| $75,000 to $99,999 per year | 14.8% |
| $100,000 to $149,999 per year | 21.9% |
| $150,000 to $199,999 per year | 11.2% |
| $200,000 or more per year | 10.9% |
In ZIP Code 02062, 94.7% of the population graduated high school, while 47.4% have a bachelor's degree or higher. In this region, 1.9% achieved an education level less than 9th grade, while 17.0% hold a graduate or professional degree. Approximately 22.5% in this Norfolk County region reached the highest level of high school graduate (including equivalency).
| Education Level | Percent |
|---|---|
| Less than 9th grade | 1.9% |
| 9th to 12th grade, no diploma | 3.4% |
| High school graduate (includes equivalency) | 22.5% |
| Some college, no degree | 16.5% |
| Associate's degree | 8.3% |
| Bachelor's degree | 30.4% |
| Graduate or professional degree | 17.0% |
Looking at race in the population that makes up ZIP Code 02062, 98.3% is one race, while 1.7% are two or more races. Approximately 6.8% of 02062 residents are hispanic or Latino (of any race). The most common race in 02062 (race alone or in combination with one or more other races), is White (85.7%), followed by Black or African American (8.0%) .
| Industry | Percent |
|---|---|
| White | 85.7% |
| Black or African American | 8.0% |
| American Indian and Alaska Native | 0.6% |
| Asian | 5.8% |
| Native Hawaiian and Other Pacific Islander | 0.1% |
| Some other race | 1.5% |
In ZIP Code 02062, 79.0% of the population lists "English only" as the language spoken in home, while 4.7% of lists Spanish. Additionally, Asian and Pacific Islander languages are spoken in 11.4% of homes, and other Indo-European languages are spoken in 2.7% of homes. Lastly, 2.1% of homes list "other languages" as spoken in the home. All percentages referenced are for the population 5 years and older in this Norfolk County region.
| Language Spoken | Percent |
|---|---|
| English only | 79.0% |
| Spanish | 4.7% |
| Other Indo-European languages | 11.4% |
| Asian and Pacific Islander languages | 2.7% |
| Other languages | 2.1% |
The median home value in ZIP Code 02062 in September 2023 comes in at $672,419. The September 2023 value is approximately 6% higher than the $634,699 median value in April 2023, and 6% higher than the $635,239 median value in October 2022. Regarding the age of homes in ZIP Code 02062, an estimated 25.1% of homes were built in 1939 or earlier. Additionally, 20.8% of homes in the region were built between 1950 and 1959, while an estimated 0.7% of homes were built between 2010 and 2013 in this Norfolk County region.
| Month | Home value |
|---|---|
| Sep 2023 | $672,419 |
| Aug 2023 | $665,173 |
| Jul 2023 | $657,958 |
| Jun 2023 | $650,752 |
| May 2023 | $642,749 |
| Apr 2023 | $634,699 |
| Mar 2023 | $629,633 |
| Feb 2023 | $628,410 |
| Jan 2023 | $629,559 |
| Dec 2022 | $630,893 |
| Nov 2022 | $632,179 |
| Oct 2022 | $635,239 |
| Year Home Built | Percent |
|---|---|
| Built in 2014 or later | 1.3% |
| Built between 2010 and 2013 | 0.7% |
| Built between 2000 and 2009 | 4.7% |
| Built between 1990 and 1999 | 5.5% |
| Built between 1980 and 1989 | 8.2% |
| Built between 1970 and 1979 | 11.1% |
| Built between 1960 and 1969 | 16.9% |
| Built between 1950 and 1959 | 20.8% |
| Built between 1940 and 1949 | 5.8% |
| Built in 1939 or earlier | 25.1% |
Residents of ZIP Code 02062 are older than average. The median age of 40.8 years in ZIP Code 02062 is approximately 7.09% higher than the overall median age in the U.S. of 38.1 years. About 80.2% of residents are aged 18 years and older, and 21.5% of residents are 62 years and over. Approximately 15.3% of the population in 02062 falls in the age group 25 to 34 years, while an estimated 13.5% are aged 35 to 44 years. On the low end of the scale, 3.7% of 02062 residents are aged 85 years and over.
| Age Range | Percent |
|---|---|
| Under 5 years | 4.7% |
| 5 to 9 years | 6.0% |
| 10 to 14 years | 5.4% |
| 15 to 19 years | 5.3% |
| 20 to 24 years | 4.9% |
| 25 to 34 years | 15.3% |
| 35 to 44 years | 13.5% |
| 45 to 54 years | 13.4% |
| 55 to 59 years | 6.8% |
| 60 to 64 years | 6.7% |
| 65 to 74 years | 8.2% |
| 75 to 84 years | 6.1% |
| 85 years and over | 3.7% |
Regarding solar power potential, ZIP Code 02062 has an average daily solar radiation level of 4.88 kWh/m2/day. This is approximately 18.45% greater than an area in the U.S. with historically low solar radiation levels (WA), and about 25.95% less than an area in the U.S. with historically high solar radiation levels (AZ).
| Region | Residential | Commercial | Industrial |
|---|---|---|---|
| ZIP Code 02062 | 13.93¢/kWh | 17.36¢/kWh | 13.44¢/kWh |
| Massachusetts | |||
| United States |
| Month | ZIP Code 02062 | Low (WA) | High (AZ) |
|---|---|---|---|
| Jan | 3.93 | 1.9 | 5.84 |
| Feb | 4.56 | 3 | 6.31 |
| Mar | 5.08 | 3.65 | 7.02 |
| Apr | 5.21 | 5.13 | 7.3 |
| May | 5.38 | 5.17 | 7.13 |
| Jun | 5.58 | 5.72 | 6.95 |
| Jul | 5.78 | 6.22 | 6.51 |
| Aug | 5.72 | 6.08 | 6.65 |
| Sep | 5.49 | 5.15 | 7.02 |
| Oct | 4.62 | 3.32 | 6.92 |
| Nov | 3.88 | 2.33 | 5.99 |
| Dec | 3.36 | 1.78 | 5.46 |
In 02062, 71.7% of the population is in the labor force. Recent estimates place 3.7% as working from home, while the total labor force in the region has a mean travel to time to work of 32.8 minutes. Approximately 27.0% of the employed population 16 years and over in 02062 work in educational services, and health care and social assistance, while an estimated 15.9% work in professional, scientific, management, and administrative. On the lower end of the scale, just 0.3% of 02062 workers 16 years and over work in agriculture, forestry, fishing and hunting, and mining.
| Industry | Percent |
|---|---|
| Agriculture, forestry, fishing and hunting, and mining | 0.3% |
| Construction | 6.1% |
| Manufacturing | 6.6% |
| Wholesale trade | 1.9% |
| Retail trade | 12.1% |
| Transportation and warehousing, and utilities | 3.3% |
| Information | 2.5% |
| Finance and insurance, and real estate and rental and leasing | 8.4% |
| Professional, scientific, management, and administrative | 15.9% |
| Educational services, and health care and social assistance | 27.0% |
| Arts, entertainment, and recreation, and accommodation and food services | 8.8% |
| Other services, except public administration | 3.8% |
| Public administration | 3.3% |
Regarding consumer complaints about financial products in ZIP Code 02062, credit reporting or credit repair services have received the most complaints in 02062 in the past 12 months. Debt collection received the second most complaints. The most frequent complaint overall in this Norfolk County region was problem with a credit reporting company's investigation.
| Complaint Product | Number of Complaints* |
|---|---|
| Credit reporting or credit repair services | 13 |
| Debt collection | 7 |
| Checking or savings account | 4 |
| Student loan | 4 |
| Credit card or prepaid card | 3 |
| Other | 2 |
| Complaint Issue | Number of Complaints* |
|---|---|
| Problem with a credit reporting company's investigation | 11 |
| Attempts to collect debt not owed | 5 |
| Improper use of your report | 2 |
| Managing an account | 2 |
| Struggling to repay your loan | 2 |
| Other | 11 |