Pros and Cons of Living In Needham, Massachusetts. Is Needham, MA a Nice Place To Live or Retire?

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Needham, Massachusetts

Moving to Needham In Massachusetts ? Is Needham, MA a Nice Place To Live? Pros and Cons of Living in Needham, Massachusetts. Find out the best and worst about to live, raise a family or retire in Needham.

Needham ( NEED-əm) is a town in Norfolk County, Massachusetts, United States. A suburb of Boston, its population was 32,091 in the 2020 U.S. Census. It is the home of Olin College.

DEMOGRAPHICS

Population
31177
Unemployment
4.4%
6% NAT AVG.
Poverty
2.4%
83% NAT AVG.
Cost Of Living
180
80% NAT AVG.

ECONOMICS

Median Home Cost
$900200
292% NAT AVG.
Median Income
$174707
159% NAT AVG.
Median Rent
$1604
38% NAT AVG.
Overall Score
7

CRIME REPORT

Total Crime
141
81% NAT. AVG.
67% STATE AVG.
Violent Crime
24
80% NAT. AVG.
75% STATE AVG.
Property Crime
117
81% NAT. AVG.
65% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 42
Unemployed People
1 in 23
People Earning < $10,000
1 in 56
People Earning < $50,000
15.1%
People With Any Degree
1 in 1.2

ETHNICITY

Ethnicity Needham USA
White 84.1% 60.1%
African American 2.8% 12.2%
American Indian 0.1% 0.6%
Asian 8.7% 5.6%
Hawaiian 0% 0.2%
Multiracial 1.8% 2.8%
Hispanic 2.6% 18.2%
Other 0% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Needham USA
Less than $10,000 1.8% 5.8%
$10,000 to $14,999 1.7% 4.1%
$15,000 to $24,999 2.3% 8.5%
$25,000 to $34,999 4.9% 8.6%
$35,000 to $49,999 4.4% 12.0%
$50,000 to $74,999 7.6% 17.2%
$75,000 to $99,999 7.7% 12.8%
$100,000 to $149,999 14.3% 15.6%
$150,000 to $199,999 11.2% 7.1%

EDUCATION

Education Needham USA
< 9th Grade 2% 5.0%
9-12th Grade 1% 7.0%
High School or GED 8% 27.0%
Other College 7% 20.0%
Associate's Degree 4% 9%
Bachelor's Degree 31% 20.0%
Master's Degree 30% 9.0%
Professional Degree 10% 2.0%
Doctorate Degree 7% 1.0%
Needham is a city in Massachusetts state in USA with a population of 31177 residents.. The poverty rate of Needham is 2.4%, which is 83% lower than national average. The typical household in Needham earns $174707 a year, compared to the national median of $67,500. Nearly 15.1% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Needham remained 4.4%, which is 6% lower than national rate.

Cost of living in Needham is 180, which is 80% higher than national average. In Needham, only 78% of adults have a bachelor's degree and 11% have some college but no degree. Median home value in Needham is $900200 , which is 292% higher than national average. While median income in Needham remained $174707, which is 159% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Needham Scorecard

Jobs85%

Housing95%

Affordability80%

Safety90%

Amenities90%

Diversity70%

Education95%

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