ZIP Code 01503

Households in ZIP code 01503 earn a median of $121,336, with per-capita income at $62,159 — placing the area well into affluent territory near Worcester. Home values run high as well, with a median of $616,600. At the county's 1.28% effective property tax rate, that translates into a substantial annual bill, though the income base here can absorb it. Sales tax comes in at 6.25%. Between steep property values and a rate that compounds them, owners in this ZIP carry a heavier tax load than most Massachusetts communities, offset by earning power that ranks among the state's stronger brackets.