ZIP Code 01516

Households in ZIP code 01516, near Worcester, report a median income of $153,172, with per-capita income at $59,010. A median home value of $467,000 pairs with a county property tax rate of 1.28%, which works out to roughly $5,978 a year in taxes on a home at that value. Sales tax adds 6.25% to most purchases. Together, the income level comfortably covers both the housing costs and the ongoing tax load, though the property tax bill alone is a significant yearly expense worth planning for.