01602 Zip Code Detailed Profile

Profiles Worcester, MA (01602) houses, apartments, residents, cars, jobs...

City: Worcester, MA
Worcester County, MA
Zip code population (2000): 23,141
Estimated population in 2005: 20,694

Age and Sex of Residents in zip code 01602

Zip code 01602 (Worcester, Massachusetts) real estate house value trends

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Houses and condos: 9,583
Renter-occupied apartments: 3,429

% of renters here:	37%
State:	38%

2008 cost of living index in zip code 01602: 113.5 (more than average, U.S. average is 100)

Land area: 6.8 sq. mi.
Water area: 0.2 sq. mi.

Population density: 3036 people per square mile

(average).

Real estate property taxes paid for housing units in 2000:

This zip code:	1.5% ($1,915)
Massachusetts:	1.3% ($2,336)

Median real estate property taxes paid for housing units with mortgages in 2005 in Worcester: $2,922 (1.1%)
Median real estate property taxes paid for housing units with no mortgage in 2005 in Worcester: $2,613 (1.1%)

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Males: 10,668	(46.1%)
Females: 12,473	(53.9%)

White population: 19,998
Black population: 1,066
American Indian population: 90
Asian population: 665
Native Hawaiian and Other Pacific Islander population: 2
Some other race population: 682
Two or more races population: 638

Recent posts about zip code 01602 area on our local forum with over 400,000 registered users:

	Safe and desirable areas around Worcester (17 replies)
	moving to worcester? (2 replies)
	Neighborhoods in Worcester, which do you like? (10 replies)

100% urban population.

Estimated median house/condo value in 2005: $285,344

01602	$285,344
Massachusetts:	$361,500

According to our research of public records there were 2 registered sex offenders living in 01602 zip code in early 2007.
The number of registered sex offenders compared to the number of residents in this zip code is a lot smaller than the state average.

Median resident age:	38.3 years
Massachusetts median age:	36.5 years

Average household size:

This zip code:	2.4 people
Massachusetts:	2.5 people

Averages for the 2004 tax year for zip code 01602, filed in 2005:

Average Adjusted Gross Income (AGI) in 2004: $47,704 (Individual Income Tax Returns)

Here: $47,704
State: $62,877

Salary/wage: $43,555 (reported on 84.0% of returns)

Here: $43,555
State: $52,969

(% of AGI for various income ranges: 154.9% for AGIs below $10k, 71.9% for AGIs $10k-25k, 80.8% for AGIs $25k-50k, 81.4% for AGIs $50k-75k, 81.1% for AGIs $75k-100k, 67.8% for AGIs over 100k)

Taxable interest for individuals: $1,467 (reported on 53.5% of returns)

This zip code: $1,467
Massachusetts: $1,945

(% of AGI for various income ranges: 10.5% for AGIs below $10k, 2.9% for AGIs $10k-25k, 1.6% for AGIs $25k-50k, 1.6% for AGIs $50k-75k, 0.9% for AGIs $75k-100k, 1.5% for AGIs over 100k)

Taxable dividends: $2,859 (reported on 25.7% of returns)

Here: $2,859
State: $5,323

(% of AGI for various income ranges: 9.8% for AGIs below $10k, 1.5% for AGIs $10k-25k, 1.2% for AGIs $25k-50k, 1.1% for AGIs $50k-75k, 1.4% for AGIs $75k-100k, 1.9% for AGIs over 100k)

Net capital gain/loss: +$9,782 (reported on 20.5% of returns)

Here: +$9,782
State: +$20,377

(% of AGI for various income ranges: -1.9% for AGIs below $10k, 0.8% for AGIs $10k-25k, 0.3% for AGIs $25k-50k, 0.6% for AGIs $50k-75k, 1.0% for AGIs $75k-100k, 11.4% for AGIs over 100k)

Profit/loss from business: +$14,443 (reported on 14.2% of returns)

Here: +$14,443
State: +$17,837

(% of AGI for various income ranges: 5.2% for AGIs below $10k, 6.1% for AGIs $10k-25k, 3.3% for AGIs $25k-50k, 2.8% for AGIs $50k-75k, 3.7% for AGIs $75k-100k, 5.7% for AGIs over 100k)

IRA payment deduction: $2,951 (reported on 2.5% of returns)

01602: $2,951
Massachusetts: $3,100

(% of AGI for various income ranges: 0.9% for AGIs below $10k, 0.2% for AGIs $10k-25k, 0.2% for AGIs $25k-50k, 0.1% for AGIs $50k-75k, 0.1% for AGIs $75k-100k, 0.1% for AGIs over 100k)

Self-employed pension: $11,370 (reported on 0.9% of returns)

Here: $11,370
Massachusetts: $14,516

(% of AGI for various income ranges: 0.1% for AGIs $25k-50k, 0.1% for AGIs $50k-75k, 0.2% for AGIs $75k-100k, 0.5% for AGIs over 100k)

Total itemized deductions: $17,869 (1% of AGI, reported on 41.3% of returns)

Here: $17,869
State: $22,573

(% of AGI for various income ranges: 15.9% for AGIs below $10k, 11.8% for AGIs $10k-25k, 15.3% for AGIs $25k-50k, 17.2% for AGIs $50k-75k, 17.2% for AGIs $75k-100k, 14.4% for AGIs over 100k)

Charity contributions deductions: $2,368 (2.9% of AGI, reported on 37.4% of returns)

Here: $2,368
Massachusetts: $3,295

Here: 2.9% of AGI
State: 2.7% of AGI

(% of AGI for various income ranges: 0.9% for AGIs below $10k, 1.2% for AGIs $10k-25k, 1.7% for AGIs $25k-50k, 1.8% for AGIs $50k-75k, 1.9% for AGIs $75k-100k, 2.1% for AGIs over 100k)

Total tax: $6,657 (reported on 79.8% of returns)

01602: $6,657
State: $11,494

(% of AGI for various income ranges: 4.9% for AGIs below $10k, 4.5% for AGIs $10k-25k, 7.6% for AGIs $25k-50k, 9.4% for AGIs $50k-75k, 10.5% for AGIs $75k-100k, 16.3% for AGIs over 100k)

Earned income credit: $1,433 (reported on 9.8% of returns)

Here: $1,433
State: $1,518

(% of AGI for various income ranges: 6.7% for AGIs below $10k, 2.7% for AGIs $10k-25k, 0.2% for AGIs $25k-50k)

Percentage of individuals using paid preparers for their 2004 taxes: 58.8%

Here: 59%
State: 58%

(% for various income ranges: 51.5% for AGIs below $10k, 58.3% for AGIs $10k-25k, 57.5% for AGIs $25k-50k, 62.4% for AGIs $50k-75k, 62.1% for AGIs $75k-100k, 66.9% for AGIs over 100k)