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Needham, MA&

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1.06% growth
Median Age
Median Household Income
2.39% growth
Poverty Rate
Number of Employees
1.63% growth
Median Property Value
2.27% growth

About the photo: Lake Waban in Wellesley, MA


The economy of Needham, MA employs 14,819 people. The economy of Needham, MA is specialized in Professional, Scientific, Tech Services; Finance & Insurance; and Real Estate, Rental & Leasing, which employ respectively 2.63; 2.06; and 1.86 times more people than what would be expected in a location of this size. The largest industries in Needham, MA are Healthcare & Social Assistance (2,770), Professional, Scientific, Tech Services (2,729), and Educational Services (2,159), and the highest paying industries are Finance & Insurance ($108,819), Professional, Scientific, Tech Services ($104,000), and Healthcare & Social Assistance ($72,574).

Median household income in Needham, MA is $132,237. Males in Needham, MA have an average income that is 1.72 times higher than the average income of females, which is $103,018. The income inequality of Needham, MA (measured using the Gini index) is 0.538 which is higher than the national average.


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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Needham, MA. In Norfolk County, MA the age groups most likely to have health care coverage are 6-17 and 45-54, men and women, respectively. The location has a 1 to 128 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $9,518. Suffolk County, MA has the highest prevalence of homicides of any county in Massachusetts.


Clinician to Patient Ratios

Showing data across all counties in Massachusetts.

Insurance Coverage by Age and Gender

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Needham, MA is home to a population of 29,853 people, from which 97.2% are citizens. The ethnic composition of the population of Needham, MA is composed of 25,460 White residents (85.3%), 2,162 Asian residents (7.24%), 890 Two+ residents (2.98%), 758 Hispanic residents (2.54%), and 583 Black residents (1.95%). The most common foreign languages in Needham, MA are Chinese (770 speakers), Russian (726 speakers), and Spanish (549 speakers), but compared to other places, Needham, MA has a relative high number of Scandinavian (166 speakers), Russian (726 speakers), and Persian (252 speakers).


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In 2015 universities in Needham, MA awarded 81 degrees. The student population of Needham, MA is skewed towards females, with 38 male students and 43 female students. Most students in Needham, MA are White (47 and 58%), followed by Unknown (12 and 14.8%), Asian (12 and 14.8%), and Two or more races (3 and 3.7%). The largest universities in Needham, MA by number of graduates are Franklin W Olin College of Engineering (81 and 100%), N/A (N/A and N/A), and N/A (N/A and N/A). The most popular majors in Needham, MA are General Engineering (38 and 46.9%), Mechanical Engineering (26 and 32.1%), and Electrical & Electronics Engineering (17 and 21%). The median tuition costs in Needham, MA are N/A for private four year colleges, and $45,000 and $45,000 respectively, for public four year colleges for in-state students and out-of-state students.



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Housing & Living

The median property value in Needham, MA is $684,100, which is 3.52 times larger than the national average of $194,500. Between 2014 and 2015 the median property value increased from $668,900 to $684,100, a 2.27% increase. The homeownership rate of Needham, MA is 83.2%, which is higher than the national average of 63.9%. People in Needham, MA have an average commute time of 27.3 minutes, and they commute by Drove Alone. Car ownership in Needham, MA is approximately the same as the national average, with an average of 2 cars per household.


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