Nearly 40% of Newton's jobs are in the sectors of Healthcare and Social Assistance (62) and Educational Services (61). Major employment sector groupings are highlighted in the following pie chart.
Additional sectors, annual counts of establishments, and employment numbers, are listed in the table below. Sectors are organized by the 2-digit codes of the North American Industry Classification System (NAICS).
SOURCE: Department of Economic Research, Executive Office of Labor and Workforce Development. See: ES-202 Average Employment and Weekly Wages
Almost 30% of employees within a 10-mile radius work in Healthcare and Social Assistance (62) and Educational Services (61) sectors. Annual counts of employees by industry sector are listed in the table below. Sectors are organized by the 2-digit codes of the North American Industry Classification System (NAICS).
Demographics
The workforce within a 10-mile radius is predominately younger than age 54 and largely identifies as white, with growing representation of Asian and Black or African American workers.
See demographic and economic data in the Data.census.gov profile of Newton which is based on the U.S. Census Bureau's American Community Survey 1-Year Estimates. Additional information is available in reports provided by the U.S. Census Bureau and OnTheMap application, 2022.
Educational attainment
Of Newton residents age 25 and older, 82% of the workforce holds Bachelor's or post-graduate degrees. Educational attainment in Newton and Middlesex County are compared in the bar chart.
Source: U.S. Census Bureau (2023). American Community Survey 1-year estimates. Retrieved from Census Reporter Profile page for Newton city, Middlesex County, MA.
SELECTED HIGHLIGHTS
Construction (33) : Chapman Construction • Commodore Builders • Packard Development
Manufacturing (33): 4A Coffee Roasters • Cuisinart Outdoors (formerly The Fulham Group) • Kale Bags • Materion (formerly HC Starck). Pictured: Erke and Alan Draper, owners of Newton's newest manufacturer 4A Coffee Roasters, which opened in industrial space in Nonantum.
Wholesale Trade (42): Boston Showcase • Global Partners LP • Spindrift Beverage Co.
Information Technology (51): Cyberark Software • Manifold AI • Tech Target
Finance, Insurance, Real Estate (52-53): Ascensus • Boston Commercial Properties • Boston Development Group • Capasso Realty Corp. • Crosspoint Associates • Fox and Hounds Properties • Government Properties Income Trust • Mark Development • Metro West Collaborative Development • National Development • Northland Investment Corp. • Office Properties Income Trust • RMR Group • Saracen Properties • Service Properties Trust • Village Bank • WS Development
Professional, Scientific, and Technical (54): AlerisLife • Barrett Technology • Harmon Law Offices • Karyopharm Therapeutics • Labshares • Paytronix Systems
Educational Services (61) Boston Ballet School • Boston College • Brimmer and May • Carroll Center for the Blind • Dearborn Academy • Fessenden School • Lasell University • Mt. Alvernia Academy • Newton Country Day School • Newton Public Schools • The Chestnut Hill School • Wellan Montessori School • William James College
Health Care and Social Assistance (62): ABP Best Home Care Agency Inc • Bright Horizons Family Solutions • Caris Diagnostics • Clearview Healthcare Partners • Longevity Care • Mothers Milk Bank Northeast • New England Organ Bank • Newton-Wellesley Hospital • The Price Center • Scandinavian Living Center • Sunrise of Newton • Visiting Angels Living Assistance • West Suburban YMCA
Source: Executive Office of Labor and Workforce Development (EOLWD). ES-202 Average Employment and Weekly Wages, 2023. Sorted by 2-digit codes of the North American Industry Classification System (NAICS).
Newton's primary trade market area is characterized by residents, students, employees, and commuters who shop, dine, and use local services.
Local businesses also draw customers from surrounding areas to access destination restaurants, stores, entertainment, medical care, and professional services.
Open the Trade Area Report for updated descriptions of consumer segments, demographics, income, education, employment, home values, commute times, and traffic counts.
This Marketplaces IQ data platform is available through the International Council of Shopping Centers and Realtors Property Resource.
