Graph and download economic data for Median Household Income in Massachusetts (MEHOINUSMAA646N) from 1984 to 2023 about MA, households, median, income, and USA.

In 2023, the median household income in Massachusetts amounted to 106,500 U.S. dollars. This is an increase from the previous year, when the median household income in the state was 93,550 U.S. dollars. Household median income data for the United States as a whole can be accessed here.

This statistic shows the median household income in the United States from 1990 to 2023 in 2023 U.S. dollars. The median household income was 80,610 U.S. dollars in 2023, an increase from the previous year. Household incomeThe median household income depicts the income of households, including the income of the householder and all other individuals aged 15 years or over living in the household. Income includes wages and salaries, unemployment insurance, disability payments, child support payments received, regular rental receipts, as well as any personal business, investment, or other kinds of income received routinely. The median household income in the United States varies from state to state. In 2020, the median household income was 86,725 U.S. dollars in Massachusetts, while the median household income in Mississippi was approximately 44,966 U.S. dollars at that time. Household income is also used to determine the poverty line in the United States. In 2021, about 11.6 percent of the U.S. population was living in poverty. The child poverty rate, which represents people under the age of 18 living in poverty, has been growing steadily over the first decade since the turn of the century, from 16.2 percent of the children living below the poverty line in year 2000 to 22 percent in 2010. In 2021, it had lowered to 15.3 percent. The state with the widest gap between the rich and the poor was New York, with a Gini coefficient score of 0.51 in 2019. The Gini coefficient is calculated by looking at average income rates. A score of zero would reflect perfect income equality and a score of one indicates a society where one person would have all the money and all other people have nothing.

In 2022, San Francisco had the highest median household income of cities ranking within the top 25 in terms of population, with a median household income in of 136,692 U.S. dollars. In that year, San Jose in California was ranked second, and Seattle, Washington third.

Following a fall after the great recession, median household income in the United States has been increasing in recent years. As of 2022, median household income by state was highest in Maryland, Washington, D.C., Utah, and Massachusetts. It was lowest in Mississippi, West Virginia, and Arkansas. Families with an annual income of 25,000 and 49,999 U.S. dollars made up the largest income bracket in America, with about 25.26 million households.

Data on median household income can be compared to statistics on personal income in the U.S. released by the Bureau of Economic Analysis. Personal income rose to around 21.8 trillion U.S. dollars in 2022, the highest value recorded. Personal income is a measure of the total income received by persons from all sources, while median household income is “the amount with divides the income distribution into two equal groups,” according to the U.S. Census Bureau. Half of the population in question lives above median income and half lives below. Though total personal income has increased in recent years, this wealth is not distributed throughout the population. In practical terms, income of most households has decreased. One additional statistic illustrates this disparity: for the lowest quintile of workers, mean household income has remained more or less steady for the past decade at about 13 to 16 thousand constant U.S. dollars annually. Meanwhile, income for the top five percent of workers has actually risen from about 285,000 U.S. dollars in 1990 to about 499,900 U.S. dollars in 2020.