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Massachusetts&

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Population
6.79M
0.73% growth
Median Age
39.4
Median Household Income
$70,628
2.12% growth
Poverty Rate
11.5%
Number of Employees
3.34M
2.12% growth
Median Property Value
$352,100
3.89% growth

Economy

The economy of Massachusetts employs 3.34M people. The economy of Massachusetts is specialized in Software publishing; Footwear manufacturing; and Scientific research & development services, which employ respectively 3.26; 3.07; and 2.83 times more people than what would be expected in a location of this size. The largest industries in Massachusetts are Hospitals (202,079), Elementary & secondary schools (200,649), and Restaurants & Food Services (196,254), and the highest paying industries are Securities, commodities, funds, trusts & other financial investments ($140,150), Other information services, except libraries & archives, & internet publishing & broadcasting & web search portals ($131,889), and Oil & gas extraction ($126,479).

Median household income in Massachusetts is $70,628. Males in Massachusetts have an average income that is 1.35 times higher than the average income of females, which is $59,936. The income inequality of Massachusetts (measured using the Gini index) is 0.492 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 Massachusetts. In Massachusetts 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 105 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $9,190. Suffolk County, MA has the highest prevalence of homicides of any county in Massachusetts.

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Diversity

Massachusetts is home to a population of 6.79M people, from which 92.3% are citizens. The ethnic composition of the population of Massachusetts is composed of 4.96M White residents (73%), 757,948 Hispanic residents (11.2%), 459,884 Black residents (6.77%), 428,592 Asian residents (6.31%), and 132,210 Two+ residents (1.95%). The most common foreign languages in Massachusetts are Spanish (534,262 speakers), Portuguese (179,245 speakers), and Chinese (121,445 speakers), but compared to other places, Massachusetts has a relative high number of Portuguese (179,245 speakers), Mon-Khmer, Cambodian (24,047 speakers), and French Creole (71,301 speakers).

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Education

In 2015 universities in Massachusetts awarded 138,475 degrees. The student population of Massachusetts is skewed towards females, with 57,064 male students and 81,411 female students. Most students in Massachusetts are White (79,006 and 57.1%), followed by Unknown (11,096 and 8.01%), Hispanic or Latino (10,893 and 7.87%), and Asian (9,344 and 6.75%). The largest universities in Massachusetts by number of graduates are Boston University (10,379 and 7.5%), University of Massachusetts-Amherst (8,157 and 5.89%), and Harvard University (7,668 and 5.54%). The most popular majors in Massachusetts are General Psychology (4,321 and 3.12%), General Business Administration & Management (4,131 and 2.98%), and Registered Nursing (2,546 and 1.84%). The median tuition costs in Massachusetts are $41,632 for private four year colleges, and $1,417 and $8,099 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 Massachusetts is $352,100, which is 1.81 times larger than the national average of $194,500. Between 2014 and 2015 the median property value increased from $338,900 to $352,100, a 3.89% increase. The homeownership rate of Massachusetts is 61.7%, which is lower than the national average of 63%. People in Massachusetts have an average commute time of 28.3 minutes, and they commute by Drove Alone. Car ownership in Massachusetts is approximately the same as the national average, with an average of 2 cars per household.

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