GITNUX MARKETDATA REPORT 2024
Statistics About The Average Income In Boston
The average income in Boston is estimated to be around $77,000 per year.
In this post, we will explore the average income landscape in Boston, MA, based on a range of statistical data. From median household incomes to income distribution across different neighborhoods and demographic groups, we will delve into the numbers that paint a picture of economic diversity and inequality within the city.
Statistic 1
"Boston's median household income is $71,115, according to the most recent data from the U.S. Census Bureau."
Statistic 2
"The average income for a household in Boston is much higher than the national average at $87,758."
Statistic 3
"The median income for a family in Boston is approximately $92,964."
Statistic 4
"The per capita income for the city of Boston is roughly $44,690."
Statistic 5
"Around 20.4% of Boston households have an income above $150,000."
Statistic 6
"Overall, about 17.0% of Boston households have an income below $25,000."
Statistic 7
"Approximately 20% of Boston's population earns less than $25,000."
Statistic 8
"Household income in Boston has grown by 25.7% in the last five years (2016-2021)."
Statistic 9
"The top 5% of earners in Boston earn more than $250,000 annually."
Statistic 10
"Female full-time workers in Boston earn a median income of $57,988, which is approximately 84% of the median income for male full-time workers."
Statistic 11
"White households in Boston have the highest median income among racial and ethnic groups at $95,667."
Statistic 12
"Boston's median black household income is $44,700 significantly lower than the household average for the city overall."
Statistic 13
"The income inequality in Boston (measured by the Gini index) is 0.514, which is higher than the national average of 0.482."
Statistic 14
"The average income in Boston's East Boston neighborhood is around $66,339."
Statistic 15
"In contrast, the average income in Boston's Back Bay neighborhood is estimated at $123,789."
Statistic 16
"Those with graduate degrees in Boston have median incomes approximately $30,000 higher than the city average."
Statistic 17
"Households in Boston, MA have a median annual income of $79,018, which is more than the median annual income of $65,712 across the entire United States."
Statistic 18
"The most common jobs held by residents of Boston, MA, by the number of employees, are Management Occupations (75,037 people), Business & Financial Operations Occupations (58,335 people), and Education, Training, & Library Occupations (53,942 people)."
Statistic 19
"The average wage GINI index for Boston, MA is 0.53, higher than the nationwide average US wage GINI index of 0.478. In other words, wages are more evenly distributed in Boston (lower wage GINI)."
Jannik Lindner
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