What Is The Average Individual Income In Massachusetts?

All data is from the 2009–2013 American Community Survey 5-Year Estimates.

Counties.

County United States
Per capita income $28,155
Median household income $53,046
Median family income $64,719

What is the average annual income in MA?

Table

Population
Transportation
Mean travel time to work (minutes), workers age 16 years+, 2016-2020 30.0
Income & Poverty
Median household income (in 2020 dollars), 2016-2020 $84,385

What income is considered middle class in Massachusetts?

around $57,000 to $170,000
The middle class is defined as making around $57,000 to $170,000 for two people, three people in your home means $71,000 to $213,000, and a four-person household is $88,000 to $263,000.

What is considered high income in Massachusetts?

Average Household Income: $115,964. Per Capita Income: $45,555. 14.3% of Households in Massachusetts are High Income Households that make over $200,000 a year.
Median Household Income in Massachusetts by Age of Householder.

Massachusetts
Householder 45 to 64 years $103,973
Householder 65 years and over $52,973

What is the average American individual income?

The average personal income in the U.S. is $63,214. The median income in the U.S. is $44,225. The average American annual real wage was $67,521 in 2020. The average U.S. household income is $87,864.

What is a liveable salary in Massachusetts?

Living Wage Calculation for Massachusetts

1 ADULT 2 ADULTS (1 WORKING)
0 Children 2 Children
Living Wage $21.88 $43.77
Poverty Wage $6.19 $12.74
Minimum Wage $14.25 $14.25

What’s a good salary in MA?

Most salaries in Massachusetts range between $47,062 (25th percentile) to $82,589 (75th percentile) annually. Of course, salaries will vary depending on yor occupation, experience, and many other factors.

How much money do you need to be happy in MA?

The minimum salary to be happy in Massachusetts is $139,125, compared with $114,975 in the Granite State. The findings were based on a Purdue study published in the journal Nature Human Behaviour, which reviewed how income, emotional well-being and life satisfaction are all connected.

What is the average cost of living in Massachusetts?

The cost of living in Massachusetts is $2233, which is 1.15 times more expensive than the average in the United States.
Cost of Living in Massachusetts.

Cost of living One person Family of 4
? Total with rent $2233 $4955
?️ Without rent $775 $2604
? Rent & Utilities $1458 $2351

What income is considered poverty in Massachusetts?

100% of the Federal Poverty Level Guidelines

Family Size Annual Monthly
1 $13,590 $1,133
2 $18,310 $1,526
3 $23,030 $1,919
4 $27,750 $2,313

What is considered high income 2022?

For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.

What salary is considered rich for a single person?

With a $500,000+ income, you are considered rich, wherever you live! According to the IRS, any household who makes over $500,000 a year in 2022 is considered a top 1% income earner. Of course, some parts of the country require a higher income level to be in the top 1% income, e.g. Connecticut at $580,000.

What income is middle class for a single person?

$30,003 to $90,010
The Pew Research Center has put a financial definition to the term “middle income.” To be considered part of that group in 2021—which is synonymous with middle-class, according to Pew—a single American must have earned $30,003 to $90,010, according to a new set of reports released Wednesday.

What is a good salary in Boston 2022?

A good salary in Boston, MA is anything over $53,000. That’s because the median income in Boston is $53,000, which means if you earn more than that you’re earning more than 50% of the people living in Boston.

What is a living wage in Massachusetts 2022?

Effective January 1, 2022, the minimum wage is $14.25 per hour and the service rate (applied to workers who provide services to customers and who make more than $20 a month in tips) is $6.15. Effective January 1, 2023, the minimum wage is $15.00 and the service rate is $6.75.

What is a realistic livable wage?

California. California’s living wage is $19.41, or $40,371 a year for an individual. A family of four requires $27.42, or $101,378 a year.

What job pays the most in Massachusetts?

Top 100 jobs in Massachusetts by salary

  • Anesthesiologist: $395,147 per year.
  • Surgeon: $348,468 per year.
  • Family medicine physician: $220,490 per year.
  • Internal medicine physician: $171,207 per year.
  • Chief marketing officer: $163,455 per year.
  • Machine learning engineer: $156,691 per year.
  • Engineering manager: $154,994 per year.

What is the highest paying job in MA?

Job title Mid-career median pay
1. President $195,900
2. Chief technology officer $195,600
3. Chief information officer $189,700
4. Vice president of marketing $182,700

What is the lowest paying job in Massachusetts?

Shampooers
Detailed List Of The Lowest Paying Jobs In Massachusetts

Rank Job Title Average Salary
1 Shampooers $25,680
2 Cashiers $26,310
3 Ushers, Lobby Attendants, And Ticket Takers $26,760
4 Counter Attendants, Cafeteria, Food Concession, And Coffee Shop $26,780

What is a comfortable salary in Massachusetts?

As of Nov 4, 2022, the average annual pay for the Comfortable jobs category in Massachusetts is $43,089 a year. Just in case you need a simple salary calculator, that works out to be approximately $20.72 an hour. This is the equivalent of $828/week or $3,590/month.

How much do public school teachers make in Massachusetts?

How much does a Public School Teacher make in Massachusetts? The average Public School Teacher salary in Massachusetts is $60,485 as of October 27, 2022, but the range typically falls between $50,520 and $73,756.