Financial Security

Maintaining


Median Household Income

What does this measure?

Median household income, in 2022 dollars. Half of incomes are below the median and half are above.

Why is this important?

Median household income is a gauge of the overall economic health of the region and the financial resources of households.

How is our region doing?

In 2018-22, the median household income in MetroWest was $110,439, 13% higher than the median income in 2008-12 of $98,101 (after adjusting for inflation). In 2018-22, the state had a lower median household income at $96,505 and the nation was substantially lower, at $75,149. MetroWest's 13% increase since 2008-12 compares with an 14% increase at the state level and 11% increase at the national level.

Within MetroWest, median incomes were higher in Norfolk and Middlesex counties, at $120,621 and $121,304, than in Worcester County, at $88,524. Among local areas, Dover, Wellesley and Weston all had the highest median incomes, at $250,001, followed by Carlisle, at $247,656. Milford had the lowest median income at $92,843, followed by Marlborough at $94,199 and Framingham at $94,909.

Notes about the data

Figures are in constant 2022 dollars. The multiyear figures are from the Census Bureau's American Community Survey. The bureau combined 5 years of responses to the survey to provide estimates for smaller geographic areas and increase the precision of its estimates. However, because the information came from a survey, the samples responding to the survey were not always large enough to produce reliable results, especially in small geographic areas. CGR has noted on data tables the estimates with relatively large margins of error. Estimates with 3 asterisks have the largest margins, plus or minus 50% or more of the estimate. Two asterisks mean plus or minus 35%-50%, and one asterisk means plus or minus 20%-35%. For all estimates, the confidence level is 90%, meaning there is 90% probability the true value (if the whole population were surveyed) would be within the margin of error (or confidence interval). The survey provides data on characteristics of the population that used to be collected only during the decennial census. Data for this indicator are released annually in December.

Median Household Income
2008-122013-172018-22
United States$67,616$68,832$75,149
Massachusetts$84,966$88,550$96,505
Region$98,101$101,902$110,439
Middlesex County$103,783$110,889$121,304
Norfolk County$107,183$114,220$120,621
Worcester County$84,087$82,755$88,524
Acton town, Middlesex County$145,895$159,643$150,482
Ashland town, Middlesex County$121,470$143,640$124,311
Bedford town, Middlesex County$133,359$149,489$143,736
Bellingham town, Norfolk County$105,617$114,059$116,152
Boxborough town, Middlesex County$135,875$120,678$151,207
Carlisle town, Middlesex County$203,946$203,807$247,656
Concord town, Middlesex County$167,627$164,455$184,086
Dedham town, Norfolk County$104,768$106,873$118,877
Dover town, Norfolk County$239,124$243,582$250,001
Framingham city, Middlesex County$87,832$87,374$94,909
Franklin town, Norfolk County$123,983$133,642$138,062
Groton town, Middlesex County$149,183$147,949$186,333
Harvard town, Worcester County$183,734$160,410$189,647
Holliston town, Middlesex County$136,634$141,997$149,614
Hopkinton town, Middlesex County$162,929$180,709$191,439
Hudson town, Middlesex County$89,471$100,009$103,086
Lexington town, Middlesex County$176,025$193,515$206,323
Lincoln town, Middlesex County$151,946$160,238$158,894
Littleton town, Middlesex County$137,049$142,288$151,488
Marlborough city, Middlesex County$90,309$90,043$94,199
Maynard town, Middlesex County$101,261$114,417$112,524
Medfield town, Norfolk County$158,781$183,682$215,099
Medway town, Norfolk County$137,894$137,817$165,614
Milford town, Worcester County$88,144$90,564$92,843
Millis town, Norfolk County$118,508$119,667$140,816
Natick town, Middlesex County$121,168$126,588$133,605
Needham town, Norfolk County$159,550$169,167$206,261
Sherborn town, Middlesex County$193,677$204,008$242,688
Southborough town, Worcester County$172,848$170,046$186,432
Stow town, Middlesex County$143,240$172,840$166,833
Sudbury town, Middlesex County$209,474$204,096$234,427
Walpole town, Norfolk County$112,153$128,891$151,875
Waltham city, Middlesex County$92,199$99,393$113,443
Wayland town, Middlesex County$158,953$199,258$208,750
Wellesley town, Norfolk County$197,573$211,148$250,001
Westborough town, Worcester County$124,324$128,471$133,145
Westford town, Middlesex County$154,408$164,769$174,424
Weston town, Middlesex County$225,456$234,787$250,001
Westwood town, Norfolk County$166,757$174,073$192,887

Source: U.S. Census Bureau
Notes: Figures in 2022 dollars. Multiyear results are from rolling American Community Survey. * Margin of error between 20% & 35% of estimate; ** margin of error between 35% & 50%; *** margin of error greater than 50%.








INDICATORS REGIONAL TREND


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