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Standard of Living in Massachusetts (2024 Statistics)

Published: Monday, 21th October 2024

Recently Updated: Friday, 10th January 2025

In this page, you will find a detailed guide on the standard of living in Massachusetts, covering various aspects such as human development factors, population, employment, school and education, economy, health system factors, environment, housing, taxes and finances.

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Human Development Factors Information

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Indicators
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Massachusetts
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Human Development Index (HDI)
(2023)
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0.949
Literacy Rate
(2023)
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90.1 % (15 years+ above age)
Life Expectancy Ratio
(2023)
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79 years
Poverty Ratio
(2023)
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10.4 % of total population
Employment Rate
(2023)
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64 % of total population

The Human Development Index (HDI) is a measure used to assess the overall well-being and quality of life of people living in a country or a state. The key dimensions that give a country or a state good HDI rank are a long and healthy life, being knowledgeable and having a decent standard of living. This is expressed as a value between 0 and 1. The higher a country's or a state's human development, the higher its HDI value.

Economic Factors Information

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Indicators
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Massachusetts
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Gross Domestic Product (GDP)
(2023)
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759,471 million USD
GDP Per Capita
(2023)
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108,185 USD
GINI Ratio
(2023)
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0.48
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Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced within a country or a state in a specific time period, usually a year. It is used to gauge the economic performance of a country or a state and indicates how wealthy and productive a nation or a state is. In simple terms, GDP tells us how much a country or a state is producing and how well its economy is doing.


As per the statistics from the World Bank Data for the year 2023, the total GDP of Massachusetts is 759,471 million USD.


On the other hand, Gross Domestic Product (GDP) Per Capita is the average economic output per person in a country or a state. Simply put, it shows how much, on average, each person contributes to the economy, giving an idea of the standard of living and economic well-being of the people in that country or state.

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Health Factors Information

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Indicators
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Massachusetts
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Total Registered Physicians
(2023)
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41,349
Total Registered Nurses
(2023)
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130,000
Available Hospital Beds
(2023)
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18,000
Disability Percentage
(2023)
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12.6 %
Population Without Health Insurance Coverage (2023)
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2.4 %
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Tax and Finance Factors Information

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Indicators
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Massachusetts
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Income Tax Rates
(2023)
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5.00% to 9.00%
Sales Tax Rates
(2023)
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6.25 %
Property Tax Rates
(2023)
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1.14 %
Corporate Tax Rates
(2023)
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8 %
Gas and Fuel Tax
(2023)
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0.27 USD Per Gallon
Beer Tax
(2023)
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0.11 USD Per Gallon
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Population and Old Age Factors Information

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Indicators
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Massachusetts
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Total Population
(2023)
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7,029,917
Median Age
(2023)
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40.3 %
Sex Ratio
(2023)
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96
(Males per 100 Females)
Age ( 60 - 64 ) Years
(2023)
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6.9 %
Age ( 65 - 74 ) Years
(2023)
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10.5 %
Age ( 75 - 84 ) Years
(2023)
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5.5 %
Age ( 85 ) Years and older
(2023)
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2.1 %
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Job and Employment Factors Information

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Indicators
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Massachusetts
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Agriculture, Forestry and Fishing Sectors (2023)
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0.5 %
Construction Sector
(2023)
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6.3 %
Manufacturing Sector
(2023)
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9.1 %
Transportation and Warehousing Sectors (2023)
Image Depicting the total Transportation and Warehousing Sectors workers percentage in any specific country or state
4.2 %
IT and Information Sectors
(2023)
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2 %
Arts and Entertainment
(2023)
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7.7 %
Education and Healthcare Sectors (2023)
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28 %
Finance and Real Estate Sectors (2023)
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7.2 %
Wholesale Trade
(2023)
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1.9 %
Retail Trade
(2023)
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9.5 %
Public Administration
(2023)
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3.7 %
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Types of Workers

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Indicators
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Massachusetts
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Mean Travel Time to Work
(2023)
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28.6 Minutes
People Working From Home (2023)
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18.4 %
Private Wage and Salary Workers (2023)
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81.9 %
People Working In Government Sectors (2023)
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12.7 %
Self-Employed Workers
(2023)
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5.3 %
Median Income
(2023)
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94,488 USD
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Environmental Factors Information

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Indicators
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Massachusetts
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Access to Internet
(2023)
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94 %
Access to Electricity
(2023)
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99.9 %
Total Forest Area
(2023)
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13,467 Square Kilometers
Agricultural Land
(2023)
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1,900 Square Kilometers

School and Education Factors Information

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Indicators
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Massachusetts
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High School Graduate
(2023)
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23 %
Associate Degree
(2023)
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7.4 %
Bachelor's Degree
(2023)
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25.3 %
Graduate Degree Holders Percentage (2023)
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21.3 %
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Race and Ethnicity Information

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Indicators
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Massachusetts
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White Race
(2023)
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4,896,037
Black or African American Race (2023)
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494,029
American Indian and Alaska Native (2023)
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24,018
Asian Race
(2023)
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507,934
Hawaiian and Pacific Islander Race (2023)
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2,301
Hispanic or Latino
(2023)
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887,685
Two or More Races
(2023)
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608,867
Only English Speaking Population Percentage (2023)
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75 %
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Housing and Ownership Information

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Indicators
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Massachusetts
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Total Housing Units
(2023)
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2,998,537
Median Gross Rent
(2023)
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1,634 USD per month
Homeownership Rate
(2023)
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62.2 %
Average Family Size
(2023)
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3.02
Married Couple Household
(2023)
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45.2 %
Male Householder (No Spouse)
(2023)
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17.9 %
Female Householder (No Spouse)
(2023)
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28.9 %
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Marital Status Information

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Indicators
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Massachusetts
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Married Male (Not Separated)
(2023)
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49 %
Married Female (Not Separated)
(2023)
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44.6 %
Never Married (Male)
(2023)
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39.4 %
Never Married (Female)
(2023)
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35 %
Separated (Male)
(2023)
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1.3 %
Separated (Female)
(2023)
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1.7 %
Divorced (Male)
(2023)
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8 %
Divorced (Female)
(2023)
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10.7 %
Widowed (Male)
(2023)
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2.3 %
Widowed (Female)
(2023)
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7.9 %
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