Chicopee, Massachusetts Income Statistics
Chicopee Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
C
Chicopee Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Chicopee | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,597 | $104,336 | $80,455 |
| Median Personal Income | $57,515 | $80,230 | $60,758 |
| Average Yearly Income Growth | 3.0% | 4.9% | 4.8% |
| Six-Figure Earners | 7.7% | 20.6% | 13.9% |
| $200k+ Households | 5.2% | 22.3% | 13.2% |
The median household income in Chicopee is about 41% lower than in Massachusetts. Income has been growing slower in Chicopee (3.0%/yr) than in Massachusetts (4.9%/yr).
About 8% of adults in Chicopee earn six figures ($100,000 or more) a year, lower than the Massachusetts average of 21%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Chicopee, Massachusetts grew by 46.0% from 2009 to 2024, reaching $61,597 in 2024. That's an average of about 3.0% per year.
Income Inequality and the Gender Pay Gap in Chicopee
| Metric | Chicopee | Massachusetts Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.517 | 0.531 | 0.552 |
| Male Median Income | $67,508 | $90,842 | $69,667 |
| Female Median Income | $54,470 | $75,629 | $56,850 |
| Gender Pay Gap | 19.3% | 16.7% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Chicopee, it is 0.517, lower than Massachusetts's 0.531, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 24% more than women's income in Chicopee, Massachusetts. Over a 35-year career, a 24% wage gap accumulates to roughly $456,330 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Chicopee, Massachusetts has narrowed from about 21% to 19% in 2024. Over that period the gap was widest at 25% in 2011, and was narrowest at 9% in 2022. In dollar terms, the gap has widened by $3,889 since 2009.
Employment
| Metric | Chicopee | Massachusetts Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.3% | 5.1% | 5.2% |
| Working from Home | 8.0% | 18.6% | 15.0% |
| Commute time (minutes) | 18 | 25 | 22 |
Approximately 1,745 people are unemployed in Chicopee, Massachusetts.
The average commute time in Chicopee is 18 minutes, shorter than the 25 minutes in Massachusetts.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Chicopee, Massachusetts has fallen from 10.2% to 6.3% in 2024. Over that period the rate peaked at 10.4% in 2013 and fell as low as 5.9% in 2019.
Chicopee, MA Wealth Compared With Nearby Cities
Chicopee, MA is the 2nd largest of the 4 cities compared here, 55,293 residents against a local median of 37,770. Where Chicopee, MA breaks from the cities next to it is income growth, sitting 33% below the local median of 4.6%/yr at 3.0%/yr. That is the weaker end of the local range on this measure.
Unemployment tells the same story from another angle: 6.3% against a local median of 7.7%, 19% below it. The picture is mixed rather than uniform: unemployment runs ahead of the neighbourhood while income growth runs behind it, so Chicopee, MA is trading one against the other rather than simply out-performing what surrounds it. The cities themselves sit within 0.9%/yr of each other on income growth, a tighter band than the gap between any of them and Chicopee, MA, which makes it a genuine outlier here rather than one end of a wide local spread. Chicopee, MA has the 4th highest income growth of the 4 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Chicopee, MA | 55,293 | $61,597 #2/4 | 3.0%/yr #4/4 | 6.3% #2/4 | 0.517 #2/4 |
| Springfield, MA | 154,552 | $52,538 | 5.0%/yr | 8.7% | 0.575 |
| Holyoke, MA | 37,770 | $55,443 | 4.6%/yr | 7.7% | 0.552 |
| West Springfield Town, MA | 28,772 | $68,973 | 4.1%/yr | 5.9% | 0.515 |
Conclusion
Considering all these factors, Chicopee, Massachusetts has an overall wealth index grade of C, making it somewhat worse than Massachusetts, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Chicopee, Massachusetts.
How Rich Is Chicopee, Massachusetts?
Chicopee has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $61,597, about 41% lower than the Massachusetts average of $104,336.
How has median household income changed in Chicopee, Massachusetts?
Between 2009 and 2024, the median household income in Chicopee, Massachusetts rose 46%, from $42,188 to $61,597. Over the same years, income here lagged behind Massachusetts as a whole: +46% against +61%.
What was the median household income in Chicopee in 2023?
In 2023, the median household income in Chicopee, Massachusetts was $66,808, up 4% from $64,174 in 2022. The Massachusetts median that year was $101,513.
What was the median household income in Chicopee in 2020?
In 2020, the median household income in Chicopee, Massachusetts was $52,646. By 2024 it had risen 17% to $61,597.
What is the Gini coefficient in Chicopee, Massachusetts?
The Gini coefficient in Chicopee is 0.517. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Chicopee, Massachusetts?
Since 2009, the income gap between men and women in Chicopee, Massachusetts has narrowed from about 21% to 19% in 2024. Over that period the gap was widest at 25% in 2011, and was narrowest at 9% in 2022. In dollar terms, the gap has widened by $3,889 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →