Dedham, Massachusetts Income Statistics
Dedham 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.
-
A
Dedham Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Dedham | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Household Income | $131,420 | $104,336 | $80,455 |
| Median Personal Income | $93,211 | $80,230 | $60,758 |
| Average Yearly Income Growth | 5.3% | 4.9% | 4.8% |
| Six-Figure Earners | 29.0% | 20.6% | 13.9% |
| $200k+ Households | 31.4% | 22.3% | 13.2% |
The median household income in Dedham is about 26% higher than in Massachusetts. Income has been growing faster in Dedham (5.3%/yr) than in Massachusetts (4.9%/yr).
About 29% of adults in Dedham earn six figures ($100,000 or more) a year, higher than the Massachusetts average of 21%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Dedham, Massachusetts grew by 70.0% from 2009 to 2024, reaching $131,420 in 2024. That's an average of about 5.3% per year.
Income Inequality and the Gender Pay Gap in Dedham
| Metric | Dedham | Massachusetts Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.486 | 0.531 | 0.552 |
| Male Median Income | $110,278 | $90,842 | $69,667 |
| Female Median Income | $89,638 | $75,629 | $56,850 |
| Gender Pay Gap | 18.7% | 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 Dedham, it is 0.486, 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 23% more than women's income in Dedham, Massachusetts. Over a 35-year career, a 23% wage gap accumulates to roughly $722,400 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Dedham, Massachusetts has widened from about 17% to 19% in 2024. Over that period the gap was widest at 24% in 2012, and was narrowest at 13% in 2021. In dollar terms, the gap has widened by $9,625 since 2009.
Sharply against the trend: the pay gap in Dedham widened by 1.4 points while Massachusetts's narrowed by 5.5 points.
Employment
| Metric | Dedham | Massachusetts Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.1% | 5.1% | 5.2% |
| Working from Home | 20.0% | 18.6% | 15.0% |
| Commute time (minutes) | 28 | 25 | 22 |
Approximately 458 people are unemployed in Dedham, Massachusetts.
The average commute time in Dedham is 28 minutes, longer than the 25 minutes in Massachusetts.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Dedham, Massachusetts has fallen from 6.3% to 3.1% in 2024. Over that period the rate peaked at 6.9% in 2012.
Dedham, MA Wealth Compared With Nearby Cities
Dedham, MA is the smallest of the 6 cities compared here, 25,193 residents against a local median of 32,445. Where Dedham, MA breaks from the cities next to it is median household income, sitting 28% below the local median of $183,505 at $131,420. That is the weaker end of the local range on this measure.
Unemployment tells the same story from another angle: 3.1% against a local median of 3.8%, 17% below it. The picture is mixed rather than uniform: unemployment runs ahead of the neighbourhood while median household income runs behind it, so Dedham, MA is trading one against the other rather than simply out-performing what surrounds it. The cities themselves spread $96,257 on median household income, so Dedham, MA sits at one end of an already wide local range rather than apart from it. Dedham, MA has the 5th highest median household income of the 6 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. |
|---|---|---|---|---|---|
| Dedham, MA | 25,193 | $131,420 #5/6 | 5.3%/yr #2/6 | 3.1% #1/6 | 0.486 #2/6 |
| Norwood, MA | 31,539 | $106,206 | 3.0%/yr | 3.6% | 0.498 |
| Needham, MA | 32,445 | $202,463 | 4.6%/yr | 4.4% | 0.488 |
| Brookline, MA | 63,198 | $143,651 | 4.3%/yr | 3.6% | 0.474 |
| Newton, MA | 88,909 | $190,683 | 5.1%/yr | 3.8% | 0.523 |
| Milton, MA | 28,602 | $183,505 | 5.4%/yr | 4.8% | 0.533 |
Conclusion
Considering all these factors, Dedham, Massachusetts has an overall wealth index grade of A, making it somewhat better than Massachusetts, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Dedham, Massachusetts.
How Rich Is Dedham, Massachusetts?
Dedham has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $131,420, about 26% higher than the Massachusetts average of $104,336.
Are incomes growing in Dedham, Massachusetts?
Between 2009 and 2024, the median household income in Dedham, Massachusetts rose 70%, from $77,319 to $131,420. Over the same years, income here outpaced Massachusetts as a whole: +70% against +61%.
What was the median household income in Dedham in 2023?
In 2023, the median household income in Dedham, Massachusetts was $123,711, up 4% from $119,036 in 2022. The Massachusetts median that year was $101,513.
What was the median household income in Dedham in 2020?
In 2020, the median household income in Dedham, Massachusetts was $103,093. By 2024 it had risen 27% to $131,420.
How many people earn six figures in Dedham, Massachusetts?
Yes. 29% of adults in Dedham, Massachusetts earn $100,000 or more a year (about 1 in 3), against 21% (about 1 in 5) in Massachusetts. 31% of households have a combined income of $200,000 or more, compared with 22% in Massachusetts.
Is it hard to find a job in Dedham, Massachusetts?
Unemployment in Dedham, Massachusetts is only 3.1%, well below the Massachusetts rate of 5.1%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Dedham, Massachusetts?
The Gini coefficient in Dedham is 0.486. 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 Dedham, Massachusetts?
Since 2009, the income gap between men and women in Dedham, Massachusetts has widened from about 17% to 19% in 2024. Over that period the gap was widest at 24% in 2012, and was narrowest at 13% in 2021. In dollar terms, the gap has widened by $9,625 since 2009.
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