Wealth Index
Among the top 5 wealthiest counties in Massachusetts
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Dukes County | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Household Income | $105,601 | $101,501 | $78,145 |
| Median Personal Income | $80,254 | $81,429 | $61,726 |
| Average income growth | 7.1% | 5.2% | 5.1% |
| Six-Figure Earners | 19.9% | 19.8% | 13.2% |
The median household income in Dukes County is about 4% higher than in Massachusetts. Income has been growing faster in Dukes County (7.1%/yr) than in Massachusetts (5.2%/yr).
About 20% of adults in Dukes County earn six figures ($100,000 or more) a year, about the same as the Massachusetts average of 20%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Dukes County, Massachusetts grew by 68.6% from 2009 to 2023, reaching $105,601 in 2023. That's an average of about 7.1% per year.
Economic Inequality in Dukes County | Gender Pay Gap | Gini Coefficient
| Metric | Dukes County | Massachusetts Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.534 | 0.554 | 0.570 |
| Male Median Income | $80,344 | $89,016 | $67,746 |
| Female Median Income | $80,124 | $73,171 | $54,793 |
| Gender Pay Gap | 0.3% | 17.8% | 19.1% |
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 Dukes County, it is 0.534, lower than Massachusetts's 0.554, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 0% more than women's income in Dukes County, Massachusetts.
Income by Sex Over Time
Since 2009, the income gap between men and women in Dukes County, Massachusetts has narrowed from about 14% to 0% in 2023. In dollar terms, the gap has narrowed by $6,051 since 2009.
Employment
| Metric | Dukes County | Massachusetts Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.7% | 5.1% | 5.2% |
| Working from Home | 18.4% | 16.7% | 13.4% |
| Commute time (minutes) | 15 | 25 | 22 |
Approximately 789 people are unemployed in Dukes County, Massachusetts.
The average commute time in Dukes County is 15 minutes, shorter than the 25 minutes in Massachusetts.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Dukes County, Massachusetts has risen from 5.0% to 6.7% in 2023.
Conclusion
Considering all these factors, Dukes County, Massachusetts has an overall wealth index grade of B, making it somewhat better than Massachusetts, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Dukes County, Massachusetts.
How Rich Is Dukes County, Massachusetts?
Dukes County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $105,601, about 4% higher than the Massachusetts average of $101,501.
What is the current median household income in Dukes County, Massachusetts?
As of 2023, the median household income in Dukes County, Massachusetts is $105,601.
What was the median household income in Dukes County in 2023?
In 2023, the median household income in Dukes County, Massachusetts was $105,601.
What was the median household income in Dukes County in 2020?
In 2020, the median household income in Dukes County, Massachusetts was $76,303.
What is the Gini coefficient in Dukes County, Massachusetts?
The Gini coefficient in Dukes County is 0.534. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Dukes County, Massachusetts?
Since 2009, the income gap between men and women in Dukes County, Massachusetts has narrowed from about 14% to 0% in 2023. In dollar terms, the gap has narrowed by $6,051 since 2009.