Everett, Massachusetts Income Statistics
Everett 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.
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C
Everett Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Everett | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Household Income | $85,158 | $104,336 | $80,455 |
| Median Personal Income | $56,859 | $80,230 | $60,758 |
| Average Yearly Income Growth | 6.0% | 4.9% | 4.8% |
| Six-Figure Earners | 10.9% | 20.6% | 13.9% |
| $200k+ Households | 13.9% | 22.3% | 13.2% |
The median household income in Everett is about 18% lower than in Massachusetts. Income has been growing faster in Everett (6.0%/yr) than in Massachusetts (4.9%/yr).
About 11% of adults in Everett 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 Everett, Massachusetts grew by 71.5% from 2009 to 2024, reaching $85,158 in 2024. That's an average of about 6.0% per year.
Income Inequality and the Gender Pay Gap in Everett
| Metric | Everett | Massachusetts Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.533 | 0.531 | 0.552 |
| Male Median Income | $61,059 | $90,842 | $69,667 |
| Female Median Income | $60,098 | $75,629 | $56,850 |
| Gender Pay Gap | 1.6% | 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 Everett, it is 0.533, about the same as Massachusetts's 0.531, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 2% more than women's income in Everett, Massachusetts. Over a 35-year career, a 2% wage gap accumulates to roughly $33,635 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Everett, Massachusetts has narrowed from about -3% to 2% in 2024. Over that period the gap was widest at 11% in 2014, and in 2022 women out-earned men by 8%. In dollar terms, the gap has widened by $2,256 since 2009.
Sharply against the trend: the pay gap in Everett widened by 5.0 points while Massachusetts's narrowed by 5.5 points.
Employment
| Metric | Everett | Massachusetts Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.5% | 5.1% | 5.2% |
| Working from Home | 10.5% | 18.6% | 15.0% |
| Commute time (minutes) | 32 | 25 | 22 |
Approximately 1,609 people are unemployed in Everett, Massachusetts.
The average commute time in Everett is 32 minutes, longer than the 25 minutes in Massachusetts.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Everett, Massachusetts has fallen from 10.3% to 5.5% in 2024. Over that period the rate fell as low as 5.2% in 2019.
Everett, MA Wealth Compared With Nearby Cities
Everett, MA is the 4th largest of the 6 cities compared here, 49,993 residents against a local median of 59,237. Where Everett, MA breaks from the cities next to it is median household income, sitting 35% below the local median of $130,524 at $85,158. That is the weaker end of the local range on this measure.
Unemployment tells the same story from another angle: 5.5% against a local median of 4.3%, 28% above it. Every measure here with a clear better direction points the same way, and it is the wrong way: Everett, MA reads weaker than its neighbours on all of them. The cities themselves spread $60,991 on median household income, so Everett, MA sits at one end of an already wide local range rather than apart from it. Everett, 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. |
|---|---|---|---|---|---|
| Everett, MA | 49,993 | $85,158 #5/6 | 6.0%/yr #4/6 | 5.5% #5/6 | 0.533 #5/6 |
| Malden, MA | 66,048 | $100,648 | 6.7%/yr | 5.4% | 0.524 |
| Chelsea, MA | 39,880 | $72,289 | 4.9%/yr | 9.2% | 0.553 |
| Melrose, MA | 29,648 | $133,280 | 5.4%/yr | 3.7% | 0.480 |
| Somerville, MA | 81,027 | $132,942 | 6.6%/yr | 3.0% | 0.470 |
| Medford, MA | 59,237 | $130,524 | 6.4%/yr | 4.3% | 0.507 |
Conclusion
Considering all these factors, Everett, 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 Everett, Massachusetts.
How Wealthy Is Everett, Massachusetts?
Everett 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 $85,158, about 18% lower than the Massachusetts average of $104,336.
How fast is household income rising in Everett, Massachusetts?
Between 2009 and 2024, the median household income in Everett, Massachusetts rose 71%, from $49,660 to $85,158. Over the same years, income here outpaced Massachusetts as a whole: +71% against +61%.
What was the median household income in Everett in 2023?
In 2023, the median household income in Everett, Massachusetts was $80,716, up 5% from $77,018 in 2022. The Massachusetts median that year was $101,513.
What was the median household income in Everett in 2020?
In 2020, the median household income in Everett, Massachusetts was $70,752. By 2024 it had risen 20% to $85,158.
What is the Gini coefficient in Everett, Massachusetts?
The Gini coefficient in Everett is 0.533. 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 Everett, Massachusetts?
Since 2009, the income gap between men and women in Everett, Massachusetts has narrowed from about -3% to 2% in 2024. Over that period the gap was widest at 11% in 2014, and in 2022 women out-earned men by 8%. In dollar terms, the gap has widened by $2,256 since 2009.
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