Fall River, Massachusetts Income Statistics
Fall River 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.
-
D
Fall River Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Fall River | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Household Income | $56,801 | $104,336 | $80,455 |
| Median Personal Income | $53,634 | $80,230 | $60,758 |
| Average Yearly Income Growth | 5.5% | 4.9% | 4.8% |
| Six-Figure Earners | 6.4% | 20.6% | 13.9% |
| $200k+ Households | 4.5% | 22.3% | 13.2% |
The median household income in Fall River is about 46% lower than in Massachusetts. Income has been growing faster in Fall River (5.5%/yr) than in Massachusetts (4.9%/yr).
About 6% of adults in Fall River 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 Fall River, Massachusetts grew by 58.3% from 2009 to 2024, reaching $56,801 in 2024. That's an average of about 5.5% per year.
Income Inequality and the Gender Pay Gap in Fall River
| Metric | Fall River | Massachusetts Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.519 | 0.531 | 0.552 |
| Male Median Income | $58,411 | $90,842 | $69,667 |
| Female Median Income | $53,709 | $75,629 | $56,850 |
| Gender Pay Gap | 8.0% | 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 Fall River, it is 0.519, 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 9% more than women's income in Fall River, Massachusetts. Over a 35-year career, a 9% wage gap accumulates to roughly $164,570 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Fall River, Massachusetts has narrowed from about 24% to 8% in 2024. In dollar terms, the gap has narrowed by $5,685 since 2009.
Employment
| Metric | Fall River | Massachusetts Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.5% | 5.1% | 5.2% |
| Working from Home | 7.1% | 18.6% | 15.0% |
| Commute time (minutes) | 20 | 25 | 22 |
Approximately 3,116 people are unemployed in Fall River, Massachusetts.
The average commute time in Fall River is 20 minutes, shorter than the 25 minutes in Massachusetts.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Fall River, Massachusetts has fallen from 14.0% to 6.5% in 2024. Over that period the rate peaked at 16.6% in 2013.
Conclusion
Considering all these factors, Fall River, Massachusetts has an overall wealth index grade of D, making it somewhat worse than Massachusetts, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Fall River, Massachusetts.
How Rich Is Fall River, Massachusetts?
Fall River has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $56,801, about 46% lower than the Massachusetts average of $104,336.
How fast is household income rising in Fall River, Massachusetts?
Between 2009 and 2024, the median household income in Fall River, Massachusetts rose 58%, from $35,889 to $56,801. Over the same years, income here lagged behind Massachusetts as a whole: +58% against +61%.
What was the median household income in Fall River in 2023?
In 2023, the median household income in Fall River, Massachusetts was $54,593, up 3% from $53,038 in 2022. The Massachusetts median that year was $101,513.
What was the median household income in Fall River in 2020?
In 2020, the median household income in Fall River, Massachusetts was $46,247. By 2024 it had risen 23% to $56,801.
Is it hard to find a job in Fall River, Massachusetts?
Unemployment in Fall River, Massachusetts is 6.5%, well above the Massachusetts rate of 5.1%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Fall River, Massachusetts?
The Gini coefficient in Fall River is 0.519. 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 Fall River, Massachusetts?
Since 2009, the income gap between men and women in Fall River, Massachusetts has narrowed from about 24% to 8% in 2024. In dollar terms, the gap has narrowed by $5,685 since 2009.
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