Framingham, Massachusetts Income Statistics
Framingham 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.
-
B
Framingham Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Framingham | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Household Income | $107,525 | $104,336 | $80,455 |
| Median Personal Income | $74,186 | $80,230 | $60,758 |
| Average Yearly Income Growth | 5.4% | 4.9% | 4.8% |
| Six-Figure Earners | 21.3% | 20.6% | 13.9% |
| $200k+ Households | 24.1% | 22.3% | 13.2% |
The median household income in Framingham is about 3% higher than in Massachusetts. Income has been growing faster in Framingham (5.4%/yr) than in Massachusetts (4.9%/yr).
About 21% of adults in Framingham 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 Framingham, Massachusetts grew by 64.7% from 2009 to 2024, reaching $107,525 in 2024. That's an average of about 5.4% per year.
Income Inequality and the Gender Pay Gap in Framingham
| Metric | Framingham | Massachusetts Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.534 | 0.531 | 0.552 |
| Male Median Income | $74,780 | $90,842 | $69,667 |
| Female Median Income | $78,011 | $75,629 | $56,850 |
| Gender Pay Gap | -4.3% | 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 Framingham, it is 0.534, 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.
Women's income is about 4% more than men's income in Framingham, Massachusetts. Over a 35-year career, a 4% wage gap accumulates to roughly $113,085 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Framingham, Massachusetts has narrowed from about 16% to -4% in 2024. Over that period the gap was widest at 16% in 2010. In dollar terms, the gap has narrowed by $11,773 since 2009.
Employment
| Metric | Framingham | Massachusetts Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.8% | 5.1% | 5.2% |
| Working from Home | 19.6% | 18.6% | 15.0% |
| Commute time (minutes) | 30 | 25 | 22 |
Approximately 2,028 people are unemployed in Framingham, Massachusetts.
The average commute time in Framingham is 30 minutes, longer than the 25 minutes in Massachusetts.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Framingham, Massachusetts has fallen from 6.0% to 4.8% in 2024. Over that period the rate peaked at 6.9% in 2014 and fell as low as 4.4% in 2023.
Framingham, MA Wealth Compared With Nearby Cities
How Framingham, MA compares with the 1 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| Framingham, MA | 72,408 | $107,525 #1/2 | 5.4%/yr #1/2 | 4.8% #1/2 | 0.534 #2/2 |
| Marlborough, MA | 41,541 | $93,792 | 3.4%/yr | 5.5% | 0.523 |
Conclusion
Considering all these factors, Framingham, 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 Framingham, Massachusetts.
How Rich Is Framingham, Massachusetts?
Framingham 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 $107,525, about 3% higher than the Massachusetts average of $104,336.
How fast is household income rising in Framingham, Massachusetts?
Between 2009 and 2024, the median household income in Framingham, Massachusetts rose 65%, from $65,269 to $107,525. Over the same years, income here outpaced Massachusetts as a whole: +65% against +61%.
What was the median household income in Framingham in 2023?
In 2023, the median household income in Framingham, Massachusetts was $98,329, up 3% from $95,140 in 2022. The Massachusetts median that year was $101,513.
What was the median household income in Framingham in 2020?
In 2020, the median household income in Framingham, Massachusetts was $86,959. By 2024 it had risen 24% to $107,525.
What is the Gini coefficient in Framingham, Massachusetts?
The Gini coefficient in Framingham 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Framingham, Massachusetts?
Since 2009, the income gap between men and women in Framingham, Massachusetts has narrowed from about 16% to -4% in 2024. Over that period the gap was widest at 16% in 2010. In dollar terms, the gap has narrowed by $11,773 since 2009.
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