Haverhill, Massachusetts Income Statistics
Haverhill 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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B
Haverhill Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Haverhill | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Household Income | $88,342 | $104,336 | $80,455 |
| Median Personal Income | $67,520 | $80,230 | $60,758 |
| Average Yearly Income Growth | 4.2% | 4.9% | 4.8% |
| Six-Figure Earners | 13.3% | 20.6% | 13.9% |
| $200k+ Households | 13.3% | 22.3% | 13.2% |
The median household income in Haverhill is about 15% lower than in Massachusetts. Income has been growing slower in Haverhill (4.2%/yr) than in Massachusetts (4.9%/yr).
About 13% of adults in Haverhill 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 Haverhill, Massachusetts grew by 45.7% from 2009 to 2024, reaching $88,342 in 2024. That's an average of about 4.2% per year.
Income Inequality and the Gender Pay Gap in Haverhill
| Metric | Haverhill | Massachusetts Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.513 | 0.531 | 0.552 |
| Male Median Income | $76,312 | $90,842 | $69,667 |
| Female Median Income | $62,749 | $75,629 | $56,850 |
| Gender Pay Gap | 17.8% | 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 Haverhill, it is 0.513, 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 22% more than women's income in Haverhill, Massachusetts. Over a 35-year career, a 22% wage gap accumulates to roughly $474,705 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Haverhill, Massachusetts has narrowed from about 22% to 18% in 2024. Over that period the gap was widest at 26% in 2018, and was narrowest at 16% in 2023. In dollar terms, the gap has widened by $1,552 since 2009.
Employment
| Metric | Haverhill | Massachusetts Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.6% | 5.1% | 5.2% |
| Working from Home | 12.5% | 18.6% | 15.0% |
| Commute time (minutes) | 23 | 25 | 22 |
Approximately 2,125 people are unemployed in Haverhill, Massachusetts.
The average commute time in Haverhill is 23 minutes, shorter than the 25 minutes in Massachusetts.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Haverhill, Massachusetts has fallen from 9.0% to 5.6% in 2024. Over that period the rate peaked at 9.8% in 2012 and fell as low as 5.1% in 2020.
Haverhill, MA Wealth Compared With Nearby Cities
How Haverhill, MA compares with the 2 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. |
|---|---|---|---|---|---|
| Haverhill, MA | 67,679 | $88,342 #2/3 | 4.2%/yr #3/3 | 5.6% #1/3 | 0.513 #2/3 |
| Lawrence, MA | 88,771 | $60,489 | 6.5%/yr | 8.5% | 0.536 |
| Methuen, MA | 53,422 | $111,921 | 5.6%/yr | 5.8% | 0.509 |
Conclusion
Considering all these factors, Haverhill, Massachusetts has an overall wealth index grade of B, making it about on par with Massachusetts, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Haverhill, Massachusetts.
How Rich Is Haverhill, Massachusetts?
Haverhill 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 $88,342, about 15% lower than the Massachusetts average of $104,336.
How fast is household income rising in Haverhill, Massachusetts?
Between 2009 and 2024, the median household income in Haverhill, Massachusetts rose 46%, from $60,649 to $88,342. Over the same years, income here lagged behind Massachusetts as a whole: +46% against +61%.
What was the median household income in Haverhill in 2023?
In 2023, the median household income in Haverhill, Massachusetts was $87,497, up 6% from $82,498 in 2022. The Massachusetts median that year was $101,513.
What was the median household income in Haverhill in 2020?
In 2020, the median household income in Haverhill, Massachusetts was $70,645. By 2024 it had risen 25% to $88,342.
What is the Gini coefficient in Haverhill, Massachusetts?
The Gini coefficient in Haverhill is 0.513. 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 Haverhill, Massachusetts?
Since 2009, the income gap between men and women in Haverhill, Massachusetts has narrowed from about 22% to 18% in 2024. Over that period the gap was widest at 26% in 2018, and was narrowest at 16% in 2023. In dollar terms, the gap has widened by $1,552 since 2009.
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