Leominster, Massachusetts Income Statistics
Leominster 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
Leominster Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Leominster | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Household Income | $83,861 | $104,336 | $80,455 |
| Median Personal Income | $64,302 | $80,230 | $60,758 |
| Average Yearly Income Growth | 5.2% | 4.9% | 4.8% |
| Six-Figure Earners | 15.4% | 20.6% | 13.9% |
| $200k+ Households | 13.9% | 22.3% | 13.2% |
The median household income in Leominster is about 20% lower than in Massachusetts. Income has been growing faster in Leominster (5.2%/yr) than in Massachusetts (4.9%/yr).
About 15% of adults in Leominster 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 Leominster, Massachusetts grew by 47.8% from 2009 to 2024, reaching $83,861 in 2024. That's an average of about 5.2% per year.
Income Inequality and the Gender Pay Gap in Leominster
| Metric | Leominster | Massachusetts Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.507 | 0.531 | 0.552 |
| Male Median Income | $78,112 | $90,842 | $69,667 |
| Female Median Income | $64,044 | $75,629 | $56,850 |
| Gender Pay Gap | 18.0% | 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 Leominster, it is 0.507, 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 Leominster, Massachusetts. Over a 35-year career, a 22% wage gap accumulates to roughly $492,380 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Leominster, Massachusetts has narrowed from about 27% to 18% in 2024. Over that period the gap was widest at 29% in 2011, and was narrowest at 14% in 2020. In dollar terms, the gap has narrowed by $348 since 2009.
Employment
| Metric | Leominster | Massachusetts Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.2% | 5.1% | 5.2% |
| Working from Home | 10.9% | 18.6% | 15.0% |
| Commute time (minutes) | 21 | 25 | 22 |
Approximately 1,530 people are unemployed in Leominster, Massachusetts.
The average commute time in Leominster is 21 minutes, shorter than the 25 minutes in Massachusetts.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Leominster, Massachusetts has fallen from 9.8% to 6.2% in 2024. Over that period the rate peaked at 11.3% in 2013 and fell as low as 5.4% in 2020.
Leominster, MA Wealth Compared With Nearby Cities
How Leominster, 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. |
|---|---|---|---|---|---|
| Leominster, MA | 43,909 | $83,861 #1/2 | 5.2%/yr #1/2 | 6.2% #1/2 | 0.507 #1/2 |
| Fitchburg, MA | 41,780 | $72,652 | 4.7%/yr | 6.7% | 0.521 |
Conclusion
Considering all these factors, Leominster, 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 Leominster, Massachusetts.
How Rich Is Leominster, Massachusetts?
Leominster 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 $83,861, about 20% lower than the Massachusetts average of $104,336.
Are incomes growing in Leominster, Massachusetts?
Between 2009 and 2024, the median household income in Leominster, Massachusetts rose 48%, from $56,757 to $83,861. Over the same years, income here lagged behind Massachusetts as a whole: +48% against +61%.
What was the median household income in Leominster in 2023?
In 2023, the median household income in Leominster, Massachusetts was $82,502, up 9% from $75,835 in 2022. The Massachusetts median that year was $101,513.
What was the median household income in Leominster in 2020?
In 2020, the median household income in Leominster, Massachusetts was $63,081. By 2024 it had risen 33% to $83,861.
What is the Gini coefficient in Leominster, Massachusetts?
The Gini coefficient in Leominster is 0.507. 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 Leominster, Massachusetts?
Since 2009, the income gap between men and women in Leominster, Massachusetts has narrowed from about 27% to 18% in 2024. Over that period the gap was widest at 29% in 2011, and was narrowest at 14% in 2020. In dollar terms, the gap has narrowed by $348 since 2009.
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