Malden, Massachusetts Income Statistics
Malden 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
Malden Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Malden | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Household Income | $100,648 | $104,336 | $80,455 |
| Median Personal Income | $70,740 | $80,230 | $60,758 |
| Average Yearly Income Growth | 6.7% | 4.9% | 4.8% |
| Six-Figure Earners | 17.4% | 20.6% | 13.9% |
| $200k+ Households | 15.4% | 22.3% | 13.2% |
The median household income in Malden is about 4% lower than in Massachusetts. Income has been growing faster in Malden (6.7%/yr) than in Massachusetts (4.9%/yr).
About 17% of adults in Malden 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 Malden, Massachusetts grew by 82.9% from 2009 to 2024, reaching $100,648 in 2024. That's an average of about 6.7% per year.
Income Inequality and the Gender Pay Gap in Malden
| Metric | Malden | Massachusetts Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.524 | 0.531 | 0.552 |
| Male Median Income | $82,118 | $90,842 | $69,667 |
| Female Median Income | $68,177 | $75,629 | $56,850 |
| Gender Pay Gap | 17.0% | 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 Malden, it is 0.524, 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 20% more than women's income in Malden, Massachusetts. Over a 35-year career, a 20% wage gap accumulates to roughly $487,935 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Malden, Massachusetts has stayed about the same since 2009, at around 17%. Over that period the gap was narrowest at 6% in 2012. In dollar terms, the gap has widened by $6,005 since 2009.
Employment
| Metric | Malden | Massachusetts Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 5.1% | 5.2% |
| Working from Home | 19.8% | 18.6% | 15.0% |
| Commute time (minutes) | 32 | 25 | 22 |
Approximately 2,144 people are unemployed in Malden, Massachusetts.
The average commute time in Malden is 32 minutes, longer than the 25 minutes in Massachusetts.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Malden, Massachusetts has fallen from 10.6% to 5.4% in 2024. Over that period the rate peaked at 12.5% in 2013 and fell as low as 5.0% in 2019.
Malden, MA Wealth Compared With Nearby Cities
Malden, MA is the largest of the 6 cities compared here, 66,048 residents against a local median of 39,880. Malden, MA's unemployment, at 5.4%, runs 25% above the 4.3% typical of the cities around it. That is the weaker end of the local range on this measure.
Income growth tells the same story from another angle: 6.7%/yr against a local median of 5.4%/yr, 25% above it. The picture is mixed rather than uniform: income growth runs ahead of the neighbourhood while unemployment runs behind it, so Malden, MA is trading one against the other rather than simply out-performing what surrounds it. The cities themselves spread 5.4% on unemployment, so Malden, MA sits at one end of an already wide local range rather than apart from it. Malden, MA has the 4th lowest unemployment 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. |
|---|---|---|---|---|---|
| Malden, MA | 66,048 | $100,648 #4/6 | 6.7%/yr #1/6 | 5.4% #4/6 | 0.524 #4/6 |
| Everett, MA | 49,993 | $85,158 | 6.0%/yr | 5.5% | 0.533 |
| Melrose, MA | 29,648 | $133,280 | 5.4%/yr | 3.7% | 0.480 |
| Chelsea, MA | 39,880 | $72,289 | 4.9%/yr | 9.2% | 0.553 |
| Medford, MA | 59,237 | $130,524 | 6.4%/yr | 4.3% | 0.507 |
| Saugus, MA | 28,773 | $102,456 | 3.0%/yr | 3.8% | 0.513 |
Conclusion
Considering all these factors, Malden, 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 Malden, Massachusetts.
How Rich Is Malden, Massachusetts?
Malden 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 $100,648, about 4% lower than the Massachusetts average of $104,336.
Are incomes growing in Malden, Massachusetts?
Between 2009 and 2024, the median household income in Malden, Massachusetts rose 83%, from $55,018 to $100,648. Over the same years, income here outpaced Massachusetts as a whole: +83% against +61%.
What was the median household income in Malden in 2023?
In 2023, the median household income in Malden, Massachusetts was $95,242, up 6% from $89,730 in 2022. The Massachusetts median that year was $101,513.
What was the median household income in Malden in 2020?
In 2020, the median household income in Malden, Massachusetts was $73,508. By 2024 it had risen 37% to $100,648.
What is the Gini coefficient in Malden, Massachusetts?
The Gini coefficient in Malden is 0.524. 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 Malden, Massachusetts?
The income gap between men and women in Malden, Massachusetts has stayed about the same since 2009, at around 17%. Over that period the gap was narrowest at 6% in 2012. In dollar terms, the gap has widened by $6,005 since 2009.
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