Marblehead, Massachusetts Income Statistics
Marblehead 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.
-
A+
Marblehead Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Marblehead | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Household Income | $185,173 | $104,336 | $80,455 |
| Median Personal Income | $122,041 | $80,230 | $60,758 |
| Average Yearly Income Growth | 7.6% | 4.9% | 4.8% |
| Six-Figure Earners | 36.9% | 20.6% | 13.9% |
| $200k+ Households | 47.2% | 22.3% | 13.2% |
The median household income in Marblehead is about 77% higher than in Massachusetts. Income has been growing faster in Marblehead (7.6%/yr) than in Massachusetts (4.9%/yr).
About 37% of adults in Marblehead 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 Marblehead, Massachusetts grew by 100.0% from 2009 to 2024, reaching $185,173 in 2024. That's an average of about 7.6% per year.
Income Inequality and the Gender Pay Gap in Marblehead
| Metric | Marblehead | Massachusetts Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.489 | 0.531 | 0.552 |
| Male Median Income | $132,681 | $90,842 | $69,667 |
| Female Median Income | $109,959 | $75,629 | $56,850 |
| Gender Pay Gap | 17.1% | 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 Marblehead, it is 0.489, 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 21% more than women's income in Marblehead, Massachusetts. Over a 35-year career, a 21% wage gap accumulates to roughly $795,270 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Marblehead, Massachusetts has narrowed from about 28% to 17% in 2024. Over that period the gap was widest at 43% in 2014, and was narrowest at 15% in 2023. In dollar terms, the gap has narrowed by $1,896 since 2009.
Employment
| Metric | Marblehead | Massachusetts Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.6% | 5.1% | 5.2% |
| Working from Home | 34.0% | 18.6% | 15.0% |
| Commute time (minutes) | 30 | 25 | 22 |
Approximately 293 people are unemployed in Marblehead, Massachusetts.
The average commute time in Marblehead is 30 minutes, longer than the 25 minutes in Massachusetts.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Marblehead, Massachusetts has fallen from 4.5% to 2.6% in 2024. Over that period the rate peaked at 5.9% in 2012 and fell as low as 1.9% in 2023.
Marblehead, MA Wealth Compared With Nearby Cities
Marblehead, MA is the smallest of the 4 cities compared here, 20,308 residents against a local median of 43,365. Marblehead, MA's median household income, at $185,173, runs 115% above the $86,266 typical of the cities around it. That is the better end of the local range on this measure.
Income growth tells the same story from another angle: 7.6%/yr against a local median of 5.0%/yr, 53% above it. Every measure here with a clear better direction points the same way, so Marblehead, MA is not trading one advantage for another, it reads stronger than its neighbours across the board. The cities themselves sit within $33,087 of each other on median household income, a tighter band than the gap between any of them and Marblehead, MA, which makes it a genuine outlier here rather than one end of a wide local spread. Marblehead, MA has the highest median household income of the 4 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. |
|---|---|---|---|---|---|
| Marblehead, MA | 20,308 | $185,173 #1/4 | 7.6%/yr #1/4 | 2.6% #1/4 | 0.489 #1/4 |
| Salem, MA | 43,365 | $86,266 | 4.5%/yr | 5.1% | 0.506 |
| Beverly, MA | 42,584 | $108,139 | 5.0%/yr | 4.4% | 0.522 |
| Lynn, MA | 101,709 | $75,052 | 5.0%/yr | 5.0% | 0.543 |
Conclusion
Considering all these factors, Marblehead, Massachusetts has an overall wealth index grade of A+, making it notably better than Massachusetts, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Marblehead, Massachusetts.
How Rich Is Marblehead, Massachusetts?
Marblehead has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $185,173, about 77% higher than the Massachusetts average of $104,336.
How fast is household income rising in Marblehead, Massachusetts?
Between 2009 and 2024, the median household income in Marblehead, Massachusetts rose 100%, from $92,582 to $185,173. Over the same years, income here outpaced Massachusetts as a whole: +100% against +61%.
What was the median household income in Marblehead in 2023?
In 2023, the median household income in Marblehead, Massachusetts was $171,946, up 5% from $164,525 in 2022. The Massachusetts median that year was $101,513.
What was the median household income in Marblehead in 2020?
In 2020, the median household income in Marblehead, Massachusetts was $131,562. By 2024 it had risen 41% to $185,173.
Do many residents of Marblehead, Massachusetts earn over $100,000?
Yes. 37% of adults in Marblehead, Massachusetts earn $100,000 or more a year (about 1 in 3), against 21% (about 1 in 5) in Massachusetts. 47% of households have a combined income of $200,000 or more, compared with 22% in Massachusetts.
Is it hard to find a job in Marblehead, Massachusetts?
Unemployment in Marblehead, Massachusetts is only 2.6%, well below the Massachusetts rate of 5.1%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Marblehead, Massachusetts?
The Gini coefficient in Marblehead is 0.489. 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 Marblehead, Massachusetts?
Since 2009, the income gap between men and women in Marblehead, Massachusetts has narrowed from about 28% to 17% in 2024. Over that period the gap was widest at 43% in 2014, and was narrowest at 15% in 2023. In dollar terms, the gap has narrowed by $1,896 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →