Milton, Massachusetts Income Statistics
Milton 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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A+
Milton Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Milton | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Household Income | $183,505 | $104,336 | $80,455 |
| Median Personal Income | $120,302 | $80,230 | $60,758 |
| Average Yearly Income Growth | 5.4% | 4.9% | 4.8% |
| Six-Figure Earners | 33.6% | 20.6% | 13.9% |
| $200k+ Households | 46.0% | 22.3% | 13.2% |
The median household income in Milton is about 76% higher than in Massachusetts. Income has been growing faster in Milton (5.4%/yr) than in Massachusetts (4.9%/yr).
About 34% of adults in Milton 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 Milton, Massachusetts grew by 91.8% from 2009 to 2024, reaching $183,505 in 2024. That's an average of about 5.4% per year.
Income Inequality and the Gender Pay Gap in Milton
| Metric | Milton | Massachusetts Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.533 | 0.531 | 0.552 |
| Male Median Income | $130,575 | $90,842 | $69,667 |
| Female Median Income | $118,741 | $75,629 | $56,850 |
| Gender Pay Gap | 9.1% | 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 Milton, it is 0.533, 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.
Men's income is about 10% more than women's income in Milton, Massachusetts. Over a 35-year career, a 10% wage gap accumulates to roughly $414,190 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Milton, Massachusetts has narrowed from about 30% to 9% in 2024. Over that period the gap was narrowest at 7% in 2023. In dollar terms, the gap has narrowed by $14,108 since 2009.
Employment
| Metric | Milton | Massachusetts Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.8% | 5.1% | 5.2% |
| Working from Home | 29.7% | 18.6% | 15.0% |
| Commute time (minutes) | 30 | 25 | 22 |
Approximately 738 people are unemployed in Milton, Massachusetts.
The average commute time in Milton is 30 minutes, longer than the 25 minutes in Massachusetts.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Milton, Massachusetts has fallen from 6.7% to 4.8% in 2024. Over that period the rate peaked at 6.8% in 2013 and fell as low as 3.3% in 2020.
Milton, MA Wealth Compared With Nearby Cities
Milton, MA is the 5th largest of the 6 cities compared here, 28,602 residents against a local median of 38,939. The measure that sets Milton, MA apart most is median household income: $183,505, 49% above the local median of $123,276. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 4.8% against a local median of 4.0%, 21% above it. The picture is mixed rather than uniform: median household income runs ahead of the neighbourhood while unemployment runs behind it, so Milton, MA is trading one against the other rather than simply out-performing what surrounds it. The cities themselves spread $44,796 on median household income, so Milton, MA sits at one end of an already wide local range rather than apart from it. Milton, MA has the highest median household income 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. |
|---|---|---|---|---|---|
| Milton, MA | 28,602 | $183,505 #1/6 | 5.4%/yr #2/6 | 4.8% #4/6 | 0.533 #6/6 |
| Randolph Town, MA | 34,885 | $107,711 | 6.4%/yr | 7.7% | 0.527 |
| Quincy, MA | 102,031 | $98,855 | 5.1%/yr | 6.9% | 0.523 |
| Braintree Town, MA | 38,939 | $123,276 | 4.6%/yr | 4.0% | 0.505 |
| Dedham, MA | 25,193 | $131,420 | 5.3%/yr | 3.1% | 0.486 |
| Brookline, MA | 63,198 | $143,651 | 4.3%/yr | 3.6% | 0.474 |
Conclusion
Considering all these factors, Milton, Massachusetts has an overall wealth index grade of A+, making it somewhat better than Massachusetts, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Milton, Massachusetts.
How Rich Is Milton, Massachusetts?
Milton 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 $183,505, about 76% higher than the Massachusetts average of $104,336.
How fast is household income rising in Milton, Massachusetts?
Between 2009 and 2024, the median household income in Milton, Massachusetts rose 92%, from $95,671 to $183,505. Over the same years, income here outpaced Massachusetts as a whole: +92% against +61%.
What was the median household income in Milton in 2023?
In 2023, the median household income in Milton, Massachusetts was $177,102, up 4% from $170,295 in 2022. The Massachusetts median that year was $101,513.
What was the median household income in Milton in 2020?
In 2020, the median household income in Milton, Massachusetts was $139,320. By 2024 it had risen 32% to $183,505.
Is Milton, Massachusetts a high-income area?
Yes. 34% of adults in Milton, Massachusetts earn $100,000 or more a year (about 1 in 3), against 21% (about 1 in 5) in Massachusetts. 46% of households have a combined income of $200,000 or more, compared with 22% in Massachusetts.
What is the Gini coefficient in Milton, Massachusetts?
The Gini coefficient in Milton is 0.533. 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 Milton, Massachusetts?
Since 2009, the income gap between men and women in Milton, Massachusetts has narrowed from about 30% to 9% in 2024. Over that period the gap was narrowest at 7% in 2023. In dollar terms, the gap has narrowed by $14,108 since 2009.
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