Newton, Massachusetts Income Statistics
Newton 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+
Newton Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Newton | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Household Income | $190,683 | $104,336 | $80,455 |
| Median Personal Income | $121,516 | $80,230 | $60,758 |
| Average Yearly Income Growth | 5.1% | 4.9% | 4.8% |
| Six-Figure Earners | 36.5% | 20.6% | 13.9% |
| $200k+ Households | 48.0% | 22.3% | 13.2% |
The median household income in Newton is about 83% higher than in Massachusetts. Income has been growing faster in Newton (5.1%/yr) than in Massachusetts (4.9%/yr).
About 36% of adults in Newton 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 Newton, Massachusetts grew by 80.8% from 2009 to 2024, reaching $190,683 in 2024. That's an average of about 5.1% per year.
Income Inequality and the Gender Pay Gap in Newton
| Metric | Newton | Massachusetts Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.523 | 0.531 | 0.552 |
| Male Median Income | $128,916 | $90,842 | $69,667 |
| Female Median Income | $113,933 | $75,629 | $56,850 |
| Gender Pay Gap | 11.6% | 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 Newton, it is 0.523, 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 13% more than women's income in Newton, Massachusetts. Over a 35-year career, a 13% wage gap accumulates to roughly $524,405 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Newton, Massachusetts has narrowed from about 36% to 12% in 2024. Over that period the gap was widest at 37% in 2010. In dollar terms, the gap has narrowed by $20,697 since 2009.
Employment
| Metric | Newton | Massachusetts Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 5.1% | 5.2% |
| Working from Home | 32.2% | 18.6% | 15.0% |
| Commute time (minutes) | 25 | 25 | 22 |
Approximately 1,819 people are unemployed in Newton, Massachusetts.
The average commute time in Newton is 25 minutes, about the same as in Massachusetts.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Newton, Massachusetts has fallen from 4.6% to 3.8% in 2024. Over that period the rate peaked at 5.9% in 2013 and fell as low as 2.8% in 2019.
Newton, MA Wealth Compared With Nearby Cities
Newton, MA is the largest of the 6 cities compared here, 88,909 residents against a local median of 35,594. Where Newton, MA breaks from the cities next to it is median household income, sitting 33% above the local median of $143,651 at $190,683. That is the better end of the local range on this measure.
The cities themselves spread $83,745 on median household income, so Newton, MA sits at one end of an already wide local range rather than apart from it. Newton, MA has the 2nd 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. |
|---|---|---|---|---|---|
| Newton, MA | 88,909 | $190,683 #2/6 | 5.1%/yr #2/6 | 3.8% #3/6 | 0.523 #5/6 |
| Watertown, MA | 35,594 | $126,987 | 4.3%/yr | 5.3% | 0.466 |
| Needham, MA | 32,445 | $202,463 | 4.6%/yr | 4.4% | 0.488 |
| Waltham, MA | 64,842 | $118,718 | 4.9%/yr | 3.7% | 0.535 |
| Brookline, MA | 63,198 | $143,651 | 4.3%/yr | 3.6% | 0.474 |
| Belmont, MA | 27,165 | $187,422 | 6.6%/yr | 4.3% | 0.485 |
Conclusion
Considering all these factors, Newton, 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 Newton, Massachusetts.
How Rich Is Newton, Massachusetts?
Newton 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 $190,683, about 83% higher than the Massachusetts average of $104,336.
How has median household income changed in Newton, Massachusetts?
Between 2009 and 2024, the median household income in Newton, Massachusetts rose 81%, from $105,486 to $190,683. Over the same years, income here outpaced Massachusetts as a whole: +81% against +61%.
What was the median household income in Newton in 2023?
In 2023, the median household income in Newton, Massachusetts was $186,194, up 6% from $175,718 in 2022. The Massachusetts median that year was $101,513.
What was the median household income in Newton in 2020?
In 2020, the median household income in Newton, Massachusetts was $155,738. By 2024 it had risen 22% to $190,683.
Do many residents of Newton, Massachusetts earn over $100,000?
Yes. 36% of adults in Newton, Massachusetts earn $100,000 or more a year (about 1 in 3), against 21% (about 1 in 5) in Massachusetts. 48% of households have a combined income of $200,000 or more, compared with 22% in Massachusetts.
Is unemployment high in Newton, Massachusetts?
Unemployment in Newton, Massachusetts is only 3.8%, 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 Newton, Massachusetts?
The Gini coefficient in Newton is 0.523. 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 Newton, Massachusetts?
Since 2009, the income gap between men and women in Newton, Massachusetts has narrowed from about 36% to 12% in 2024. Over that period the gap was widest at 37% in 2010. In dollar terms, the gap has narrowed by $20,697 since 2009.
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