Pittsfield, Massachusetts Income Statistics
Pittsfield 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.
-
C
Pittsfield Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Pittsfield | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Household Income | $70,346 | $104,336 | $80,455 |
| Median Personal Income | $60,821 | $80,230 | $60,758 |
| Average Yearly Income Growth | 5.7% | 4.9% | 4.8% |
| Six-Figure Earners | 10.4% | 20.6% | 13.9% |
| $200k+ Households | 8.6% | 22.3% | 13.2% |
The median household income in Pittsfield is about 33% lower than in Massachusetts. Income has been growing faster in Pittsfield (5.7%/yr) than in Massachusetts (4.9%/yr).
About 10% of adults in Pittsfield 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 Pittsfield, Massachusetts grew by 60.9% from 2009 to 2024, reaching $70,346 in 2024. That's an average of about 5.7% per year.
Income Inequality and the Gender Pay Gap in Pittsfield
| Metric | Pittsfield | Massachusetts Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.508 | 0.531 | 0.552 |
| Male Median Income | $65,662 | $90,842 | $69,667 |
| Female Median Income | $62,640 | $75,629 | $56,850 |
| Gender Pay Gap | 4.6% | 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 Pittsfield, it is 0.508, 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 5% more than women's income in Pittsfield, Massachusetts. Over a 35-year career, a 5% wage gap accumulates to roughly $105,770 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Pittsfield, Massachusetts has narrowed from about 22% to 5% in 2024. Over that period the gap was widest at 25% in 2021. In dollar terms, the gap has narrowed by $7,410 since 2009.
Employment
| Metric | Pittsfield | Massachusetts Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.0% | 5.1% | 5.2% |
| Working from Home | 10.2% | 18.6% | 15.0% |
| Commute time (minutes) | 15 | 25 | 22 |
Approximately 1,645 people are unemployed in Pittsfield, Massachusetts.
The average commute time in Pittsfield is 15 minutes, shorter than the 25 minutes in Massachusetts.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Pittsfield, Massachusetts has fallen from 9.0% to 7.0% in 2024. Over that period the rate peaked at 11.7% in 2013 and fell as low as 5.7% in 2019.
Conclusion
Considering all these factors, Pittsfield, 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 Pittsfield, Massachusetts.
How Rich Is Pittsfield, Massachusetts?
Pittsfield 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 $70,346, about 33% lower than the Massachusetts average of $104,336.
Are incomes growing in Pittsfield, Massachusetts?
Between 2009 and 2024, the median household income in Pittsfield, Massachusetts rose 61%, from $43,728 to $70,346. Over the same years, income here kept pace with Massachusetts as a whole: +61% against +61%.
What was the median household income in Pittsfield in 2023?
In 2023, the median household income in Pittsfield, Massachusetts was $68,439, up 3% from $66,595 in 2022. The Massachusetts median that year was $101,513.
What was the median household income in Pittsfield in 2020?
In 2020, the median household income in Pittsfield, Massachusetts was $56,568. By 2024 it had risen 24% to $70,346.
Is unemployment high in Pittsfield, Massachusetts?
Unemployment in Pittsfield, Massachusetts is 7.0%, well above the Massachusetts rate of 5.1%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Pittsfield, Massachusetts?
The Gini coefficient in Pittsfield is 0.508. 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 Pittsfield, Massachusetts?
Since 2009, the income gap between men and women in Pittsfield, Massachusetts has narrowed from about 22% to 5% in 2024. Over that period the gap was widest at 25% in 2021. In dollar terms, the gap has narrowed by $7,410 since 2009.
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