Weymouth Town, Massachusetts Income Statistics
Weymouth Town 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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B
Weymouth Town Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Weymouth Town | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Household Income | $103,462 | $104,336 | $80,455 |
| Median Personal Income | $82,008 | $80,230 | $60,758 |
| Average Yearly Income Growth | 5.1% | 4.9% | 4.8% |
| Six-Figure Earners | 21.9% | 20.6% | 13.9% |
| $200k+ Households | 19.5% | 22.3% | 13.2% |
The median household income in Weymouth Town is about 1% lower than in Massachusetts. Income has been growing faster in Weymouth Town (5.1%/yr) than in Massachusetts (4.9%/yr).
About 22% of adults in Weymouth Town 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 Weymouth Town, Massachusetts grew by 55.9% from 2009 to 2024, reaching $103,462 in 2024. That's an average of about 5.1% per year.
Income Inequality and the Gender Pay Gap in Weymouth Town
| Metric | Weymouth Town | Massachusetts Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.497 | 0.531 | 0.552 |
| Male Median Income | $90,421 | $90,842 | $69,667 |
| Female Median Income | $84,400 | $75,629 | $56,850 |
| Gender Pay Gap | 6.7% | 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 Weymouth Town, it is 0.497, 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 7% more than women's income in Weymouth Town, Massachusetts. Over a 35-year career, a 7% wage gap accumulates to roughly $210,735 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Weymouth Town, Massachusetts has narrowed from about 17% to 7% in 2024. Over that period the gap was widest at 19% in 2015, and was narrowest at 2% in 2021. In dollar terms, the gap has narrowed by $3,751 since 2009.
Employment
| Metric | Weymouth Town | Massachusetts Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 5.1% | 5.2% |
| Working from Home | 18.1% | 18.6% | 15.0% |
| Commute time (minutes) | 30 | 25 | 22 |
Approximately 1,668 people are unemployed in Weymouth Town, Massachusetts.
The average commute time in Weymouth Town is 30 minutes, longer than the 25 minutes in Massachusetts.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Weymouth Town, Massachusetts has fallen from 7.7% to 4.9% in 2024. Over that period the rate peaked at 9.7% in 2013 and fell as low as 4.7% in 2022.
Weymouth Town, MA Wealth Compared With Nearby Cities
How Weymouth Town, MA compares with the 2 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| Weymouth Town, MA | 58,503 | $103,462 #2/3 | 5.1%/yr #2/3 | 4.9% #2/3 | 0.497 #1/3 |
| Braintree Town, MA | 38,939 | $123,276 | 4.6%/yr | 4.0% | 0.505 |
| Quincy, MA | 102,031 | $98,855 | 5.1%/yr | 6.9% | 0.523 |
Conclusion
Considering all these factors, Weymouth Town, Massachusetts has an overall wealth index grade of B, making it somewhat better than Massachusetts, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Weymouth Town, Massachusetts.
How Rich Is Weymouth Town, Massachusetts?
Weymouth Town has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $103,462, about 1% lower than the Massachusetts average of $104,336.
Are incomes growing in Weymouth Town, Massachusetts?
Between 2009 and 2024, the median household income in Weymouth Town, Massachusetts rose 56%, from $66,368 to $103,462. Over the same years, income here lagged behind Massachusetts as a whole: +56% against +61%.
What was the median household income in Weymouth Town in 2023?
In 2023, the median household income in Weymouth Town, Massachusetts was $100,107, up 4% from $95,827 in 2022. The Massachusetts median that year was $101,513.
What was the median household income in Weymouth Town in 2020?
In 2020, the median household income in Weymouth Town, Massachusetts was $87,740. By 2024 it had risen 18% to $103,462.
What is the Gini coefficient in Weymouth Town, Massachusetts?
The Gini coefficient in Weymouth Town is 0.497. 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 Weymouth Town, Massachusetts?
Since 2009, the income gap between men and women in Weymouth Town, Massachusetts has narrowed from about 17% to 7% in 2024. Over that period the gap was widest at 19% in 2015, and was narrowest at 2% in 2021. In dollar terms, the gap has narrowed by $3,751 since 2009.
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