Winchester, Massachusetts Income Statistics
Winchester 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+
Winchester Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Winchester | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Household Income | $205,856 | $104,336 | $80,455 |
| Median Personal Income | $129,750 | $80,230 | $60,758 |
| Average Yearly Income Growth | 4.1% | 4.9% | 4.8% |
| Six-Figure Earners | 43.3% | 20.6% | 13.9% |
| $200k+ Households | 56.6% | 22.3% | 13.2% |
The median household income in Winchester is about 97% higher than in Massachusetts. Income has been growing slower in Winchester (4.1%/yr) than in Massachusetts (4.9%/yr).
About 43% of adults in Winchester 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 Winchester, Massachusetts grew by 74.1% from 2009 to 2024, reaching $205,856 in 2024. That's an average of about 4.1% per year.
Income Inequality and the Gender Pay Gap in Winchester
| Metric | Winchester | Massachusetts Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.478 | 0.531 | 0.552 |
| Male Median Income | $135,098 | $90,842 | $69,667 |
| Female Median Income | $129,157 | $75,629 | $56,850 |
| Gender Pay Gap | 4.4% | 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 Winchester, it is 0.478, 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 Winchester, Massachusetts. Over a 35-year career, a 5% wage gap accumulates to roughly $207,935 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Winchester, Massachusetts has narrowed from about 40% to 4% in 2024. Over that period the gap was narrowest at 4% in 2023. In dollar terms, the gap has narrowed by $41,348 since 2009.
Employment
| Metric | Winchester | Massachusetts Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 5.1% | 5.2% |
| Working from Home | 33.9% | 18.6% | 15.0% |
| Commute time (minutes) | 31 | 25 | 22 |
Approximately 456 people are unemployed in Winchester, Massachusetts.
The average commute time in Winchester is 31 minutes, longer than the 25 minutes in Massachusetts.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Winchester, Massachusetts has fallen from 6.4% to 3.8% in 2024. Over that period the rate fell as low as 2.0% in 2019.
Winchester, MA Wealth Compared With Nearby Cities
Winchester, MA is the 5th largest of the 6 cities compared here, 23,377 residents against a local median of 41,946. Where Winchester, MA breaks from the cities next to it is median household income, sitting 58% above the local median of $130,524 at $205,856. That is the better end of the local range on this measure.
Income growth tells the same story from another angle: 4.1%/yr against a local median of 5.5%/yr, 25% below it. The picture is mixed rather than uniform: median household income runs ahead of the neighbourhood while income growth runs behind it, so Winchester, MA is trading one against the other rather than simply out-performing what surrounds it. The cities themselves spread $74,454 on median household income, so Winchester, MA sits at one end of an already wide local range rather than apart from it. Winchester, 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. |
|---|---|---|---|---|---|
| Winchester, MA | 23,377 | $205,856 #1/6 | 4.1%/yr #5/6 | 3.8% #3/6 | 0.478 #3/6 |
| Woburn, MA | 41,946 | $112,968 | 3.9%/yr | 7.9% | 0.506 |
| Arlington, MA | 46,270 | $151,416 | 5.5%/yr | 2.9% | 0.450 |
| Medford, MA | 59,237 | $130,524 | 6.4%/yr | 4.3% | 0.507 |
| Stoneham, MA | 23,334 | $117,780 | 4.4%/yr | 2.2% | 0.465 |
| Belmont, MA | 27,165 | $187,422 | 6.6%/yr | 4.3% | 0.485 |
Conclusion
Considering all these factors, Winchester, Massachusetts has an overall wealth index grade of A+, making it far better than Massachusetts, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Winchester, Massachusetts.
How Rich Is Winchester, Massachusetts?
Winchester 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 $205,856, about 97% higher than the Massachusetts average of $104,336.
How has median household income changed in Winchester, Massachusetts?
Between 2009 and 2024, the median household income in Winchester, Massachusetts rose 74%, from $118,238 to $205,856. Over the same years, income here outpaced Massachusetts as a whole: +74% against +61%.
What was the median household income in Winchester in 2023?
In 2023, the median household income in Winchester, Massachusetts was $204,364, up 1% from $202,429 in 2022. The Massachusetts median that year was $101,513.
What was the median household income in Winchester in 2020?
In 2020, the median household income in Winchester, Massachusetts was $177,587. By 2024 it had risen 16% to $205,856.
Do many residents of Winchester, Massachusetts earn over $100,000?
Yes. 43% of adults in Winchester, Massachusetts earn $100,000 or more a year (about 1 in 2), against 21% (about 1 in 5) in Massachusetts. 57% of households have a combined income of $200,000 or more, compared with 22% in Massachusetts.
Is unemployment high in Winchester, Massachusetts?
Unemployment in Winchester, 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 Winchester, Massachusetts?
The Gini coefficient in Winchester is 0.478. 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 Winchester, Massachusetts?
Since 2009, the income gap between men and women in Winchester, Massachusetts has narrowed from about 40% to 4% in 2024. Over that period the gap was narrowest at 4% in 2023. In dollar terms, the gap has narrowed by $41,348 since 2009.
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