Woburn, Massachusetts Income Statistics
Woburn 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
Woburn Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Woburn | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Household Income | $112,968 | $104,336 | $80,455 |
| Median Personal Income | $81,745 | $80,230 | $60,758 |
| Average Yearly Income Growth | 3.9% | 4.9% | 4.8% |
| Six-Figure Earners | 22.8% | 20.6% | 13.9% |
| $200k+ Households | 26.2% | 22.3% | 13.2% |
The median household income in Woburn is about 8% higher than in Massachusetts. Income has been growing slower in Woburn (3.9%/yr) than in Massachusetts (4.9%/yr).
About 23% of adults in Woburn 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 Woburn, Massachusetts grew by 62.0% from 2009 to 2024, reaching $112,968 in 2024. That's an average of about 3.9% per year.
Income Inequality and the Gender Pay Gap in Woburn
| Metric | Woburn | Massachusetts Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.506 | 0.531 | 0.552 |
| Male Median Income | $95,094 | $90,842 | $69,667 |
| Female Median Income | $74,532 | $75,629 | $56,850 |
| Gender Pay Gap | 21.6% | 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 Woburn, it is 0.506, 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 28% more than women's income in Woburn, Massachusetts. Over a 35-year career, a 28% wage gap accumulates to roughly $719,670 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Woburn, Massachusetts has narrowed from about 23% to 22% in 2024. Over that period the gap was widest at 25% in 2010, and was narrowest at 15% in 2012. In dollar terms, the gap has widened by $7,198 since 2009.
Employment
| Metric | Woburn | Massachusetts Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.9% | 5.1% | 5.2% |
| Working from Home | 16.0% | 18.6% | 15.0% |
| Commute time (minutes) | 22 | 25 | 22 |
Approximately 2,047 people are unemployed in Woburn, Massachusetts.
The average commute time in Woburn is 22 minutes, shorter than the 25 minutes in Massachusetts.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Woburn, Massachusetts has risen from 6.9% to 7.9% in 2024. Over that period the rate fell as low as 3.0% in 2019.
Woburn, MA Wealth Compared With Nearby Cities
Woburn, MA is the 2nd largest of the 6 cities compared here, 41,946 residents against a local median of 25,603. Woburn, MA's unemployment, at 7.9%, runs 139% above the 3.3% typical of the cities around it. That is the weaker end of the local range on this measure.
Median household income tells the same story from another angle: $112,968 against a local median of $151,416, 25% below it. Every measure here with a clear better direction points the same way, and it is the wrong way: Woburn, MA reads weaker than its neighbours on all of them. The cities themselves sit within 2.2% of each other on unemployment, a tighter band than the gap between any of them and Woburn, MA, which makes it a genuine outlier here rather than one end of a wide local spread. Woburn, MA has the 6th lowest unemployment 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. |
|---|---|---|---|---|---|
| Woburn, MA | 41,946 | $112,968 #6/6 | 3.9%/yr #6/6 | 7.9% #6/6 | 0.506 #6/6 |
| Winchester, MA | 23,377 | $205,856 | 4.1%/yr | 3.8% | 0.478 |
| Burlington, MA | 26,309 | $147,216 | 5.9%/yr | 4.4% | 0.492 |
| Stoneham, MA | 23,334 | $117,780 | 4.4%/yr | 2.2% | 0.465 |
| Reading, MA | 25,603 | $163,864 | 5.1%/yr | 3.3% | 0.469 |
| Arlington, MA | 46,270 | $151,416 | 5.5%/yr | 2.9% | 0.450 |
Conclusion
Considering all these factors, Woburn, Massachusetts has an overall wealth index grade of A, making it somewhat better than Massachusetts, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Woburn, Massachusetts.
How Rich Is Woburn, Massachusetts?
Woburn 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 residents are much better off than the U.S. average. The median household income is $112,968, about 8% higher than the Massachusetts average of $104,336.
How fast is household income rising in Woburn, Massachusetts?
Between 2009 and 2024, the median household income in Woburn, Massachusetts rose 62%, from $69,733 to $112,968. Over the same years, income here outpaced Massachusetts as a whole: +62% against +61%.
What was the median household income in Woburn in 2023?
In 2023, the median household income in Woburn, Massachusetts was $109,417, up 4% from $105,630 in 2022. The Massachusetts median that year was $101,513.
What was the median household income in Woburn in 2020?
In 2020, the median household income in Woburn, Massachusetts was $94,638. By 2024 it had risen 19% to $112,968.
Is unemployment high in Woburn, Massachusetts?
Unemployment in Woburn, Massachusetts is 7.9%, well above the Massachusetts rate of 5.1%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Woburn, Massachusetts?
The Gini coefficient in Woburn is 0.506. 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 Woburn, Massachusetts?
Since 2009, the income gap between men and women in Woburn, Massachusetts has narrowed from about 23% to 22% in 2024. Over that period the gap was widest at 25% in 2010, and was narrowest at 15% in 2012. In dollar terms, the gap has widened by $7,198 since 2009.
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