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Economy, jobs and prices in Boston, Massachusetts: official figures

The median household income in Boston was $97,344 a year in the 2020-2024 American Community Survey (in 2024 dollars), 251st highest of 823 US cities of 50,000 or more; the US median was $80,734 and the Massachusetts median $103,960.

Median household income
$97,344
2020-2024
Unemployment rate (ACS)
6.1%
2020-2024
Mean travel time to work
30.3 min
2020-2024
Median gross rent (monthly)
$2,147
2020-2024
Median home value (owner-occupied)
$731,700
2020-2024
Homes occupied by their owners
35.7%
2020-2024
Households with a broadband subscription
92.0%
2020-2024

What is the per capita income in Boston?

Income per resident (per capita income) in Boston averaged $61,698 a year in 2020-2024, 100th highest of 823 US cities of 50,000 or more (US: $44,673; Massachusetts: $57,897).

Source: U.S. Census Bureau · saved copy

How unequal are incomes in Boston?

Boston's Gini index of household income inequality was 0.531 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 30th most unequal of 823 US cities of 50,000 or more; the US figure was 0.483.

Source: U.S. Census Bureau · saved copy

What is the unemployment rate in Boston, Massachusetts?

6.1% of the civilian labor force in Boston was unemployed on average over 2020-2024 (24,547 people), 250th highest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and Massachusetts' 5.2%.

Source: U.S. Census Bureau · saved copy

What share of people in Boston are working?

70.0% of Boston's 575,894 residents aged 16 and over were in the labor force (working or looking for work) in 2020-2024, 156th highest of 823 US cities of 50,000 or more (US: 63.5%).

Source: U.S. Census Bureau · saved copy

How many people in Boston have jobs?

377,807 residents of Boston held civilian jobs, 65.6% of those aged 16 and over (US: 59.7%), and 489 served in the armed forces.

Source: U.S. Census Bureau · saved copy

What are the main industries in Boston?

The largest industry group for working residents of Boston was education, health care and social assistance (31.6% of employed residents), followed by professional, scientific, management and administrative services (19.6%) and finance, insurance and real estate (9.0%), 2020-2024.

Source: U.S. Census Bureau · saved copy

How many people in Boston work in manufacturing?

Manufacturing employed 5.3% of working residents of Boston, 103rd lowest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 19.6% (US: 12.6%).

Source: U.S. Census Bureau · saved copy

How long is the commute in Boston, Massachusetts?

Commuters in Boston took 30.3 minutes on average to get to work in 2020-2024, 140th longest of 823 US cities of 50,000 or more (US: 26.4 minutes); 10.8% travelled an hour or more and 14.9% less than 15 minutes.

Source: U.S. Census Bureau · saved copy

How do people in Boston get to work?

21.3% of workers living in Boston worked from home in 2020-2024, 173rd highest of 823 US cities of 50,000 or more (US: 15.1%). 32.9% drove to work alone, 5.2% carpooled, 22.6% used public transport and 13.4% walked.

Source: U.S. Census Bureau · saved copy

What is the average rent in Boston, Massachusetts?

The median gross rent (rent plus utilities) in Boston was $2,147 a month in 2020-2024, 120th highest of 823 US cities of 50,000 or more (US: $1,413; Massachusetts: $1,762).

Source: U.S. Census Bureau · saved copy

How much does a house cost in Boston?

Owner-occupied homes in Boston had a median value of $731,700 in 2020-2024 as estimated by their owners, 112th highest of 823 US cities of 50,000 or more (US: $332,700; Massachusetts: $562,100).

Source: U.S. Census Bureau · saved copy

How affordable are homes in Boston?

The median home value in Boston was 7.5 times the median household income, 98th highest of 823 US cities of 50,000 or more (US: 4.1 times).

Source: U.S. Census Bureau · saved copy

What share of people in Boston, Massachusetts own their home?

35.7% of the 283,374 occupied homes in Boston were lived in by their owners in 2020-2024 and 182,208 were rented, 30th lowest of 823 US cities of 50,000 or more for home ownership (US: 65.2%; Massachusetts: 62.5%).

Source: U.S. Census Bureau · saved copy

What share of homes in Boston have broadband?

92.0% of households in Boston had a broadband internet subscription of some type in 2020-2024, 364th lowest of 823 US cities of 50,000 or more (US: 91.0%; Massachusetts: 92.8%).

Source: U.S. Census Bureau · saved copy

How many households in Boston have no internet?

5.7% of households in Boston (16,065) had no internet access at home in 2020-2024, 320th highest of 823 US cities of 50,000 or more (US: 6.5%); 9.4% relied on a cellular data plan alone (US: 11.5%).

Source: U.S. Census Bureau · saved copy

How Boston compares with other cities in the United States

Median household income (2024 dollars) (2020-2024)

Boston ranks 251 of 823, highest first.

RankCityMedian household income (2024 dollars)
248Jurupa Valley$97,550
249Schaumburg$97,514
250Antioch$97,465
251Boston$97,344
252North Richland Hills$97,305
253Whittier$97,201
254Hendersonville$97,200
Source: U.S. Census Bureau · saved copy

Per capita income (2024 dollars) (2020-2024)

Boston ranks 100 of 823, highest first.

RankCityPer capita income (2024 dollars)
97Grapevine$61,797
98Franklin$61,761
99Oakland$61,757
100Boston$61,698
101Bowie$61,564
102Norwalk$61,397
103Westfield$61,257
Source: U.S. Census Bureau · saved copy

Gini index of household income inequality (2020-2024)

Boston ranks 30 of 823, highest first.

RankCityGini index of household income inequality
27Delray Beach0.535
28Gainesville0.533
29San Luis Obispo0.532
30Boston0.531
31New Rochelle0.529
32Edina0.529
33Lake Charles0.527
Source: U.S. Census Bureau · saved copy

Unemployment rate (share of civilian labor force) (2020-2024)

Boston ranks 250 of 823, highest first.

RankCityUnemployment rate (share of civilian labor force)
247Elgin6.1%
248San Bernardino6.1%
249Casa Grande6.1%
250Boston6.1%
251San Francisco6.1%
252Tulsa6.1%
253Racine6.1%
Source: U.S. Census Bureau · saved copy

Labor force participation rate (16 and over) (2020-2024)

Boston ranks 156 of 823, highest first.

RankCityLabor force participation rate (16 and over)
153St. Paul70.0%
154Beaverton70.0%
155West New York70.0%
156Boston70.0%
157Millcreek69.9%
158Flower Mound69.9%
159Eau Claire69.9%
Source: U.S. Census Bureau · saved copy

Mean travel time to work (minutes) (2020-2024)

Boston ranks 140 of 823, highest first.

RankCityMean travel time to work (minutes)
137Pembroke Pines30.4
138Fremont30.3
139Pico Rivera30.3
140Boston30.3
141Lynwood30.3
142Alhambra30.3
143Surprise30.2
Source: U.S. Census Bureau · saved copy

Workers who worked from home (2020-2024)

Boston ranks 173 of 823, highest first.

RankCityWorkers who worked from home
170Westfield21.4%
171Collierville21.4%
172Shawnee21.4%
173Boston21.3%
174Glendale21.2%
175San Diego21.2%
176Elk Grove21.2%
Source: U.S. Census Bureau · saved copy

Workers commuting by public transportation (2020-2024)

Boston ranks 8 of 823, highest first.

RankCityWorkers commuting by public transportation
5Jersey City36.1%
6Mount Vernon25.8%
7Yonkers23.1%
8Boston22.6%
9Revere21.8%
10East Orange20.3%
11Washington20.3%
Source: U.S. Census Bureau · saved copy

Employed residents working in manufacturing (2020-2024)

Boston ranks 721 of 823, highest first.

RankCityEmployed residents working in manufacturing
718Lubbock5.3%
719Midwest City5.3%
720Jacksonville5.3%
721Boston5.3%
722Stonecrest5.3%
723Hempstead5.3%
724Wilmington5.3%
Source: U.S. Census Bureau · saved copy

Employed residents in education, health care and social assistance (2020-2024)

Boston ranks 45 of 823, highest first.

RankCityEmployed residents in education, health care and social assistance
42Yonkers32.1%
43Brownsville31.7%
44Harlingen31.7%
45Boston31.6%
46Madison31.6%
47Baltimore31.6%
48Eugene31.5%
Source: U.S. Census Bureau · saved copy

Median gross rent per month (2020-2024)

Boston ranks 120 of 823, highest first.

RankCityMedian gross rent per month
117Mount Pleasant$2,159
118Santa Rosa$2,152
119Centennial$2,148
120Boston$2,147
121Roseville$2,142
122Sunrise$2,140
123Moreno Valley$2,135
Source: U.S. Census Bureau · saved copy

Median value of owner-occupied homes (2020-2024)

Boston ranks 112 of 823, highest first.

RankCityMedian value of owner-occupied homes
109Upland$739,400
110Washington$737,100
111Alexandria$735,100
112Boston$731,700
113Santee$727,200
114Boca Raton$722,700
115Bend$718,400
Source: U.S. Census Bureau · saved copy

Median home value as a multiple of median household income (2020-2024)

Boston ranks 95 of 820, highest first.

RankCityMedian home value as a multiple of median household income
92Seattle7.6x
93Hayward7.5x
94Baldwin Park7.5x
95Boston7.5x
96Pomona7.5x
97Bend7.5x
98Mission Viejo7.4x
Source: U.S. Census Bureau · saved copy

Occupied homes lived in by their owners (2020-2024)

Boston ranks 794 of 823, highest first.

RankCityOccupied homes lived in by their owners
791Inglewood36.2%
792Bayonne36.2%
793Los Angeles36.0%
794Boston35.7%
795Perth Amboy35.4%
796College Station35.4%
797Fall River35.3%
Source: U.S. Census Bureau · saved copy

Households with a broadband subscription (2020-2024)

Boston ranks 460 of 823, highest first.

RankCityHouseholds with a broadband subscription
457Manhattan92.1%
458Modesto92.1%
459Kissimmee92.0%
460Boston92.0%
461Oklahoma City92.0%
462Abilene92.0%
463Lodi92.0%
Source: U.S. Census Bureau · saved copy

Households with no internet access (2020-2024)

Boston ranks 320 of 823, highest first.

RankCityHouseholds with no internet access
317Cheyenne5.7%
318Sarasota5.7%
319Inglewood5.7%
320Boston5.7%
321Lebanon5.7%
322Tinley Park5.7%
323Jersey City5.6%
Source: U.S. Census Bureau · saved copy

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Sources

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