Massachusetts
How America Moves · Massachusetts, United States · 2 mo ago
OTHR$25k–$50k/yrFull-time
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Analysis of state-to-state migration of people and income for Massachusetts, covering the 2022–2023 federal income tax filing years.
Key Statistics (2023)
- Cost of living: 8% above U.S. average (index: 108)
- Median home value: $525,800 (national: $303,400)
- Home price change (5 years): +45.3%
- Median rent: $1,687/month (national: $1,348)
- Homeownership rate: 63% (national: 65%)
- Unemployment rate: 3.5% (national: 3.6%)
- Median household income: $101,341 (national: $78,538)
- Median age: 40.0 years (national: 38.7)
Migration Overview (2022–2023)
- Net loss of tax-filing households: 16,921
- Net loss of individuals: 30,460 (4.4 per 1,000 residents)
- Net loss of adjusted gross income (AGI): $4.2B (nominal)
- Largest inflow: New York (10,479 households, $1B AGI)
- Largest outflow: Florida (12,159 households, $2.5B AGI)
Income Flow
- AGI moved in: $7.7B
- AGI moved out: $11.9B
- Net AGI loss: -$4.2B
Top Origin States (Inbound Migration)
- 1. New York: 10,479 households, $1B AGI
- 2. Florida: 8,058 households, $666.1M AGI
- 3. New Hampshire: 6,594 households, $557.6M AGI
- 4. California: 6,565 households, $825.5M AGI
- 5. Connecticut: 6,467 households, $556.4M AGI
Top Destination States (Outbound Migration)
- 1. Florida: 12,159 households, $2.5B AGI
- 2. New York: 11,027 households, $1.1B AGI
- 3. New Hampshire: 10,603 households, $1.4B AGI
- 4. California: 7,767 households, $903.2M AGI
- 5. Rhode Island: 6,510 households, $571.9M AGI
Migration by Income Bracket (Net Change)
- $1–$10k: +672 households, -$2.8M AGI
- $10k–$25k: +133 households, -$1.1M AGI
- $25k–$50k: +537 households, -$26.8M AGI
- $50k–$75k: +2,515 households, -$160.2M AGI
- $75k–$100k: +2,775 households, -$241.4M AGI
- $100k–$200k: +5,867 households, -$818.6M AGI
- $200k+: +3,965 households, -$2.9B AGI
Among the highest earners ($200k+), Massachusetts ranks #48 of 51 states for net household migration.
Historical Migration Trends (2012–2023)
- Net AGI loss: -$24.7B (nominal)
- Net people loss: -329,232
Demographics
- Median age: 40.0 years
- College degree (adults 25+): 47%
- Poverty rate: 10.0%
- Average commute: 29 minutes
- Broadband at home: 92% of households
- Race/ethnicity (share of residents):
- White: 68%
- Hispanic: 13%
- Black: 7%
- Asian: 7%
- Other: 6%
Housing
- Median home value: $525,800 (73% above U.S. median)
- Median rent: $1,687/month (25% above U.S. median)
- Homeownership rate: 63%
- Home-price appreciation (2022–2023): +7.7%
- Home-price appreciation (2018–2023): +45%
- New housing units authorized (2023): 13,214
- Single-family: 38%
- Multifamily: 62%
Economy
- Unemployment rate (2023): 3.5%
- Labor force: 3,824,146 (3,690,724 employed)
- Income per person: $89,947 (28% above U.S. average)
- Price parity: 107.7 (7.7% above U.S. average)
Goods Trade (2022)
- Shipped to other states: $232.6B (+40% since 2017)
- Received from other states: $189.1B (+24% since 2017)
- Net balance: +$43.4B
Top goods shipped out:
- Electronic/office equipment: $58.4B
- Pharmaceutical products: $52.6B
- Mixed freight: $22.0B
- Textiles/leather: $21.2B
- Precision instruments: $20.3B
Top goods received:
- Electronic/office equipment: $28.0B