Massachusetts Economic Overview
Key economic indicators for Massachusetts (MA). Population: 7,029,917.
Unemployment Rate
3.1%
Below national avg (~4.2%)
Median Annual Wage
$74,000
Source: Census ACS / BLS
Wage Growth (YoY)
+3.2%
Year-over-year change
Population
7.0M
Source: 2020 Census
About the Massachusetts Economy
Massachusetts has an unemployment rate of 3.1%, which is below the national average. The median annual wage is $74,000, with wages growing at 3.2% year-over-year. With a population of 7,029,917, Massachusetts is the a mid-size state economy in the U.S.