Salary Overview for Massachusetts
The median individual income in Massachusetts is $48,050 per year, while the mean (average) individual income is $64,280. The median household income is $96,505.
Cost of Living Adjusted Salary
Massachusetts's cost of living index is 135 (national average = 100). This means the median salary of $48,050 in Massachusetts has the purchasing power of approximately $35,593 at the national average cost of living. The higher cost of living in Massachusetts means you need to earn more to maintain the same standard of living.
Minimum Wage in Massachusetts
The current minimum wage in Massachusetts is $15.00/hour, which equals approximately $31,200 per year for a full-time worker (40 hours/week, 52 weeks). See our complete Massachusetts minimum wage guide for tipped wages, scheduled increases, and more.
Top Employers in Massachusetts
- Mass General Brigham
- Harvard
- MIT
Major Industries in Massachusetts
- Biotech
- Technology
- Education
Tax Rates in Massachusetts
See the full tax breakdown including income tax, sales tax, property tax, and more on our Massachusetts tax rates page.
Calculate Your Take-Home Pay
Use our Salary Calculator to convert between hourly, weekly, monthly, and annual pay, and estimate your take-home pay in Massachusetts after federal and state taxes.