Massachusetts is the most populated state in New England with a significant share of the population concentrated near Boston, which is the 9th largest city in the United States. Massachusetts is known for its many higher educational institutions. Both Harvard and MIT are located in Massachusetts.
Massachusetts has a few major sports teams including the Red Sox, Patriots, Celtics and Bruins, whose combined annual revenue is estimated to exceed 1.5 billion dollars. In addition, the state is home to Cape Cod, Martha's Vineyard and the Berkshire mountains, which receive a significant number of tourists each year.
Income
Households in the state of Massachusetts earn significantly more money than the national median income, averaging 28% higher per household.
Housing
Massachusetts has a median house price of $385,400. The cost of homeownership is higher than most states. The cost of renting in Massachusetts is 19% more than the national average.
|
| Percent
| Ranking
|
| Renter Occupied Households |
38% |
7th |
| New Construction (Built after 2000) |
11% |
47th |
Demographics
The median age in the state is 40. The age of the general population in Massachusetts is comparable with other US states.
Massachusetts ranks in the highest of the nation for having an educated population. The state has significantly more college graduates per resident than most states.
