Boston Stats

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Category: Output & Income (page 1 of 2)

Boston is America’s 5th Richest City

Incomes in the United States have been rising in recent years. The median household income rose to $59,039 last year, up 3.2% from 2015 and one of the highest incomes ever recorded. Poverty levels also declined, yet income inequality did not improve. So while there remain many poor communities, there are also plenty of extremely […]

Boston Among the Cities With the Lowest Poverty Rates

The U.S. Department of Health and Human Services set the poverty line for 2017 at an annual income of $12,060 for individuals and $24,600 for families of four. Despite numerous policies aimed at reducing or eliminating poverty — including President Lyndon Johnson’s war on poverty over half a century ago — an estimated 45.2 million […]

Massachusetts is America’s 4th Richest State

The U.S. Census Bureau released on Wednesday new data from its 2016 annual population survey — with largely positive findings. Most notable among the survey’s findings is the significant increase in U.S. median household income between 2014 and 2016 — more than in any two-year period on record. Not only did incomes go up nationwide, […]

Boston is America’s 9th Most Expensive Cities to Move

From Europeans heading west in the 19th century to immigrants searching for a fresh start, leaving home in pursuit of opportunity has long been a central part of the American dream. Today, cities and local areas across the United States are actually competing for new residents. Just 11.2% of Americans moved in the past year […]

Gender Pay Gap in Boston No Better Than Nation

The gender pay gap has narrowed substantially since the Equal Pay Act was signed in 1963. Still, the typical woman working full time in the United States earns $40,022 a year — or only about 80% of the median annual income for men working full time of $50,119. A study conducted by the Pew Research […]

Massachusetts More Dependent on Trade With Canada Than Most States

The United States Department of Commerce imposed on Monday a 20% import tax on softwood lumber from Canada. The measure is the latest indication of mounting economic tensions between the U.S. and its northern ally. In a press release, U.S. Secretary of Commerce Wilbur Ross said, “It has been a bad week for U.S.-Canada trade […]

8.3% of Electricity in Massachusetts Produced From Renewables

Climate change is widely viewed as one of the long-term events most threatening to the Earth and human life. Research shows that since the Industrial Revolution in the 1700s, changes in the Earth’s climate are due in part to human activity — specifically, the burning of fossil fuels and the emission of greenhouse gas. Fossil […]

Massachusetts is America’s 2nd Best State for Business

For 83 straight months, nearly seven years, the U.S. private sector has added jobs. Unemployment has steadily declined and remains close to a 10-year low. And with investors confident about the economy, the Dow Jones Industrial Average broke through the 20,000 mark early this year. By these and other key measures, business in the United […]

Roads in Massachusetts Are Among the Worst in America

In its most recent assessment, the American Society of Civil Engineers gave the United States a failing grade for its infrastructure. According to the group, $3.6 trillion would be needed to raise the standard of America’s roads to acceptable levels before 2020. To determine the states with the worst roads, 24/7 Wall St. reviewed statistics […]

Poverty Is Worse Than You Think in Massachusetts

The official poverty rate has been criticized for decades. Based on traditional poverty measures, an estimated 45.7 million Americans live in poverty. However, when taxes, medical bills, and other expenses as well as benefits and assistance programs are accounted for the figure rises to about 47.8 million. This difference of 2.1 million Americans living above […]

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