State Ledger
State profile

Massachusetts FIPS 25

Population
6,991,852
Median household income
$89,026
Nonfarm employment
3,738,500
Business establishments
183,767

State Highlights

Largest employer sector
Health care and social assistance
618,482 employees
Business concentration
17.7%
of private employment in Health care and social assistance
Home prices, 1 year
+3.2%
FHFA
Federal outlays per capita
$10,976.32
USASpending.gov

Economy & Labor

Total nonfarm employment

BLS Current Employment Statistics, not seasonally adjusted · persons · 20 months available · latest observation: August 2026
Employment ratio
54.5%
employed ÷ population
Unemployed population (ACS)
209,959
Vs. July
▼ 28,800
Business density
26.8 per 1,000
establishments per capita

Leading Industries

Leading industries by employment

Ranked by private-sector employment, same measure as the Business & Industry tab · see the full breakdown there
1 Health care and social assistance 618,482 employees
2 Professional, scientific, and technical services 369,685 employees
3 Retail trade 357,807 employees
4 Accommodation and food services 307,708 employees
5 Manufacturing 234,190 employees

Leading Public Companies

Top 5 by latest reported revenue

SEC EDGAR / XBRL Company Facts · see the full listing on the Public Companies tab
Measuring & Controlling Devices, NEC
$38.07B
Electronic & Other Electrical Equipment (No Computer Equip)
Retail-Variety Stores
$20.07B
Surgical & Medical Instruments & Apparatus
$18.56B
Wholesale-Petroleum Bulk Stations & Terminals

Population & People

Homeownership rate
62.4%
1.69M of 2.71M occupied homes are owner-occupied

Population by age

U.S. Census Bureau, ACS 5-year estimate (table B01001) · reconciles to total population
0–17
1.39M · 19.9%
18–24
699.3K · 10.0%
25–34
990.6K · 14.2%
35–44
873.4K · 12.5%
45–54
919.4K · 13.2%
55–64
963.4K · 13.8%
65–74
682.9K · 9.8%
75+
473.1K · 6.8%

Housing & Real Estate

Median home value
$424,700
Median gross rent
$1,429 / month
Vacancy rate
8.9%
Total housing units
2.98M
Owner-occupied homes
1.69M
Renter-occupied homes
1.02M
Home prices, 1 year
+3.2%
Home prices, 5 years
+41.9%
Latest FHFA period
2026 Q2

ACS: 2021 ACS 5-year · FHFA: 2026 Q2

ACS housing estimates from the U.S. Census Bureau — median home value reflects owner-reported value, not a current sale price. House-price changes are from the FHFA All-Transactions House Price Index, a measure of price appreciation over time, not a home-value estimate.

Federal Spending

Total federal outlays
$75.30B
Outlays per capita
$10,976.32
Total prime award value
$94.56B

Source: USASpending.gov · specific reporting period not published in this dataset