Framingham, Massachusetts Median Income

Framingham, Massachusetts has a population of 72,900, with a median household income of $94,000.

Current median income data for Framingham.

$94,000

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Population

72,900

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Median Income

$94,000

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Unemployment

4.70%

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Housing Price

$520,000

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Crime Rate

3.50

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Internet Speed

296.00 Mbps

Framingham is a smaller urban community located in Massachusetts. The city has a population that is above the average city population in Massachusetts, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Framingham, located in Massachusetts, is a city that reflects important demographic and economic patterns within the region.

Population Overview

Framingham has a population of 72,900, which is higher than the state average. This indicates a relatively larger urban presence within Massachusetts.

Income and Economy

The median household income in Framingham is $94,000, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Framingham is about $520,000, making it relatively affordable compared to many cities in Massachusetts.

Employment and Safety

The unemployment rate in Framingham is 4.70%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Framingham are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Massachusetts, Framingham shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Framingham offers a balanced mix of economic conditions, population trends, and housing opportunities within Massachusetts.

Frequently Asked Questions about Framingham

What is the population of Framingham?

The population of Framingham is approximately 72,900.

Is Framingham a good place to live?

Framingham offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Framingham?

The median household income in Framingham is around $94,000.

How expensive is housing in Framingham?

The average housing price in Framingham is approximately $520,000.