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State economy

Massachusetts economy

Massachusetts's unemployment rate was 4.3% in September 2026, unchanged from the month before and 4.6% a year earlier. That ranks 35 of 51 (1 = lowest); the national rate was 4.1%. Employers had 3.71 million jobs on their payrolls in September 2026, a gain of 16,300 (+0.4%) from a year earlier. Home prices (FHFA index) were +3.2% from a year earlier in Q2 2026. Median household income was $118,500 in 2025.

4.3%
unemployment rate
September 2026
Unemployment rate4.3%Rank 35 of 51 (1 = lowest)
10-year range3.0–17.8%Low May 2019 · high Apr 2020
Nonfarm jobs3.71M+0.4% in a year · rank 25
Home prices (FHFA)+3.2%1-year change · Q2 2026 · 5-yr +42%
Median household income$118,5002025 · rank 1 of 51

Massachusetts: unemployment rate

Massachusetts unemployment rateLine chart from Jan 1, 2006 to Sep 1, 2026. Latest 4.3%; high 17.8% on Apr 1, 2020; low 3.0% on May 1, 2019.0%5%10%15%20%20082010201220142016201820202022202420264.3%High 17.8%Low 3.0%

Massachusetts: jobs, change from a year earlier

Massachusetts nonfarm jobs, 12-month changeLine chart from Jan 1, 2001 to Sep 1, 2026. Latest +0.4%; high +14.3% on Apr 1, 2021; low -17.6% on Apr 1, 2020.-20%-10%0%10%20%20052010201520202025+0.4%High +14.3%Low -17.6%

Massachusetts: home prices, change from a year earlier

Massachusetts FHFA house price index, 12-month changeLine chart from Jan 1, 2001 to Apr 1, 2026. Latest +3.2%; high +17.3% on Apr 1, 2022; low -6.1% on Jul 1, 2008.-10%-5%0%5%10%15%20%20052010201520202025+3.2%High +17.3%Low -6.1%

Massachusetts: median household income

Massachusetts median household incomeLine chart from Jul 1, 1984 to Jul 1, 2025. Latest $118,500; high $118,500 on Jul 1, 2025; low $26,960 on Jul 1, 1984.$20,000$40,000$60,000$80,000$100,000$120,0001990199520002005201020152020$118,500Low $26,960

Other states

AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming

Sources: U.S. Bureau of Labor Statistics (unemployment, nonfarm payrolls; seasonally adjusted), Federal Housing Finance Agency (all-transactions house price index), U.S. Census Bureau (median household income, current dollars), via FRED. US unemployment rate: 4.1% (October 2026).