The median household income in Tewksbury, Massachusetts, is $125,966.
Understanding Income in Tewksbury, MA
Based on recent data, Tewksbury, MA, boasts a robust economic profile as reflected in its median household income. This figure represents the midpoint of all household incomes in the town, meaning half of the households earn more and half earn less than this amount. This particular data point reflects income in 2023 dollars, covering the period from 2019-2023, providing a current snapshot of the financial landscape for residents.
To give a comprehensive view, here's a breakdown of key economic indicators for Tewksbury:
| Indicator | Value |
|---|---|
| Median household income (in 2023 dollars), 2019-2023 | $125,966 |
| Per capita income in past 12 months (in 2023 dollars), 2019-2023 | $55,423 |
| Persons in poverty, percent | 3.0% |
Key Income Metrics
- Median Household Income: At $125,966, this figure highlights the overall prosperity of households in Tewksbury. It's a key metric for understanding the economic well-being of a community.
- Per Capita Income: The per capita income, which is $55,423, represents the average income per person, including all adults and children. This can provide insight into the average individual's earnings potential within the town.
- Poverty Rate: With only 3.0% of persons in poverty, Tewksbury exhibits a very low poverty rate, suggesting a generally high standard of living and strong economic stability for its residents.
For more detailed demographic and economic information, you can refer to official data sources such as the U.S. Census Bureau.
