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Economic history of Massachusetts (4 C, 12 P) Housing in Massachusetts (2 C, 13 P) I. Infrastructure in Massachusetts (5 C) L. Labor relations in Massachusetts (3 C) S.
GDP per capita also varied widely throughout the United States in 2024, with New York ($117,332), Massachusetts ($110,561), and Washington (state) ($108,468) recording the three highest GDP per capita figures in the U.S., while Mississippi ($53,061), Arkansas ($60,276), and West Virginia ($60,783) recorded the three lowest GDP per capita ...
Massachusetts is also home to the urban core of Greater Boston, the largest metropolitan area in New England and a region profoundly influential upon American history, academia, and the research economy. [61] Massachusetts has a reputation for social and political progressivism; [62] becoming the only U.S. state with a right to shelter law, and ...
Map of locations by per capita income. Areas with higher levels of income are shaded darker. Massachusetts is the second wealthiest state in the United States of America, with a median household income of $89,026 (as of 2021), [1] and a per capita income of $48,617 (as of 2021). [2]
Massachusetts gateway cities are "midsize urban centers that anchor regional economies around the state", facing "stubborn social and economic challenges" while retaining "many assets with unrealized potential."
As of 2007, the inflation-adjusted combined Gross state products of the six states of New England was $763.7 billion, with Massachusetts ($365 billion) contributing the most, and Vermont ($25.4 billion) the least.
Massachusetts is the second-largest cranberry-producing (Vaccinium macrocarpon) state in the union after Wisconsin. [4] Agriculture in the state is served and represented by the Department of Agricultural Resources (MDAR). Fruit cultivation is an important part of the state's agricultural revenues. [5]
Massachusetts's industrial economy began to decline during the early 20th century, with the departure of several manufacturing companies. By the 1920s, competition from the South and Midwest, followed by the Great Depression, led to the collapse of the three main industries in Massachusetts: textiles, shoemaking, and precision mechanics. [2]