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In the years between 2012 and 2024, the rise in the median gross rent in Massachusetts rose nearly 30% faster than the median household income did across the Commonwealth. [4] Massachusetts has one of the lowest rates of new housing production anywhere in the country. [4]
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]
A study by the National Low Income Housing Coalition rated Massachusetts as being the least affordable state in which to rent an apartment in 2003. [6] Despite the law, fewer new affordable housing units are built in Massachusetts compared to the state's needs. The state government as a policy works toward increasing the supply of inexpensive ...
The federal government has approved two rounds of rental assistance, worth more than $46 billion total, that is slowly making its way to renters. ... In general the aid can help pay for back rent ...
For example, if a tenant has a base rent of $1,000 per month, and a percentage rent of 5% of income on an annualized basis, then the natural breakpoint is (12 x 1,000) / 5% = $240,000. That means the tenant will pay only base rent until they have an annual income greater than $240,000, although they may agree to some other breakpoint value as ...
The Massachusetts Miracle was a period of economic growth in Massachusetts during most of the 1980s. Before then, the state had been hit hard by deindustrialization and resulting unemployment . During the Miracle, the unemployment rate fell from more than 12% in 1975 to less than 3%, which was accompanied by tax reductions and a drastic ...
This is a diffused parent category for categories in Category:Census-designated places in Massachusetts by county and Category:Villages in Massachusetts by county. It should not hold pages that belong in the county-level categories, but may hold other pages such as lists.
Massachusetts is known for its progressive politics, and is a stronghold of American Liberalism and the Democratic Party. In a 2018 Gallup poll Massachusetts was the state with the highest percentage of its population identifying as liberal and the lowest percentage identifying as conservative, at 35% and 21% respectively. [ 19 ]