New Federal Reserve Study Reveals Deep Wealth Divides Across Massachusetts

What's in your wallet?

According to the Federal Reserve Bank of Boston (FRBB), "A detailed survey of net wealth in Massachusetts has found an estimated median family net wealth of $374,000 and higher median wealth among those with more education, homeowners, those 65 or older, rural residents, and in White and Asian families."

The "Family Wealth in Massachusetts" report, published by the Federal Reserve Bank of Boston, presents findings of the 2025 Massachusetts Economic Conditions and Household Opportunity Survey, or Mass ECHOS.

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FRBB said the report "examines family wealth statewide, including among various geographies and population subsets," as well as "which families have sufficient wealth to handle routine but potentially difficult expenses like car repairs or moving."

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"More than a third of families said they could not pay an unexpected $400 expense with the resources they had on hand," according to the report.

The Average Massachusetts Family Was Worth About $374,000 In 2025

Demographics, Education, and the Wealth Gap

The study found that families with less than a high school education had an average net wealth of $1,100. Those with no more than a high school diploma or GED had a family net worth of about $11,000.

Renters, on average, reported a net family worth of $1,500, Hispanic families, $1,200, and Black families, $7,800.

White families had an estimated median net wealth of $549,200 compared to $305,000 for Asian American, Native Hawaiian, and Pacific Islander families living in Massachusetts.

According to State House News Service, "The report found the estimated median family net wealth was $374,000, but the 25th percentile was just $10,000."

"That means a quarter of the Commonwealth's population had wealth at or below $10,000. Meanwhile, the 75th percentile was $109 million," SHNS reported.