The average annual household income in Massachusetts is $119,494, while the median household income sits at $88,487 per year. Residents aged 25 to 44 earn $101,500, while those between 45 and 64 years old have a median wage of $105,221. In contrast, people younger than 25 and those older than 65 earn less, at $47,596 and $57,125, respectively.