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Framingham, Massachusetts

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
72,399
Population
$107,419
Median Income
$627,300
Home Value
37.5
Median Age

Demographics

Framingham has a population of 72,399 with a median age of 37.5. Here is the racial and ethnic breakdown of the population:

White
52.5%
Hispanic
18.7%
Other
15.2%
Asian
7.8%
Black
5.8%
Demographic Value
Total Population72,399
Median Age37.5
White52.5%
Black or African American5.8%
Asian7.8%
Hispanic or Latino18.7%
Other / Two or More Races15.2%
Framingham, Massachusetts — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 52.5%Hispanic/Latino: 18.7%Other: 15.2%Asian: 7.8%Black: 5.8%72,399PopulationWhiteWhite52.5%Hispanic/LatinoHispanic/Latino18.7%OtherOther15.2%AsianAsian7.8%BlackBlack5.8%

Income & Economy

The median household income in Framingham is $107,419, which is 33.3% above the national median of $80,610. The per capita income is $53,991. The poverty rate is 10.4%.

$107,419
Median Household Income
$53,991
Per Capita Income
10.4%
Poverty Rate

Employment

The unemployment rate in Framingham is 3.4%, compared to the national rate of 4.1%.

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Education

In Framingham, 87.1% of residents age 25+ have a high school diploma or higher, and 48.7% hold a bachelor's degree or higher (20.2% with a graduate or professional degree).

HS Diploma+
87.1%
Bachelor's+
48.7%
Graduate+
20.2%
Education Level % of Adults (25+)
High School Diploma or Higher87.1%
Bachelor's Degree or Higher48.7%
Graduate or Professional Degree20.2%

Housing

The median home value in Framingham is $627,300, above the national median of $303,400. The median monthly rent is $2,033. The homeownership rate is 54.8%.

$627,300
Median Home Value
$2,033/mo
Median Rent
54.8%
Homeownership Rate
Housing Metric Value
Median Home Value$627,300
Median Monthly Rent$2,033
Homeownership Rate54.8%
Vacancy Rate4.0%

Salaries in Massachusetts

Explore salary data for popular occupations in Massachusetts:

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Other Cities in Massachusetts

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Frequently Asked Questions

What is the population of Framingham, Massachusetts?
The population of Framingham, Massachusetts is 72,399 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Framingham, Massachusetts?
The median household income in Framingham, Massachusetts is $107,419. This is 33.3% above the national median of $80,610.
What is the median home value in Framingham, Massachusetts?
The median home value in Framingham, Massachusetts is $627,300. The median monthly rent is $2,033.
What percentage of people in Framingham have a college degree?
In Framingham, Massachusetts, 48.7% of adults age 25 and older hold a bachelor's degree or higher, and 87.1% have a high school diploma or higher.
Is Framingham, Massachusetts an affordable place to live?
The home price-to-income ratio in Framingham, Massachusetts is 5.8x (median home value $627,300 vs. median income $107,419), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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