American Financial Services Association - Massachusetts
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American Financial Services Association

Massachusetts

Massachusetts

Massachusetts (MA)


Capital: Boston

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State Code

Facts & Statistics

STATE STATISTICS
Population 2023 7,001,339
Population 2022
6,981,974
Population 2021 6,989,690
Population 2020
6,893,574
Population 2019 6,894,883
Population 2018
6,902,149
Population 2017 6,863,246
Population 2016 6,826,022
Below Poverty 2022 10.4
Below Poverty 2021 10.4
Below Poverty 2020 9.8
Below Poverty 2019 9.4
Below Poverty 2018 8.7
Below Poverty 2017 10.5
Below Poverty 2016 10.4
Employment – Population Ratio 2022
65.8
Employment – Population Ratio 2021 65.2
Employment – Population Ratio 2020 65.9
Employment – Population Ratio 2019 65.8
Employment – Population Ratio 2018
65.3
Employment – Population Ratio 2017 63.7
Employment – Population Ratio 2016 62.6
Unemployed 2022 4.8
Unemployed 2021 7.1
Unemployed 2020 7.4
Unemployed 2019 3
Unemployed 2018 3.3
Unemployed 2017 3.8
Unemployed 2016 3.9
Foreclosure Rate 2024 1 in 2,268
Foreclosure Rate 2021 1 in 1,535
Foreclosure Rate 2018 1 of 2,396
Median Household Income 2021 86,556
Median Individual Income 2022 75,077
High School Graduation Rate 2022 90.1
High School Graduation Rate 2021 89.8
High School Graduation Rate 2020 89
High School Graduation Rate 2019 88
High School Graduation Rate 2018 87.8
Median Mortgage Payment 2021 2,323
GDP 2023 615.15 Billion
GDP 2022 604.34 Billion
GDP 2021 591.91 Billion
GDP 2020 556.12 Billion
GDP 2019 566.71 Billion
GDP 2018 549.26 Billion
STATE FACTS
In 1780, Massachusetts was the first state to write and adopt a constitution, which served as a model for the U.S. Constitution.
Boston built the first subway system in the United States in 1897.
Boston Common became the first public park in America in 1634 .

 

 

 

Government

ELECTED OFFICIALS
 Governor
Maura Healey (D)
Lieutenant Governor Kim Driscoll (D)
 Attorney General Andrea Campbell (D)
 Secretary of the Commonwealth Bill Galvin (D)
 State Senate Control D – 36; R – 4
 State House Control D – 132; R – 25; I – 1

 

Legislative Process

LEGISLATIVE DATES AND DEADLINES
Convenes January 1, 2025
Sine Die Adjournment November 19, 2025
Committee Action Deadlines N/A
Crossover Deadline None
Carryover from Previous Session No
Governor’s Signing Deadline (in session) 10 days
Governor’s Signing Deadline (after adjournment) 10 days
Veto Override 2/3 majority
Legislation Effective Date 90 days after enactment

 

Enforcement

No Recent AG Enforcement

Advocacy, Initiatives & Reports

Advocacy

Trade Associations

There are currently no partner industry associations in Massachusetts

Political Geography


Map of Legislative Districts
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County Map
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