Medway Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for Medway, Massachusetts? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for Medway, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

The data on this page is from the 2022 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2022, the median household income in Medway is $165,614.00.

The chart below shows the average household income by age in Medway.

  • Under 25
    $0.00
  • 25 to 44
    $177,825.00
  • 45 to 64
    $207,656.00
  • 65 and over
    $78,583.00

Average Household Income

A very commonly asked question is "what is the average household income in Medway, Massachusetts?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in Medway is $197,508.00.

34.83% of households in Medway, Massachusetts are classed as high income households (making $200,000+ per year).

The difference between a median and an average income

The difference between a median and mean household income is that the median income is the middle point of the set of numbers whereas the mean income is an average of all numbers.

Both metrics are important when looking at the income statistics for Medway but because the median value doesn't depend on other numbers in the dataset, it doesn't change as much when some of the values are extremely low or extremely high.

Household Income Tiers for Medway

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for Medway, Massachusetts easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

  • Less than $24,999
    5.99%
  • $25,000 to $49,999
    7.84%
  • $50,000 to $74,999
    6.37%
  • $75,000 to $99,999
    9.47%
  • $100,000 to $149,999
    16.61%
  • $150,000 to $199,999
    18.88%
  • $200,000 or more
    34.83%

Per Capita Income

The per capita income is the average income of all people in Medway, Massachusetts. This is calculated by dividing the total income of all people in Medway by the total number of people in Medway.

It differs from the average or mean household income because it includes all people in Medway and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in Medway, Massachusetts is $70,494.00.

Population in Medway by Race and Ethnicity

The total population in Medway is currently 13,164 people.

The race and ethnicity of the population in Medway can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in Medway, Massachusetts.

  • 0.70% White
    89
  • 96.30% Black/African American
    12,671
  • 83.70% Native
    11,024
  • 5.50% Hispanic
    729
  • 1.50% Asian
    196
  • 0.10% Hawaiian/Pacific Islander
    11
  • 0.00% Two or more races
    0
  • 5.50% Other
    721

Population of Medway by Age and Gender

Another very important demographics statistic for Medway, Massachusetts is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Age Group Male Female
0 to 9 Years 733 914
10 to 19 Years 780 881
20 to 29 Years 697 974
30 to 39 Years 834 947
40 to 49 Years 642 745
50 to 59 Years 1,143 1,108
60 to 69 Years 782 753
70 Years and over 543 688

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in Medway, Massachusetts.

  • Master's degree or higher
    21.74%
  • Bachelor's degree
    51.72%
  • Some college or associate's degree
    7.21%
  • High school diploma or equivalent
    17.85%
  • Less than high school diploma
    1.48%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for Medway because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in Medway look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in Medway, Massachusetts that are over the age of 16.

The current population in Medway that are over the age of 16 is 10,596 people.

The unemployment rate in Medway is 3.00%, which means 229 people are unemployed.

Median Age in Medway

The median age is an interesting metric because it gives us an idea of the age distribution of people in Medway, Massachusetts. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in Medway is 39.2 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in Medway

39.2

Total

40.4

Male

38.1

Female

Households and Families

There are a total of 4,539 households in Medway, and the average household size is 2.87 people.

For families, the total number is 3,472, and the average family size is 3.28 people.

2.50% of those families in Medway, Massachusetts are living below the poverty line.

The table below shows the poverty thresholds for Medway in .

Household Size Poverty Threshold
1 Person $14,580.00
2 People $19,720.00
3 People $24,860.00
4 People $30,000.00
5 People $35,140.00
6 People $40,280.00
7 People $45,420.00
8 People $50,560.00

Please note that the poverty thresholds shown above are from , while the latest demographics data we have is from 2022.

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

  • Married-couple
  • Male householder, no spouse present
  • Female householder, no spouse present
  • Nonfamily household

In the table below, you can see the total households and families in Medway, Massachusetts for each type, as well as the average sizes.

Married Male Female Nonfamily
Total Households 3,031 141 300 1,067
Average Household Size 3.34 2.73 3.3 1.43
Total Families 3,031 141 300 0
Average Household Size 3.33 2.3 3.25 0

Housing Data in Medway

There are total of 4,598 housing units in Medway, Massachusetts. Of those units, 4,539 (98.72%) are occupied, and 59 (1.28%) are vacant.

Rental Rates

Of the 4,598 housing units in Medway, 580 (12.61%) are occupied by renters. The median rent paid by renters is $1,531.00.

Owner occupied housing units make up the remaining 85.73% of housing units, with 3,942 housing units in total.

The table below breaks down how much rent is paid by renters in Medway, Massachusetts.

  • No rent paid
    17
  • Less than $500
    96
  • $500 to $999
    10
  • $1,000 to $1,499
    168
  • $1,500 to $1,999
    260
  • $2,000 to $2,499
    10
  • $2,500 to $2,999
    17
  • $3,000 or more
    19

Property Values

The median value of a property in Medway is $546,700.00.

The table below breaks down the range of valuations for all properties in Medway.

  • Less than $50,000
    23
  • $50,000 to $99,999
    25
  • $100,000 to $149,999
    0
  • $150,000 to $199,999
    18
  • $200,000 to $299,999
    195
  • $300,000 to $499,999
    1,352
  • $500,000 to $999,999
    2,286
  • $1,000,000 or more
    43

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in Medway, Massachusetts.

  • 1939 or earlier
    916
  • 1940 to 1949
    62
  • 1950 to 1959
    525
  • 1960 to 1969
    537
  • 1970 to 1979
    423
  • 1980 to 1989
    826
  • 1990 to 1999
    905
  • 2000 to 2009
    218
  • 2010 to 2013
    176
  • 2014 or later
    10

Vehicles Available per Household

Finally, we have data on how many vehicles each household in Medway has. The table below breaks down the number of vehicles available per household.

  • No vehicles available
    220
  • 1 vehicle available
    635
  • 2 vehicles available
    2,357
  • 3 or more vehicles available
    1,327

Commuting to Work in Medway

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of Medway, Massachusetts, how they commute, and how that correlates to other data points.

The average travel time is 33.2 minutes, and the chart below covers the range of travel times across the population of Medway.

  • Less than 5 minutes
    157
  • 5 to 9 minutes
    544
  • 10 to 14 minutes
    722
  • 15 to 19 minutes
    607
  • 20 to 24 minutes
    461
  • 25 to 29 minutes
    336
  • 30 to 34 minutes
    785
  • 35 to 39 minutes
    335
  • 40 to 44 minutes
    249
  • 45 to 59 minutes
    816
  • 60 to 89 minutes
    724
  • 90 or more minutes
    321

We can also look at the means of transport in Medway to see which modes of transport people are using to commute to work.

  • Drove alone
    5,346
  • Carpooled
    421
  • Public transportation
    119
  • Walked
    103
  • Other means
    68
  • Worked from home
    1,233

Conclusion

Hopefully this article has given you the demographics data you were looking for in Medway, Massachusetts.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for Medway.

Link To or Reference This Page

We spent a lot of time downloading, cleaning, merging, and formatting the data that is shown on the site.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference Name Census as the source. We appreciate your support!

  • "Medway Average Income, Population and Demographics". NameCensus.com. Accessed on May 23, 2024. https://namecensus.com/demographics/massachusetts/norfolk-county/medway/.

  • "Medway Average Income, Population and Demographics". NameCensus.com, https://namecensus.com/demographics/massachusetts/norfolk-county/medway/. Accessed 23 May, 2024

  • Medway Average Income, Population and Demographics. NameCensus.com. Retrieved from https://namecensus.com/demographics/massachusetts/norfolk-county/medway/.