Moving to Massachusetts in 2023? Complete Moving Guide

The average cost of renting a home or an apartment in Massachusetts is higher than the national average. However, more than 30% of Massachusetts residents are renters and about 1.4% of homes in the state are open to rent.

If you're contemplating moving to Massachusetts and renting a home, we've compiled key data about the state's housing market to help you get started.

• Average rent price in Massachusetts $2,189, US is $1,470
• Average cost of a studio Apartment is $1,139. The U.S. average is $821
• Average cost of a 1 Bedroom is $1,274. The U.S. average is $930
• Average cost of a 2 Bedroom is $1,580. The U.S. average is $1,148
• Average cost of a 3 Bedroom is $1,985. The U.S. average is $1,537
• Average cost of a 4 Bedroom is $2,167. The U.S. average is $1791

More than 65% of Massachusetts residents are homeowners. If you're contemplating moving to Massachusetts and buying a home, we've collated key data about the state's housing market to help you get started. Here's a simple analysis of Massachusetts housing market:

• The median home value in Massachusetts is $433,883
• Massachusetts home values have gone up by 3.3% over the past year
• Massachusetts home values are predicted to fall by 1.4% within the next year
• The median list price per square foot in Massachusetts is $269
• The median price of homes currently listed in Massachusetts is $464,900
• The median price of homes that sold is $404,500
• The median rent price in Massachusetts is $2,550
• In Massachusetts 1.1 homes are foreclosed (per 10,000). The US value is 1.2
• Delinquent mortgages in Massachusetts is 1.0%. The national value of 1.1%

Moving to Massachusetts could mean getting a new job and a new pay. How much will you most likely earn by moving to Massachusetts? We've collated significant data about incomes in Massachusetts and here they are:

• The median household income in Massachusetts is $77,378
• The average household income in Massachusetts is $106,627
• The per capita income in Massachusetts is $41,794
• High income households in Massachusetts (earning over $200,000 per year) is over 12%
• The minimum wage in Massachusetts is $12 per hour
• The average hourly rate in Massachusetts is $35 per hour

Massachusetts is home to several large companies making the unemployment rate in the state lower than the U.S. average. If you're mulling over moving to Massachusetts and getting a job, you'll most likely be interested in the largest companies in the state. Here are the 10 largest companies in Massachusetts:

• General Electric
• Raytheon Technologies
• Liberty Mutual Insurance Group
• TJX Companies
• Massachusetts Mutual Life Insurance
• Raytheon
• Thermo Fisher Scientific
• Biogen
• BJ's Wholesale Club
• State Street Corp

Which company should you work for if you're moving to Massachusetts? There are tons of great companies and organizations to work for in Massachusetts. While it's impossible to list every one of them, we've made a top 10 list here to help you get started.

Here's a list of the 10 best companies to work for in Massachusetts:

• Bain & Company
• Cabot Corporation
• The Boston Consulting Group
• The Raytheon Company
• Converse
• Kronos Incorporated
• Biogen Inc.
• The Boston Beer Company
• Cubist Pharmaceuticals
• Pegasystems Inc.

Massachusetts' economy is driven by many large industries including finance, manufacturing, and life sciences etc. Moving to Massachusetts could mean you'll end up with one of these industries. So, we've collated a list of the biggest industries in the state and here they are:

• Life Sciences
• Finance
• Information Technology
• Manufacturing
• Renewable Energy
• Biotechnology
• Marine trade
• Engineering
• Tourism
• Higher education

Massachusetts is home to 16 Fortune 500 companies and several others. If you're considering moving to Massachusetts, we've made a list of the ten biggest employers in the state. Here they are:

• Google
• Big Y World Class Market
• Massachusetts Institute of Technology
• Partners HealthCare System
• Boston Children's Hospital
• Harvard University
• Takeda Pharmaceutical
• SAP
• Wellforce - Tufts Medical Center
• Raytheon

Massachusetts has the highest number of educated residents in the United States. In fact, more than half of the people living in Massachusetts have an associate degree or higher.

If you're a recent college grad considering moving to Massachusetts, we've made a list of the 10 best jobs for recent college grads in the state to help you get started.

• Business Analyst
• Cytotechnologist
• Teacher
• Counselor
• Sales Manager
• Technician Writer
• Programmer
• Laboratory Technician
• Financial Advisor
• Database Administrator

If you're considering getting a new job after moving to Massachusetts, you'll most likely be interested in the unemployment rates in the state. The unemployment rate in Massachusetts is lower than the national average.

This means getting a job in Massachusetts is fairly easy. Here's a simple breakdown of Massachusetts job market:

Tip: When you’ve got a home to move in Massachusetts, getting the best moving quote will be your goal. Request moving company quotes to save on moving cost.

• The unemployment rate in Massachusetts is 3.4%. The U.S. average is 3.9%
• Massachusetts has witnessed a job market growth rate of 4.0% over the past year
• Massachusetts future job growth is predicted to hit 39.3% over the next 10 years
• The U.S. future job growth is expected to hit 33.5% in the next 10 years