Stoneham, MA
Population 22,986 · Massachusetts
About Stoneham, MA
Stoneham is a mid-sized city located in Massachusetts with a population of 22,986 residents according to the latest US Census Bureau American Community Survey data. The median household income is $112,635 per year, which is 50% above the national median of $75,149. The median age of 42.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Stoneham features a median home value of $629,000, which is 157% above the national median of $244,900. This places Stoneham in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,878, 61% above the national average of $1,163/month. Of the 9,832 total housing units, 71% are owner-occupied (6,769 units) and 29% are renter-occupied (2,751 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Stoneham shows an unemployment rate of 3.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Stoneham have an average one-way commute time of 28.9 minutes.
Education & Demographics
54.0% of Stoneham residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.6% White, 0.9% Hispanic or Latino, 1.2% Black or African American, and 2.9% Asian residents, with 12.7% of the population being foreign-born.
How Stoneham Ranks in Massachusetts
Cost of Living in Stoneham, MA
Compared to national averages, Stoneham has a median household income of $112,635 (50% above the national median of $75,149). Home values average $629,000, which is 157% above the national median. Monthly rent at $1,878 is 61% above the US average of $1,163. Within Massachusetts, Stoneham's income is 7% above the state average of $105,630, and home values are 12% above the state median of $561,296.
Why Live in Stoneham, MA?
Stoneham offers a strong local economy with a median household income of $112,635, well above the national average, and a strong job market with an unemployment rate of just 3.1%, and a well-educated community where 54.0% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.6%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $629,000. However, Stoneham’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Stoneham has a population of 22,986 with a median age of 42.2 years. Compare Stoneham with other cities to see how it stacks up, or explore all cities in Massachusetts.
Similar Cities Near Stoneham
Cities in Massachusetts with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Winchester | 22,862 | $218,176 | $1,181,700 | Compare |
| Wilmington | 23,195 | $161,473 | $646,200 | Compare |
| Gardner | 21,075 | $62,948 | $271,300 | Compare |
| Dedham | 25,109 | $124,375 | $630,400 | Compare |
| Reading | 25,448 | $163,725 | $741,100 | Compare |
| Marblehead | 20,334 | $165,859 | $906,200 | Compare |
| Burlington | 26,223 | $142,207 | $679,400 | Compare |
| Belmont | 27,009 | $178,188 | $1,108,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Massachusetts
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Stoneham With Other Cities
Frequently Asked Questions about Stoneham
What is the population of Stoneham, MA?
The population of Stoneham, MA is 22,986 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Massachusetts.
What is the median household income in Stoneham?
The median household income in Stoneham, MA is $112,635 per year, which is 50% above the national median of $75,149.
What is the median home value in Stoneham?
The median home value in Stoneham, MA is $629,000, which is 157% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Stoneham?
The median monthly rent in Stoneham, MA is $1,878, which is 61% above the national average of $1,163/month.
What is the unemployment rate in Stoneham?
The unemployment rate in Stoneham, MA is 3.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Stoneham, MA a good place to live?
Stoneham offers above-average incomes, a competitive housing market, and a strong job market. With a population of 22,986 and a median age of 42.2, the city appeals to a broad range of residents.
How educated is Stoneham, MA?
54.0% of residents in Stoneham aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Stoneham?
Key cost-of-living indicators for Stoneham, MA: median home value is $629,000 (157% above national), median rent is $1,878/month, and median household income is $112,635. The home-value-to-income ratio is 5.6x, a moderate figure by national standards.
What is the poverty rate in Stoneham?
The poverty rate in Stoneham, MA is 4.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Stoneham, MA?
Stoneham's population is 0.6% White, 0.9% Hispanic or Latino, 1.2% Black or African American, 2.9% Asian, and 0.8% two or more races. 12.7% of residents are foreign-born.