With a population of 6,745,408, Massachusetts is 14th most populous state of the USA. Also known as The Old Colony, Massachusetts is ranked in the list of most densely populated states in the country. Boston is the capital as well as the largest city of Massachusetts. Most of the population of Massachusetts is located in the town of Natick. In New England, Massachusetts is the fastest growing state and it is the 25th fastest growing state in the USA.
In education, Massachusetts is one of the most advanced states in America. Two of the world’s highly ranked universities, Harvard University and Massachusetts Institute of Technology (also known as MIT), are located here.
Back in 2013, total gross state product of Massachusetts was US$446 billion. According to a survey of 2012, total per capita income of the state was $53,221 and had the 3rd highest per capita income in the United States.
Analysis showed that Massachusetts was ranked 5th in the list of CNBC’s Top States for Business in 2010. Tourism plays an important role in the economy of Massachusetts, with Boston and Cape Cod the most visited cities in the state.
In agriculture, Massachusetts is a large producer of tree nuts, tobacco, fruits and livestock. After Wisconsin, Massachusetts is the 2nd largest producer of cranberry. Farming is also a key factor in Massachusetts’s economy and the state contains almost 7,700 farms.
In terms of energy production and consumption, Massachusetts is quite high and almost 4.3 billion kilowatts/hour of energy was consumed by the residents in July 2011. Back in 2011, Massachusetts was named as one of the most energy efficient states.
The state of Massachusetts is considered as an economic leader in the field of the finance industry, manufacturing, maritime trade, defense industry, information technology and renewable energy.