Holyoke is a city in Massachusetts state in USA with a population of 40161 residents.. The poverty rate of Holyoke is 27.5%, which is 96% higher than national average. The typical household in Holyoke earns $42537 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 9 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 57% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Holyoke, only 79% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Holyoke remained 7.1%, which is 51% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Holyoke, only 22% of adults have a bachelor's degree and 25% have some college but no degree.

Cost of living in Holyoke is 109, which is 9% higher than national average. Median home value in Holyoke is $197700 , which is 14% lower than national average. While median income in Holyoke remained $42537, which is 37% lower than national average.