What Is The Richest Town In Massachusetts?

There is a consensus that Newton, Massachusetts is the wealthiest town in the Commonwealth of Massachusetts. Stacker.com has developed a list of the wealthiest towns in each of the 50 states in the United States, and Newton, Massachusetts is ranked number one on the list with a median family income of $151,068. (119.9 percent more than the U.S. median income).

What is the wealthiest towns in Massachusetts?

  1. The Ten Wealthiest Towns in the Commonwealth of Massachusetts Carlisle
  2. Sherborn.
  3. Sudbury.
  4. Wellesley.
  5. Winchester.
  6. Manchester-by-the-Sea.
  7. Lexington.
  8. Boxford. Boxford is a town that is around 8,000 people strong and is a suburb of Boston. It is located in Essex County.

Where do the rich live in Massachusetts?

Cities and Towns

Rank Municipality Population
1 Weston 11,261
2 Dover 6,279
3 Sherborn 4,301
4 Brookline 59,180

Where do rich people live near Boston?

The wealthiest communities in the Boston area

  1. Downtown. There is no other neighborhood in Boston that can compare to the historic significance of what is now known as Downtown.
  2. Waterfront. The neighborhood of Waterfront, which runs along Boston Harbor and is next to the Financial District, is one of the wealthiest parts of the city of Boston.
  3. Charlestown.
  4. The South End of Boston
  5. Back Bay.
  6. The Beacon Hill
  7. The North End
  8. West End

What is the richest county in Massachusetts?

It should come as no surprise that the wealthiest county in Massachusetts is Norfolk County, which includes such affluent communities as Brookline, Medfield, and Wellesley.

What is the wealthiest suburb of Boston?

#1-WESTON, located 20 miles west of Boston, with an annual income per capita of $105,000. POPULATION OF 12,000 Over the course of its history, WESTON has been home to a large number of prominent figures in the world of sports, as well as heads of law firms and investment companies.

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What is considered wealthy in Massachusetts?

According to the survey from Charles Schwab, inhabitants of Boston believe that having more than $2.5 million in assets is necessary to be called affluent. This week, Charles Schwab issued its 2018 Modern Wealth Index, which examines how people across the United States are handling their financial responsibilities and planning for the future with regard to their wealth.

What is the wealthiest town in New England?

New Canaan, Conn. In spite of this, New Canaan boasts the highest per capita income in the wealthiest county in the wealthiest state in the nation, coming in at $99,016.

Why is Massachusetts so rich?

Because of the high concentration of intelligent residents, Massachusetts enjoys a high standard of living. The state compensates for its lack of oil deposits, coal mines, and other natural resources by having schools that perform very well and a workforce that is well educated.

How many millionaires are there in Massachusetts?


Rank State Number of millionaire households
7 New Jersey 323,443
8 Virginia 272,103
9 Ohio 261,157
10 Massachusetts 254,201

Where do millionaires live in Boston?

Homebuyers and investors looking for luxury houses in Beacon Hill will find that the Flat Top and South Slope are the ideal areas to look. Here, they can anticipate historical living just a stone’s throw away from Downtown in one of the most desirable areas of Boston.

What is the wealthiest town on Cape Cod?

Chatham. The town of Chatham, which may be found on Cape Cod, seems like something out of a dream. Buyers and renters are interested in the town because it offers an upmarket way of life along with scenic vistas, charming businesses, and local cafés. In addition, the town is desirable because of its elite lifestyle.

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What is considered upper class in Massachusetts?

An income that is deemed to be upper class is often believed to be at least fifty percent more than the median income for households. Therefore, a salary of $100,000 or more places one in the upper class in the United States.

What is the richest state in America?

The U.S. states with the highest GDP

  1. The state of California. The most populated state in the country, California, also has the highest GDP of any state in the country at $3,120,386,000. The median income for a household in the state of California is $80,440, placing it sixth highest among the states in the United States
  2. Texas.
  3. City of New York
  4. Florida.
  5. Illinois

What is the poorest community in Massachusetts?

The typical income for a household in Hampden County is just $55,429. This is approximately $7,400 less than the median income for households in the United States, making Hampden County the most impoverished county in the state.

What are the poorest towns in Massachusetts?

  1. The following is a list of the top 10 most impoverished cities in Massachusetts: Brockton. Timothy Valentine / courtesy of Flickr. Per capita income: $21,942.
  2. Southbridge. Flickr/Doug Kerr
  3. Flickr/JON CF. Per capita income: $21, 579.
  4. It’s in North Adams. Flickr/Doug Kerr.
  5. River of the Fall Flickr/MOTT.
  6. This is New Bedford. Flickr/Henry Zbyszynski.
  7. Chelsea. Photograph by: C. Hanchey.
  8. Holyoke. Flickr/Doug Kerr

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