Massachusetts is a state located in the New England region of the United States. It is bordered by Rhode Island to the east, Connecticut to the west, New York to the north, and Vermont to the south. Massachusetts is one of the most populous states with over 6 million people, it has approximately 70% of its population living in greater Boston. This means that if you live there and have children then it’s imperative you get an education from a good university close by so that you can have access to medical facilities and hospitals if needed. In this post we will list out our top 5 richest town in Massachusetts based on average income per capita as well as median household income.
Dover is the richest town in Massachusetts and second wealthiest in New England. With a median household income of $147,874, Dover is among the top 10 towns across the state. The median home value in Dover is $723,400—the highest in Massachusetts and third highest for all cities with populations over 20,000 residents.
Dover is also home to the highest concentration of millionaires in Massachusetts, with a millionaire ratio of 5.3%. The town has seen an increase in its number of residents earning $200,000 or more annually—increasing from 1,056 in 2010 to 1,397 in 2017.
Sherborn is a town in Middlesex County, Massachusetts, United States. The population was 6,963 at the 2010 census. The town has two villages, South Sherborn and East Sherborn. South Sherborn is a census-designated place (CDP) in the town of Sherborn, Massachusetts, United States. The population was 8,856 at the 2010 census. East Sherborn is an unincorporated village in the town of Sherborn, Middlesex County, Massachusetts. It is located along the Assabet River near Route 9 and Route 126.
The area is home to a number of small businesses, including the Village Farm Market, a local grocery store that also serves as a post office. In addition, many residents hold jobs in nearby towns such as Natick and Framingham.
The village is also home to a number of small businesses, including the Village Farm Market and Post Office.
Weston is one of the richest towns in Massachusetts, with an average household income of $250,000 and an average home price of $1.5 million. The town’s median age is 44 years old, which means that most people have been there for more than half their lives and have established roots in their community.
The town has a vibrant culture and is home to many artists and writers. It’s also the site of one of America’s oldest continually operating libraries, which has served as a cultural center for over two centuries. The town is home to many beautiful parks and recreational areas, including a large nature preserve with hiking trails and views of the Boston skyline.
Wellesley is the fourth-richest town in Massachusetts, with an estimated median household income of $111,679. It’s also home to Wellesley College and Babson College, two top-tier schools that attract students from all over the world.
Wellesley has a population of 28,721 people and was founded in 1634 by Reverend Eleazar Wheelock who established it as part of his mission for converting Native Americans into Christians. The town was named after his wife Elizabeth Wellesly (née Dudley).
Wellesley is a commuter town, with most of the people living there working in Boston. It’s also home to several military bases and training facilities, including the Massachusetts National Guard headquarters and Camp Curtis Guild.
Winchester is the wealthiest town in Massachusetts. It’s also the oldest, having been settled by Puritans as part of their migration to New England. Winchester was originally founded in 1634 as Wintoneam (“Win town”) and renamed “Winchester” after King William III granted it his royal assent on May 6, 1694.
The population of Winchester increased from 1,607 people in 1765 to 5,000 people by 1800 due to its role as a transportation hub for shipping goods between Boston and New York City via canal routes along the Connecticut River Valley route through Connecticut State Route 14 (Route 44). This passes through north-central Massachusetts from Sturbridge into Northampton County before continuing south into Rhode Island near Providence County. From there, it terminates at Point Judith State Park during low tide season when no boats can travel over shallow waters. This is because there is too much water pressure which makes it difficult for boats with engines running full strength. So, unless you’re an expert sailor then this might not be suitable place for you!
Wayland is the fourth wealthiest town in Massachusetts. It has a population of 10,837 and an average household income of $205,073. The median home value is $4,000,000 and the unemployment rate is 4%.
Wayland was named after its founder John Brooks Wayland (1773-1841), who built mills to grind grain into flour for his family’s bakery business. Wayland was first settled in 1660, but the town was not incorporated until 1795. The Wayland family played an important role in the development of this area, as many of their mills were built along the Sudbury River and Merrimack River.
Sudbury is the wealthiest town in Massachusetts and one of the most populous in Middlesex County. It’s also known for its historic sites, including the Old Burying Ground and the Sudbury Center Historic District. The town was first settled by English colonists in 1630 and incorporated as a separate municipality in 1741. In 1879-80, it was named after Sudbury, Suffolk County (Massachusetts) where many early settlers were from.
Sudbury is known for its historic sites, including the Old Burying Ground and the Sudbury Center Historic District. The town was first settled by English colonists in 1630 and incorporated as a separate municipality in 1741. In 1879-80, it was named after Sudbury, Suffolk County (Massachusetts) where many early settlers were from.
If you’re looking for the wealthiest town in Massachusetts, Lincoln is your best bet. With a median household income of $150,000 and a median home value of $1.4 million, this idyllic community offers plenty of opportunity to make money.
The town’s population has grown steadily over the years (in fact it was one of the fastest-growing towns in our analysis) but its current size doesn’t come close to matching its highs: In 1960 there were only 506 residents—now there are 1,800!
Concord is the second wealthiest town in Massachusetts, with a median household income of $122,293. It’s home to the Concord Museum and Walden Pond. In addition, Concord hosts the annual Concord Colloquium and was named one of America’s most beautiful cities by Forbes magazine.
Concord is also home to the Concord Coalition, an organization dedicated to educating people about fiscal responsibility and promoting responsible government spending practices at both state and national levels.
Newton is a city in Middlesex County, Massachusetts, United States. As of the 2010 census, it had a population of 94,779. Named the most populous municipality in Middlesex County. It is part of Boston’s Metropolitan Area – with over 4 million people living within 30 miles of its borders and making up part of the Greater Boston area (which has about 5 million residents).
The town itself has been called “Newtonville” since its incorporation as an independent entity in 1632 by Puritan settlers led by William Pynchon Sr. Who were fleeing persecution by English settler John Winthrop. During this period many immigrants came to Massachusetts including Anne Hutchinson; they became known as “Pilgrims” because they left England during their search for religious freedom.
The richest town in Massachusetts is Dover.
Dover has a median household income of $190,847, which is more than double the state’s average. The median home value is $723,100 and the median home value per square foot is $419. In addition to having one of the highest average incomes among towns in Massachusetts, Dover also has some of the most expensive homes on this list.
The average number of people living in each home across all cities listed here was 2.6 people. But this figure can vary widely depending on where you live and what type of house you’re looking at!
In both 2015 and 2016, the poorest town in Massachusetts was named by 24/7 Wall Street as Monroe.
The town of Monroe is located in the Middlesex County area of Massachusetts. It has a population of 8,913 as of 2010. This small town according to 24/7 Wall Street is one of the poorest towns in America. True for all 3 years it has been participating in their list.
In 2015, Monroe ranked number 34 on their list with an annual median household income of $39,068 per year. And a poverty rate of 15% (compared to national average). In 2016 they placed number 35 on this list with an annual median household income at $44,542 per year. With poverty rate at 17% (compared to national average).
The poorest town in Massachusetts in 2016 had the highest median household income
The poorest town in Massachusetts in 2016 had the highest median household income of all the poorest towns. The median household income was $46,509. Which is significantly higher than the state’s median household income of $51,928. But lower than the national average (which was $53,657).
A total of 18 states are worse off than Massachusetts when it comes to poverty.
You may think you know it all. You might even be a little bit proud of your state’s place on this list. But there are some facts about Massachusetts that will surprise you:
The richest state in America, Massachusetts has a median household income of $70,297 and an unemployment rate of 4%. It is also one of only five states where more than half (52%) of its residents live below poverty line. A figure that’s much higher than the national average (26%).
The poorest town in Massachusetts median household income:
The poorest town in Massachusetts has a median household income of $46,509. That’s the amount that half of all households earn more and half earn less than. Median household income is useful because it divides the distribution of household income into two equal groups. Those with incomes above it (the top) and those below it (the bottom).
The median revenue of Massachusetts in 2022 was $31,983.
Median income is also known as 50th percentile or 25% of the population earning more than that amount. It was $50,528 in 2017. The median income is also known as 50th percentile or 25% of the population earning more than that amount.
Which towns do the richest people live in Massachusetts?
Boston is the capital and most populous city of Massachusetts, United States. It is also the seat of Suffolk County, although the county government was disbanded on July 1, 1999.
Boston has a metropolitan population of more than 690,000 residents as of 2017 according to US Census Bureau estimates. The Boston-Cambridge-Quincy Combined Statistical Area includes 1,079 incorporated municipalities within two counties in New England (Jefferson County and Plymouth County).
Cambridge is a city in Middlesex County, Massachusetts, United States. It lies 7 miles (11 km) north of Boston and has a population of 107,355 people as of 2017.
Cambridge’s location makes it an ideal place for students to pursue higher education. In fact, Harvard University was established here in 1638 by John Harvard. Its still located within the city limits today. Other colleges like MIT and Tufts University also have large campuses within Cambridge proper. So you can easily find yourself surrounded by universities while living there!
While Boston may be the richest town in Massachusetts, Lawrence, MA has a lot to offer. The town is home to many small businesses and residents enjoy many conveniences like libraries and parks. We hope these tips help you decide whether or not Lawrence is right for you!