List of The Top 10 Richest Cities In Massachusetts 2022;- This list is based on estimates of the city’s population, median income, and property values. Massachusetts, officially the Commonwealth of Massachusetts, Maine is the
most populous state in New England. massachutes riches towns and cities
It is next to the Atlantic Ocean and Gulf of Maine, Connecticut and Rhode Island to the south, New Hampshire and Vermont to the north and New York to the west. massachutes riches towns and cities
Top 10 Richest Cities In Massachusetts
Richest Cities In Massachusetts
This list is based on estimates of the city’s population, median income, and property values. massachutes riches towns and cities
1. Newburyport Richest City In Massachusetts
Newburyport is the richest city in Massachusetts. It has a median household income of $109,926, which is over $10,000 higher than the state average. The city’s population is about 18,500 people.
2. Beverly Richest City In Massachusetts
Beverly is the richest city in Massachusetts, with median household income of $135,867. This is a result of the high concentration of executives and managers in the area.
We should not think that Beverly is only rich because there are more executives and managers here than other places. It has a lot to do with the fact that Beverly is home to many high-income earners.
Beverly has been dubbed “The City of Millionaires” because it has one of the highest concentrations of millionaires in America (highest as per capita).
3. Somerville Richest City In Massachusetts
In Somerville, the average family income is $91,000. The city has a total of 190,000 residents and the median home price is $649,000. The unemployment rate is 3% and the cost of living index is 189.
4. Amesbury Town Richest City In Massachusetts
Amesbury Town is the richest city in Massachusetts, with a median household income of $111,769.
The town of Amesbury is located in Essex County, Massachusetts. It has a population of just over 18,000 people. The town is named after Elizabeth I’s secretary of state, Francis Walsingham. The population consists mostly of English and Irish descendants and the town has been historically important for its fishing industry.
5. Waltham Richest City In Massachusetts
Waltham is the richest city in Massachusetts. The median income of a household in Waltham is $117,300.
Though the median income of a household in Waltham is $117,300, the median income per person is $57,000. This statistic is calculated by dividing the total yearly income of all people who live in that household; it does not represent individual salaries.
6. Medford Richest City In Massachusetts
Medford is the richest city in Massachusetts. It has a median household income of $84,821 and a low poverty rate of 4.1%.
The city was incorporated in 1629 and is the seventh largest by population in the state with a population of approximately 42,000 people.
Medford is also known for its excellent public schools, which are ranked number one in the state for elementary school districts and number two for high school districts.
7. Braintree Town Richest City In Massachusetts
Wealthy people are attracted to Braintree for its excellent schools, low crime rates, and scenic neighborhoods.
Braintree is one of the wealthiest cities in Massachusetts. The median family income of Braintree is $124,000 per year.
8. Franklin Town Richest City In Massachusetts
In this section, I will be discussing the city of Franklin in Massachusetts and its history. Franklin is a city located in Norfolk County and was founded on April 17, 1737. The town is a small community with a population of about 10,000 people.
The town’s name was given by the Governor of Massachusetts at the time, William Shirley. He named it after his friend Benjamin Franklin who was famous for his work as an inventor and scientist.
9. Melrose Richest City In Massachusetts
The median household income in Melrose is $125,000. This is the highest of any city in Massachusetts.
There are a few reasons why Melrose has the highest median household income in Massachusetts. One reason is that there are a lot of wealthy people who live in the city, and another reason is that there are a lot of jobs available for people who live in the city.
Melrose also has one of the lowest poverty rates out of any city in Massachusetts which helps to contribute to its high median household income.
10. Newton Richest City In Massachusetts
Newton is the wealthiest city in Massachusetts and it is one of the most affluent cities in the United States. It has a median income of $110,000, which is more than double the national average.
1. Newton’s Median Income Is More Than Double The National Average
2. The Median Household Income In Newton Is $110,000
3. A Large Percentage Of The Population Lives Below Poverty Line
4. The Number Of Millionaires In Newton Has Increased By 20%
5. There Are Numerous Fortune 1000 Companies Located Within 10 Miles Of Newton
