Posted in Massachusetts
March 26, 2018
Here Are The 10 Richest Cities In Massachusetts
HomeSnacks has recently released a list of the richest cities in Massachusetts for 2018, and the results could surprise you.
Here are the wealthiest large towns and cities in the state according to the median income of residents, along with poverty levels and unemployment rates. To keep this list reflective of actual city-sized spots, only communities with more than 12,000 people were considered.
We’re aware that these uncertain times are limiting many aspects of life as we all practice social and physical distancing. While we’re continuing to feature destinations that make our state wonderful, we don’t expect or encourage you to go check them out immediately. We believe that supporting local attractions is important now more than ever and we hope our articles inspire your future adventures! And on that note, please nominate your favorite local business that could use some love right now: https://www.onlyinyourstate.com/nominate/
Braintree Town has a median income of $85,863. The town has a population of 37,066. The unemployment rate is 6.9 percent and the poverty rate is 5.8 percent.
Waltham has a median income of $82,188. The town has a population of 62,699. The unemployment rate is 5.3 percent and the poverty rate is 10 percent.
Newburyport has a median income of $87,162. The town has a population of 17,837. The unemployment rate is 6.3 percent and the poverty rate is 7.8 percent.
Watertown Town has a median income of $92,050. The town has a population of 33,849. The unemployment rate is 5.7 percent and the poverty rate is 8.3 percent.
Marlborough has a median income of $72,222. The town has a population of 39,545. The unemployment rate is 4.6 percent and the poverty rate is 7.2 percent.
Amesbury Town has a median income of $75,861. The town has a population of 17,082. The unemployment rate is 5.3 percent and the poverty rate is 5.6 percent.
Woburn has a median income of $83,872. The town has a population of 39,220. The unemployment rate is 5.4 percent and the poverty rate is 7.2 percent.
Franklin Town is located in Norfolk County and has a median income of $108,815. The town has a population of 32,873. The unemployment rate is 6.2 percent and the poverty rate is 4.2 percent. It’s home to the first library in the country.
Melrose has a median income of $87,712. The town has a population of 27,787. The unemployment rate is 4.3 percent and the poverty rate is 3.8 percent.
At the top of the list is Newton with a median income of $127,402. Newton has a population of 88,317. The unemployment rate is 4.4 percent and the poverty rate is also 4.4 percent.
Thanks again to HomeSnacks for compiling this data. If you want to settle down somewhere nice but don’t want to empty your bank account to do it, check out these cheap but awesome places to live in Massachusetts.
