Question: Is Massachusetts A Poor State?

What is the poverty level in the state of Massachusetts?

2021 Government Poverty GuidelinesHousehold Size100% of Poverty200% of Poverty1$12,880$25,7602$17,420$34,8403$21,960$43,9204$26,500$53,0005 more rows•Jan 16, 2021.

How many billionaires live in Massachusetts?

18 billionairesMassachusetts is home to 18 billionaires, including Robert Kraft, the owner of the New England Patriots. Also, Jim Davis, the Chairman of New Balance, and Fidelity Investments CEO Abigail Johnson both reside in Massachusetts.

Where do millionaires live in Massachusetts?

The number of millionaires in Worcester, the state’s second-most populous city, declined from 47 in 2014 to 45 in 2015. Tewksbury, Revere, Melrose, Harwich, Dracut, Chelmsford and Bridgewater all increased the number of millionaire residents by at least 100 percent over the three-year span.

Is 60k a good salary in Boston?

Living here on 60k is doable, although if you want to live in the city proper, you may need to have a roommate or two. Depending on your existing bills (car, loans, etc. etc.) you could find an “affordable” place around the 95 belt (highway that skirts around Boston) and live decent without an awful commute.

What is the nicest town in Massachusetts?

Best Towns to Raise Families in MassachusettsAmherst. Amherst is in Hampshire County and has a population of 40,000 people. … Bedford. Bedford is an American historical hub located in Middlesex County. … Springfield. Springfield is the third largest city in Massachusetts. … Lexington. … Brookline. … Medford. … Hull. … North Adams.More items…•

What is middle class income in Massachusetts?

Range of household incomes needed to be considered middle class, by family sizeStateSingleCoupleMassachusetts$28,129 – $84,386$39,780 – $119,340Michigan$24,345 – $73,035$34,429 – $103,288Minnesota$25,441 – $76,323$35,979 – $107,937Mississippi$22,545 – $67,634$31,883 – $95,64948 more rows•Dec 12, 2020

Where do the rich live in Boston?

The Most Expensive Neighborhoods in Boston 2020Beacon Hill. Beacon Hill is one of Boston’s original neighborhoods, and prospective homeowners can expect historic real estate dating back to the city’s colonial roots. … Seaport District. … Back Bay. … Fenway / Kenmore. … South End. … North End. … West End.

Is Massachusetts a rich state?

Massachusetts is the third richest state in the United States of America, with a median household income of $77,378 (as of 2019), per capita income of $41,794 (as of 2018), and a personal per capita income of $39,815 (as of 2003). Many of the state’s wealthiest towns are located in the suburban area around Boston.

Is MA a good state to live in?

Massachusetts ranks as the best state to live in, in part due to its well-educated population. Among state residents age 25 and older, 44.5% have a bachelor’s degree or higher, the highest bachelor’s degree attainment rate of any state.

Whats the richest town in MA?

Weston1. Weston. The richest town in Massachusetts earns a per capita income of $105,217 and has a dramatically higher median family income of $250,000 or more compared to the other towns. Bloomberg ranked Middlesex County’s Weston town as having the 11thwealthiest zip code in all of the US in 2019.

What is the most expensive town to live in in Massachusetts?

Top ten most expensive cities in MassachusettsCityAverage Price#1Brookline$2,128,454#2Wellesley$2,087,254#3Lexington$1,791,259#4Newton$1,485,3176 more rows

What is the poorest city in MA?

Springfield1. Springfield. Springfield, unfortunately, ranks as the poorest place in Massachusetts thanks to combination of low pay and and a lack of jobs. The city of 154,139 people averages the lowest median household income in Massachusetts and the 2nd highest poverty rate.

Who is the richest person in Massachusetts?

Abigail JohnsonThe richest resident in Massachusetts is Abigail Johnson, the chairman and CEO of Fidelity Investments. Johnson, who lives in Milton, is worth $14.7 billion, according to Forbes. In March’s list of the country’s billionaires, Johnson ranked No.

What is a good salary in Massachusetts?

While ZipRecruiter is seeing salaries as high as $147,763 and as low as $22,273, the majority of salaries within the Average jobs category currently range between $53,781 (25th percentile) to $80,400 (75th percentile) with top earners (90th percentile) making $97,784 annually in Massachusetts.

What is the most expensive home in Massachusetts?

Take a look inside the most expensive homes for sale in Massachusetts#3 Barnstable county: 97 Tilipi Run St., Chatham – $17.5 million.Tied #1 Barnstable county: 65 Crocker’s Path, Dennis – $19.5 million.Tied #1 Barnstable county: 251 Green Dunes Dr., Barnstable – $19.5 million.More items…•