Richest Neighborhoods In Boston, MA For 2020


We used science and data to determine which Boston neighborhoods have the richest people.

Editor’s Note: We updated this article for 2020. This is our fifth time ranking the richest neighborhoods to live in Boston.
Richest Neighborhoods In Boston

Welcome to the land of the 1%. Where you’ll find lawyers, and doctors, and business executives. And while they probably aren’t made of ticky tacky, they are definitely made of money.

These are the wealthiest neighborhoods that Boston has to offer. Where houses go for over 3.88x the national median and household incomes are 1.7x the national median.

But where exactly in Boston do the richest of the rich people live? That would be Back Bay-Beacon Hill where the median income is a cool $93,684.

Here’s a look at the top 10 richest neighborhoods in Boston out of 16 for 2020.

The Richest Neighborhoods In Boston For 2020

  1. Back Bay-Beacon Hill (Homes)
  2. Central (Homes)
  3. Charlestown (Homes)
  4. West Roxbury (Homes)
  5. South Boston (Homes)

What’s the richest neighborhood to live in Boston for 2020? According to the most recent census data, Back Bay-Beacon Hill looks to be the richest Boston neighborhood to live in.

Summing up the median income of those 10 neighborhoods adds up to $813,209. And that my friend, is more 0s than most of us will see in our bank account for a long, long time — if we ever get that lucky. Continue on to find where your neighborhood ranks amongst the richest in Boston. Once you’re done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from richest to poorest.

For more Boston reading, check out the best neighborhoods in Boston and the worst neighborhoods in Boston. Or, for living around Boston, out the best Boston suburbs and the worst Boston suburbs.

For more Massachusetts reading, check out:

How We Determined The Wealthiest Neighborhoods In Boston For 2020

Every city has it’s best neighborhoods — where everyone wants to live — and the worst neighborhoods — where no one wants to live. And then you have the wealthiest neighborhoods, where no one can afford to live.

And by no one, we really mean you because there’s always someone richer than you.

How do you quantify richer than you? We looked at one simple criterion:

Which neighborhoods have the highest median income?

Using census and extrapolated BLS data, we ranked every neighborhood based on income levels.

We ranked every neighborhood in Boston by median income from highest to lowest. The neighborhood with the highest median income, Back Bay-Beacon Hill, was named the richest neighborhood in Boston.

The poorest neighborhood? That would be Roxbury.

Now a look at how all the neighborhoods in Boston ranked.

For more Massachusetts reading, check out:

Detailed List Of The Richest Neighborhoods In Boston For 2020

Rank Neighborhood Median Household Income<
1 Back Bay-Beacon Hill $93,684
2 Central $93,484
3 Charlestown $91,998
4 West Roxbury $91,763
5 South Boston $86,753
6 Roslindale $80,867
7 Jamaica Plain $75,652
8 South End $72,022
9 Hyde Park $65,408
10 South Dorchester $61,578
11 Allston-Brighton $61,281
12 East Boston $56,961
13 North Dorchester $56,252
14 Fenway-Kenmore $48,949
15 Mattapan $45,798
16 Roxbury $34,616

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.