Richest Neighborhoods In Springfield, MA For 2020


We used science and data to determine which neighborhoods in Springfield are home to the 1%.

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

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 Springfield has to offer. Where houses go for over 0.8x the national median and household incomes are 1.19x the national median.

But where exactly in Springfield do the richest of the rich people live? That would be East Forest Park where the median income is a cool $65,691.

Here’s a look at the top 10 richest neighborhoods in Springfield out of 17 for 2020.

What’s the richest neighborhood to live in Springfield for 2020? According to the most recent census data, East Forest Park looks to be the richest Springfield neighborhood to live in.

Summing up the median income of those 10 neighborhoods adds up to $427,244. 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 Springfield. 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 Springfield reading, check out the best neighborhoods in Springfield and the worst neighborhoods in Springfield. Or, for living around Springfield, out the best Springfield suburbs and the worst Springfield suburbs.

For more Massachusetts reading, check out:

How We Determined The Wealthiest Neighborhoods In Springfield 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 Springfield by median income from highest to lowest. The neighborhood with the highest median income, East Forest Park, was named the richest neighborhood in Springfield.

The poorest neighborhood? That would be Metro Center.

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

For more Massachusetts reading, check out:

Detailed List Of The Richest Neighborhoods In Springfield For 2020

Rank Neighborhood Median Household Income<
1 East Forest Park $65,691
2 Sixteen Acres $57,403
3 Pine Point $48,663
4 Forest Park $41,264
5 East Springfield $39,031
6 Boston Road $38,124
7 Liberty Heights $36,835
8 Indian Orchard $35,713
9 Upper Hill $33,409
10 Mcknight $31,111
11 Old Hill $26,512
12 Bay $26,316
13 South End $23,822
14 Memorial Square $18,462
15 Maple High-Six Corners $17,370
16 Brightwood $16,446
17 Metro Center $15,238

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.

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