The 10 Richest Cities In Massachusetts For 2019


We analyzed 53 places in Massachusetts to determine where the 1% live.

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Editor’s Note: Data has been updated for 2019. This is our fifth time ranking the richest cities in Massachusetts.

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Newton, Melrose, Watertown Town: These cities aren’t just some of the best places to live in Massachusetts. They are also home to some of the richest people in the Bay State.

Newton in particular houses the richest residents in the state thanks, in part, to a median household income of $133,853 and a ridiculously low poverty rate of 4.3%.

If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in Massachusetts share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.

How did we come up with these mega wealthy cities? We analyzed Census data from the 2013-2017 American Community Survey for the 53 places in Massachusetts with more than 12,000 people.

For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in Massachusetts.

Rich people not your cup of tea? Feel free to check out some more reading about Massachusetts:

The 10 Richest Cities In Massachusetts For 2019

Newton, MA

Overall SnackAbility

10
/10

Population: 88,479
Rank Last Year: 1 (No Change)
Median Income: $133,853
Unemployment Rate: 3.7%
Poverty Rate: 4.3%
More on Newton: Real Estate | Data | Photos

Newton is a suburban city in Middlesex County, Massachusetts, United States. It is approximately 7 miles (11 km) west of downtown Boston and is bordered by Boston’s Brighton and West Roxbury neighborhoods to the east and south, respectively, and by the suburb of Brookline to the east, the suburbs of Watertown and Waltham to the north, and Wellesley and Needham to the west. Rather than having a single city center, Newton resembles a patchwork of thirteen villages. According to the 2010 U.S. Census, the population of Newton was 85,146, making it the eleventh largest city in the state.

Melrose, MA

Overall SnackAbility

10
/10

Population: 28,132
Rank Last Year: 1 (Down 1)
Median Income: $93,434
Unemployment Rate: 3.7%
Poverty Rate: 3.9%
More on Melrose: Real Estate | Data | Photos

Melrose is a city located in the Greater Boston metropolitan area in Middlesex County, Massachusetts. Its population as per the 2010 United States Census is 26,983. It is a suburb located approximately seven miles north of Boston and is situated in the center of the triangle created by Interstates 93, 95 and US Route 1.

Watertown Town, MA

Source: Public domain
Overall SnackAbility

7.5
/10

Population: 34,553
Rank Last Year: 7 (Up 4)
Median Income: $93,171
Unemployment Rate: 4.2%
Poverty Rate: 8.4%
More on Watertown Town: Real Estate | Data | Photos

Franklin Town, MA

Overall SnackAbility

6
/10

Population: 32,843
Rank Last Year: 3 (Down 1)
Median Income: $111,935
Unemployment Rate: 5.4%
Poverty Rate: 4.3%
More on Franklin Town: Real Estate | Data | Photos

The Town of Franklin is a city in Norfolk County, Massachusetts, United States. Franklin is one of fourteen Massachusetts municipalities that have applied for, and been granted, city forms of government but wish to retain “The town of” in their official names. As of 2012, the city’s population was 33,092. It is home to the country’s first library, with its first books donated by Benjamin Franklin. It also contains the largest Catholic parish in the Boston Archdiocese, St. Mary’s Catholic church, with some 15,000 members.

Woburn, MA

Overall SnackAbility

9.5
/10

Population: 39,500
Rank Last Year: 4 (Down 1)
Median Income: $83,304
Unemployment Rate: 4.8%
Poverty Rate: 6.0%
More on Woburn: Real Estate | Data | Photos

Woburn /wubrn/ is a city in Middlesex County, Massachusetts, United States. The population was 38,120 at the 2010 census. Woburn is located 9 miles (14 km) north of Boston, Massachusetts.

Amesbury Town, MA

Overall SnackAbility

6
/10

Population: 17,218
Rank Last Year: 5 (No Change)
Median Income: $78,638
Unemployment Rate: 4.8%
Poverty Rate: 4.9%
More on Amesbury Town: Real Estate | Data | Photos

Marlborough, MA

Overall SnackAbility

9
/10

Population: 39,771
Rank Last Year: 6 (Down 1)
Median Income: $75,418
Unemployment Rate: 4.8%
Poverty Rate: 6.5%
More on Marlborough: Real Estate | Data | Photos

Marlborough (often spelled Marlboro) is a city in Middlesex County, Massachusetts, United States. The population was 38,499 at the 2010 census. Marlborough became a prosperous industrial town in the 19th century and made the transition to high technology industry in the late 20th century after the construction of the Massachusetts Turnpike.

Medford, MA

Overall SnackAbility

7
/10

Population: 57,700
Rank Last Year: 14 (Up 6)
Median Income: $86,204
Unemployment Rate: 4.8%
Poverty Rate: 10.3%
More on Medford: Real Estate | Data | Photos

Medford is a city 3.2 miles northwest of downtown Boston on the Mystic River in Middlesex County, Massachusetts, United States. In the 2010 U.S. Census, Medford’s population was 56,173. It is home to Tufts University.

Review Of Medford by HomeSnacks User

Schools s***s. Sirens keep me up all night. I wanna die.

The new target is cool. The people who work there s**k though.

Braintree Town, MA

Overall SnackAbility

6
/10

Population: 37,082
Rank Last Year: 10 (Up 2)
Median Income: $88,993
Unemployment Rate: 6.0%
Poverty Rate: 5.0%
More on Braintree Town: Real Estate | Data | Photos

Waltham, MA

Overall SnackAbility

9.5
/10

Population: 62,832
Rank Last Year: 9 (Down 1)
Median Income: $83,249
Unemployment Rate: 4.8%
Poverty Rate: 9.8%
More on Waltham: Real Estate | Data | Photos

Waltham (/wlæm/) is a city in Middlesex County, Massachusetts, United States, and was an early center for the labor movement as well as a major contributor to the American Industrial Revolution. The original home of the Boston Manufacturing Company, the city was a prototype for 19th century industrial city planning, spawning what became known as the Waltham-Lowell system of labor and production. The city is now a center for research and higher education, home to Brandeis University and Bentley University. The population was 60,636 at the census in 2010.

Review Of Waltham by HomeSnacks User

Close to everything, new high school being built

Location, ease of commute, excellent restaurants, very diverse, close to everything.

How We Determined The Richest Places In Massachusetts For 2019

Map Of The Richest Places To Live In Massachusetts
The first thing that comes to most people’s minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.

However, we don’t believe that one statistic wholly encompasses what it means to be one of the “richest places”. So we looked at this set of criteria from the newly released 2013-2017 American Community Survey:

  • Poverty Level
  • Median Household Income
  • Unemployment Rate

Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.

After we collected the data for all 53 places with more than 12,000 people in Massachusetts, we ranked each place from 1 to 53 for each of the criteria, with 1 being the richest.

We then averaged all the rankings for a place into a “Rich Score” with the place having the lowest overall Rich Score, Newton, crowned the “Richest City In Massachusetts For 2019”.

You can learn more about the top ten below or skip to the end to see the rankings for all 53 places.

There You Have It – The Wealthiest Places In Massachusetts For 2019

Like we said earlier, when we set out to identify the richest places in Massachusetts, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in Massachusetts.

When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.

If you’re curious enough, here are the poorest cities in Massachusetts, according to data:

Poorest: Springfield
2nd Poorest: Holyoke
3rd Poorest: Lawrence

For more Massachusetts reading, check out:

How Is The Area In ?

Detailed List Of The Richest Cities In Massachusetts

Rank City RichScore Median Income
1 Newton 1.67 $133,853
2 Melrose 1.83 $93,434
3 Watertown Town 6.5 $93,171
4 Franklin Town 7.17 $111,935
5 Woburn 8.0 $83,304
6 Amesbury Town 8.0 $78,638
7 Marlborough 10.0 $75,418
8 Medford 12.33 $86,204
9 Braintree Town 12.33 $88,993
10 Waltham 12.83 $83,249
11 Somerville 13.0 $84,722
12 Beverly 13.17 $77,893
13 Winthrop Town 13.33 $69,928
14 Newburyport 13.83 $89,887
15 Barnstable Town 16.0 $66,864
16 Cambridge 16.33 $89,145
17 Agawam Town 16.67 $61,919
18 Weymouth Town 19.33 $75,892
19 Peabody 19.67 $65,085
20 Quincy 20.17 $71,808
21 Gloucester 21.33 $65,348
22 Methuen Town 22.0 $73,492
23 Attleboro 23.0 $70,136
24 Haverhill 23.67 $65,926
25 Westfield 23.67 $62,212
26 Salem 26.0 $65,528
27 Leominster 27.17 $57,610
28 Northampton 27.17 $62,838
29 Greenfield Town 28.67 $47,821
30 Easthampton Town 29.0 $61,004
31 Malden 30.5 $62,361
32 Taunton 30.83 $56,797
33 Revere 31.5 $53,794
34 Everett 33.67 $57,254
35 Chelsea 33.67 $51,839
36 Gardner 34.17 $48,915
37 West Springfield Town 34.67 $51,735
38 Palmer Town 35.17 $57,022
39 Lynn 36.5 $53,513
40 Boston 37.67 $62,021
41 Chicopee 39.83 $48,866
42 Brockton 41.33 $52,393
43 Pittsfield 41.5 $46,871
44 Southbridge Town 43.0 $50,202
45 Fitchburg 43.5 $51,412
46 Worcester 44.83 $45,869
47 Lowell 46.0 $48,581
48 North Adams 46.83 $38,774
49 New Bedford 48.0 $40,626
50 Fall River 48.83 $39,328
51 Lawrence 50.67 $39,627
52 Holyoke 51.5 $37,954
53 Springfield 53.0 $37,118

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2 thoughts on “The 10 Richest Cities In Massachusetts For 2019

  1. I can’t imagine anyone who lives in the greater Boston area will take this list seriously. Woburn is #5? C’mon. North Adams is #48, while at the very same time holds the #1 spot on the “Worst Places to Live” list by this same team of “statisticians.” (https://www.roadsnacks.net/places-in-massachusetts-that-need-a-hug/). Even forgetting about the uber-rich Dover, Weston, et al, towns like Sudbury and Andover aren’t even on the list, but Chelsea and Methuen are. Chelsea?! Ridiculous.

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