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Lokvani Team

Massachusetts residents have some of the highest incomes in the nation, according to recently released Census data.

According to American Community Survey 5-year estimates, Massachusetts was third ($84,385) among states ― behind only Maryland ($87,063) and New Jersey ($85,245) ― in highest median household income. Massachusetts also boasts lower poverty rates than most other states in the United States, with about 7 percent of families living below the poverty line, lower than the national poverty rate of 9 percent, and 10th lowest among states.

But Massachusetts’ relative wealth masks wide income inequality across communities: The wealthiest town, Dover, had a median household income ($250,000+) six times higher than that of Springfield, the community with the lowest median income ($41,571).

More important, In the 2020 census, among 2,646,980 households in Mass., 14.3% had income over $200K, 10.6% between $150-200K, 18% between $100-150K and 12% between $75-100K.

(https://www.bostonglobe.com/2022/04/21/metro/charts-whats-wealthiest-town-massachusetts-see-census-data-income-poverty/ )

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