The 10 Richest Cities In Massachusetts For 2021


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

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Want to know where you can ‘keep up with the Joneses’ in Massachusetts? Take a quick second to tap or scroll your way to a list of the richest places in the Baked Bean State. That’s right, the baked beans in this New England State are rich, the clam chowdah’ here is rich, and if the Boston Tea Party hadn’t happened, there would be even more Bay Staters who are rich. But all joking aside, Massachusetts has some pretty wealthy places; and lucky for you, HomeSnacks’ created a list of the top ten richest places in The Bay State for 2021 and listed them below.

We suggest, however, that before you head down to our list, that you learn a little bit about how we identified Massachusetts’ most affluent places. First, we looked at the things that the well-to-do find important: safety, posh neighborhoods, gold star schools, and fancy things to do.

We discovered a couple of things along the way. One, Harvard University in Cambridge is not only one of the best universities in the country, but it has produced more billionaires than the Massachusetts lottery. Secondly, those smart, wealthy Harvard graduates aren’t leaving after graduation because Massachusetts is one of the fastest growing state in America. And third, many of Massachusetts richest places are also some of the state’s safest.

However, if you truly want to live like the ‘one percent’ in Massachusetts’ richest places, you’re going to have to make at least $82,468/year. The state is after all one of the richest states in the country.

To see what Massachusetts cities made the cut, keep reading.

Here are the 10 richest places in Massachusetts for 2021:

  1. Newton
  2. Melrose
  3. Newburyport
  4. Braintree Town
  5. Franklin Town
  6. Woburn
  7. Watertown Town
  8. Medford
  9. Waltham
  10. Amesbury Town

There are many cities in Massachusetts that ooze obnoxious wealth, so to narrow down our list, we looked at the latest Census data from the American Community Survey for 53 Massachusetts cities with more than 12,000 residents.

So, what is the richest place in Massachusetts for 2021? According to the latest data, that would be, Newton.

To see a list of the other cities that made this list, take a look below. And if you have some time on your hands, see how the other 99% live in this state.

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

The 10 Richest Cities In Massachusetts For 2021

1. Newton

Newton, MA

Overall SnackAbility

10
/10

Population: 88,593
Rank Last Year: 1 (No Change)
Median Income: $151,068
Unemployment Rate: 2.8%
Poverty Rate: 4.3%
More on Newton: Real Estate | Photos

2. Melrose

Melrose, MA

Overall SnackAbility

10
/10

Population: 28,113
Rank Last Year: 2 (No Change)
Median Income: $106,955
Unemployment Rate: 2.8%
Poverty Rate: 4.1%
More on Melrose: Real Estate | Photos

3. Newburyport

Newburyport, MA

Source: Public domain
Overall SnackAbility

9.5
/10

Population: 18,077
Rank Last Year: 3 (No Change)
Median Income: $109,839
Unemployment Rate: 3.5%
Poverty Rate: 5.9%
More on Newburyport: Real Estate | Photos

4. Braintree Town

Braintree Town, MA

Overall SnackAbility

6
/10

Population: 37,220
Rank Last Year: 9 (Up 5)
Median Income: $96,522
Unemployment Rate: 3.5%
Poverty Rate: 4.6%
More on Braintree Town: Real Estate | Photos

5. Franklin Town

Franklin Town, MA

Overall SnackAbility

6
/10

Population: 33,256
Rank Last Year: 4 (Down 1)
Median Income: $122,607
Unemployment Rate: 4.1%
Poverty Rate: 4.0%
More on Franklin Town: Real Estate | Photos

6. Woburn

Woburn, MA

Overall SnackAbility

9.5
/10

Population: 40,304
Rank Last Year: 5 (Down 1)
Median Income: $91,022
Unemployment Rate: 3.0%
Poverty Rate: 6.3%
More on Woburn: Real Estate | Photos

7. Watertown Town

Watertown Town, MA

Source: Public domain
Overall SnackAbility

7.5
/10

Population: 35,401
Rank Last Year: 6 (Down 1)
Median Income: $101,103
Unemployment Rate: 3.5%
Poverty Rate: 7.6%
More on Watertown Town: Real Estate | Photos

8. Medford

Medford, MA

Overall SnackAbility

7
/10

Population: 57,637
Rank Last Year: 8 (No Change)
Median Income: $96,455
Unemployment Rate: 2.8%
Poverty Rate: 8.8%
More on Medford: Real Estate | Photos

9. Waltham

Waltham, MA

Overall SnackAbility

9
/10

Population: 62,777
Rank Last Year: 14 (Up 5)
Median Income: $95,964
Unemployment Rate: 3.0%
Poverty Rate: 9.3%
More on Waltham: Real Estate | Photos

10. Amesbury Town

Amesbury Town, MA

Overall SnackAbility

6
/10

Population: 17,434
Rank Last Year: 7 (Down 3)
Median Income: $82,468
Unemployment Rate: 3.6%
Poverty Rate: 6.3%
More on Amesbury Town: Real Estate | Photos

How We Determined The Richest Places In Massachusetts For 2021

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 2015-2019 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 2021”. You can download the data here.

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 2021

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: Lawrence
3rd Poorest: Fall River

For more Massachusetts reading, check out:

Detailed List Of The Richest Cities In Massachusetts

Rank City RichScore Median Income
1 Newton 1.67 $151,068
2 Melrose 3.0 $106,955
3 Newburyport 6.33 $109,839
4 Braintree Town 6.67 $96,522
5 Franklin Town 7.67 $122,607
6 Woburn 8.0 $91,022
7 Watertown Town 8.67 $101,103
8 Medford 9.33 $96,455
9 Waltham 11.33 $95,964
10 Amesbury Town 11.67 $82,468
11 Marlborough 12.0 $80,943
12 Somerville 13.33 $97,328
13 Beverly 14.33 $80,586
14 Winthrop Town 15.67 $74,069
15 Agawam Town 16.33 $68,944
16 Peabody 17.0 $73,217
17 Weymouth Town 18.33 $84,942
18 Cambridge 18.33 $103,154
19 Barnstable Town 18.67 $72,733
20 Attleboro 19.0 $74,962
21 Westfield 19.33 $67,862
22 Gloucester 22.0 $72,574
23 Quincy 22.33 $77,562
24 Northampton 25.33 $66,522
25 Methuen Town 25.67 $77,484
26 Haverhill 27.33 $69,426
27 Salem 27.33 $68,808
28 Everett 29.67 $65,528
29 Malden 31.67 $65,975
30 Revere 32.33 $62,568
31 Gardner 32.33 $49,679
32 Easthampton Town 32.33 $63,507
33 Greenfield Town 32.67 $50,478
34 Palmer Town 33.0 $64,651
35 West Springfield Town 33.67 $53,053
36 Leominster 34.33 $61,825
37 Chelsea 35.33 $56,802
38 Pittsfield 37.0 $51,411
39 Boston 37.67 $71,115
40 Taunton 38.33 $62,865
41 Chicopee 38.67 $53,225
42 Lynn 40.0 $56,181
43 Lowell 40.0 $56,878
44 Brockton 41.33 $58,469
45 Fitchburg 42.67 $57,207
46 Worcester 42.67 $48,139
47 North Adams 43.0 $41,471
48 New Bedford 46.67 $46,321
49 Southbridge Town 48.67 $51,270
50 Holyoke 49.0 $40,769
51 Fall River 49.33 $43,503
52 Lawrence 51.0 $44,613
53 Springfield 51.0 $39,432

How Is The Area In ?

Editor’s Note: Data has been updated for 2021. This is our seventh time ranking the richest cities in Massachusetts.

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.