What Is A Good Salary In Massachusetts?

Where do millionaires live in Massachusetts?

The number of millionaires in Worcester, the state’s second-most populous city, declined from 47 in 2014 to 45 in 2015.

Tewksbury, Revere, Melrose, Harwich, Dracut, Chelmsford and Bridgewater all increased the number of millionaire residents by at least 100 percent over the three-year span..

Is Massachusetts an expensive state to live in?

6. Massachusetts. The sixth-most expensive state in the U.S. is Massachusetts, home to Boston, one of the most expensive cities in the United States. The average home price in Massachusetts is $663,942, almost three times the national average.

What are the highest paying jobs in Massachusetts?

Here’s a quick look at the top ten highest paying jobs in Massachusetts:General Internal Medicine Physicians.Chief Executives.Anesthesiologists.Psychiatrists.Family Medicine Physicians.Dentists, All Other Specialists.Nurse Anesthetists.Pediatricians, General.More items…•

Is 200k a good salary in Boston?

That salary would barely make it possible to live a comfortable life in Boston, unless you already own your home. Housing costs are extremely high in nearly every part of the city, and even most of the suburbs. That being said, relative to the average wage in Boston, 200k would represent a top 5% income.

Is 70k a good salary in Boston?

70k is a very decent salary for a guy your age. It’ll be doable for sure. And depending on your field, Boston is filled with opportunity. As SpringMom pointed out, you should find something in your budget that is reasonable.

What is the poorest city in Massachusetts?

Springfield1. Springfield. Springfield, unfortunately, ranks as the poorest place in Massachusetts thanks to combination of low pay and and a lack of jobs. The city of 154,139 people averages the lowest median household income in Massachusetts and the 2nd highest poverty rate.

What is the richest town in MA?

Weston1. Weston. The richest town in Massachusetts earns a per capita income of $105,217 and has a dramatically higher median family income of $250,000 or more compared to the other towns.

What percentage of Americans make over 100k?

A detailed explanation of the measurement of income can be found on page 21 of the report….Percentage distribution of household income in the U.S. in 2019.Annual household income in U.S. dollarsPercentage of U.S. households75,000 to 99,99912.3%100,000 to 149,99915.5%150,000 to 199,9998.3%200,000 and over10.3%5 more rows•Nov 5, 2020

What is the most common job in Massachusetts?

Top 100 Jobs Relatively More Common in Massachusetts Than ElsewhereRankJobLocal Popularity Index1Nuclear technicians27.72Oral and maxillofacial surgeons19.53Psychiatric aides7.34Biomedical engineers7.294 more rows

What is a livable salary in Massachusetts?

Living Wage Calculation for Massachusetts1 ADULT2 ADULTS (BOTH WORKING)0 Children3 ChildrenLiving Wage$15.46$22.71Poverty Wage$6.00$7.25Minimum Wage$12.00$12.00

How much do you need to make to live comfortably in Massachusetts?

Turns out the magic number for Boston is a household income of $120,900. That makes Boston one of the pricier big American cities in which to live comfortably (see chart below). From the study: “A Boston apartment with a couple of bedrooms will cost you $2,821 per month, on average.

How many billionaires live in Massachusetts?

18 billionaires5. Massachusetts. Massachusetts is home to 18 billionaires, including Robert Kraft, the owner of the New England Patriots. Also, Jim Davis, the Chairman of New Balance, and Fidelity Investments CEO Abigail Johnson both reside in Massachusetts.

What is considered low income in MA?

2019 Government Poverty GuidelinesHousehold Size100% of Poverty300% of Poverty1$12,760$38,2802$17,240$51,7203$21,720$65,1604$26,200$78,6005 more rows•Jan 17, 2020

What is a good salary for a single person in Massachusetts?

Highest, lowest median incomes in Mass. If your a single person you could probably live decently in Mass. for $50,000-$60,000 if you have a wife & 2 kids $50,000-$60,000 is not going to cut it.

What is considered middle class income in Massachusetts?

Range of household incomes needed to be considered middle class, by family sizeStateSingleCoupleMassachusetts$28,129 – $84,386$39,780 – $119,340Michigan$24,345 – $73,035$34,429 – $103,288Minnesota$25,441 – $76,323$35,979 – $107,937Mississippi$22,545 – $67,634$31,883 – $95,64948 more rows•Dec 12, 2020

What is considered upper class 2020?

For 2020, one major economic trend is the financial fallout caused by the coronavirus pandemic, which has impacted the wealth and health of workers and businesses….What Is a Middle-Class Income?Income groupIncomeLow incomeLess than $40,100Middle income$41,000 – $120,400Upper incomeMore than $120,400Dec 8, 2020

Why is rent so high in Massachusetts?

‘Urban lifestyle’ in demand Upper-middle class professionals are continuing to move in to center city neighborhoods, she said, a trend that is partly to blame for spikes in both rent and prices for owner-occupied homes. While gentrification started in some cities in the 1970s, it intensified in Boston in the 1990s.

What is the nicest town in Massachusetts?

Best Towns to Raise Families in MassachusettsAmherst. Amherst is in Hampshire County and has a population of 40,000 people. … Bedford. Bedford is an American historical hub located in Middlesex County. … Springfield. Springfield is the third largest city in Massachusetts. … Lexington. … Brookline. … Medford. … Hull. … North Adams.More items…•