Mass. Ranked Fifth Richest State, How Does Lynnfield Compare?

Which towns have the highest and lowest median household incomes? Find out.

Massachusetts' median household income ranked the fifth richest throughout the United States in 2011, according to a recent study presented on DailyFinance

The Commonwealth, with a median household income of $62,859, trailed only Connecticut, New Jersey, Alaska, and Maryland. 

But, how does the town of Lynnfield compare to the state's averages?

The median household income in Lynnfield between 2006-2010, according to the US Census Bureau, was $87,590, which is roughly $23,000 more than the state's average during these years.

During the same time, the state's poverty level was at 10.5 percent, while Lynnfield's poverty figure was significantly lower, at 4.1 percent. 

Are you curious how the rest of the North Shore stacks up by the same comparisons?

Patch on the North Shore

Median income Population Unemployment Below poverty line Peabody $65,515 51,653 6.3% 6.1% Salem $56,979 41,654 6.6% 10.8% Beverly $66,671 39,796 6.2% 9% Danvers $75,310 26,493 5.9% 5.7% Hamilton $98,525 7,758 5.6% 5.3%* Wenham $130,350 4,875 6.7% 3.3%* Marblehead $97,097 19,808 5.1% 4.8% Swampscott $90,763 13,787 5.6% 5.1% State $62,589 6,587,536 7.4% 11.6%

* Figures on percentage below poverty line for both Hamilton and Wenham are from 2009 data published by City-data.com.

In 2011, Massachusetts had the lowest percentage of the population without health insurance, at just 4.3 percent. DailyFinance attributed this to the near-universal health care law signed into law in 2006 by Mitt Romney.

The states with the lowest median household incomes were Alabama, Kentucky, Arkansas, West Virginia, and Mississipi. 


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