10 Richest Towns in Massachusetts

By: ROS Team

Massachusetts, a state renowned for its fascinating history, vibrant cultural scene, and impressive economic strength, boasts some of the richest towns in the entire United States.

These towns boast picturesque landscapes, thriving local economies, and a high standard of living, attracting affluent residents seeking a comfortable and luxurious lifestyle.

In this blog post, we will discuss the top 10 rich towns in Massachusetts so you have an easy time finding luxurious areas in MA.

Interesting Fact: “Massachusetts holds the position of the second wealthiest state in the United States of America, boasting a median household income of $77,378.”

Top 10 Richest Towns In MA

1. Dover

Nestled in Norfolk County, Massachusetts, Dover is the richest town in Massachusetts. The town’s status as the richest place in Massachusetts is underscored by its impressive per capita income of $133,500.00.

The median household income in Dover soars to $250,000+ — a testament to the town’s robust economy and the prosperity of its diverse population.

With only 1.1% of its population living below the poverty line, Dover exemplifies economic stability and inclusivity.

While Dover maintains a serene and tranquil ambiance, it remains well-connected to nearby urban centers. Easy access to Boston and other major cities ensures that residents can benefit from metropolitan opportunities while still enjoying the suburban charm of Dover.

2. Weston

Comes second in our list of rich towns in MA is Weston. Located in Middlesex County, just 15 miles west of the bustling city of Boston, Weston exudes an air of prosperity and sophistication.

With an unemployment rate of just 2.2% (as of November 2022), Weston boasts a thriving local economy and a robust job market.

The median household income in Weston stands at a remarkable $206,250, surpassing the already affluent state median of $85,843 for Massachusetts.

Luxury properties and upscale residences characterize Weston’s real estate market. With a median sale price of $2,453,000 for homes, the town attracts those seeking elegant and refined living spaces.

Weston is also home to prominent educational institutions such as the Meadowbrook School of Weston and the Cambridge School of Weston.

3. Wellesley

Nestled in the suburbs of Massachusetts, Wellesley stands as an epitome of opulence and sophistication. With its stately homes, tree-lined streets, and top-notch amenities, Wellesley has earned a reputation as one of the wealthiest towns in the state.

Wellesley’s per capita income of $97,262.00 makes it the third richest town in Massachusetts. The town has long been an attractive destination for successful professionals, entrepreneurs, and academics seeking a luxurious and secure environment to call home.

The median household income in Wellesley reaches an impressive $226,250.00. The town is also renowned for its excellent educational opportunities, including the prestigious Wellesley College.

Wellesley is situated just outside of Boston and offers a convenient commute to the city’s bustling business districts. This accessibility to urban opportunities and amenities further enhances the town’s desirability.

4. Winchester

With its rich history and contemporary affluence, Winchester, Massachusetts, strikes a harmonious balance between tradition and prosperity.

Winchester’s population of 22,875 fosters a close-knit community where neighbors know one another and work together to maintain the town’s exceptional quality of life.

Winchester boasts a per capita income of $90,356.00, a testament to the town’s residents’ financial well-being. The median household income of $184,844.00 further illustrates Winchester’s economic prosperity.

Winchester’s streets are lined with historic homes and buildings, providing an enchanting glimpse into its storied past.

Winchester’s location in close proximity to Boston allows for convenient access to the city’s economic and cultural opportunities.

Moreover, efficient transportation options make commuting to Boston a breeze, making Winchester an ideal choice for those seeking a balance between suburban living and urban amenities.

5. Duxbury

Nestled along the picturesque shores of Plymouth County, Massachusetts, Duxbury stands as a coastal haven of wealth and charm.

Duxbury’s stunning coastal location makes it an idyllic retreat for those seeking a tranquil and beautiful setting. The town’s beaches, harbors, and ocean views add a touch of serenity and luxury to everyday living.

With a per capita income of $71,321.00, Duxbury’s residents enjoy a comfortable financial standing. And the median household income of $130,260.00 reflects the overall economic well-being of Duxbury’s residents.

Duxbury’s commitment to education is evident through its remarkable statistic of 96.1% high school graduates or higher.

6. Concord

With its pivotal role in the American Revolutionary War and a distinguished roster of esteemed residents, Concord exudes a unique blend of heritage and affluence.

Concord’s historical significance is etched into the fabric of the nation’s identity. The town’s Minute Man National Historical Park commemorates the battles of Lexington and Concord, pivotal events in the American Revolutionary War.

With a per capita income of $81,270.00 and a median household income of $169,335.00, Concord is one of the best places to live a luxurious life.

Concord boasts a rich tradition of artistic and literary brilliance. Notable residents like sculptor Daniel Chester French, author Louisa May Alcott, and philosopher Ralph Waldo Emerson have left an indelible mark on American culture.

7. Lexington

Lexington stands as a town where history intertwines with contemporary prosperity. Known for its pivotal role in the American Revolutionary War, Lexington Common, or Battle Green, serves as a poignant reminder of the nation’s struggle for independence.

Today, Lexington has evolved into a thriving community with a strong economy and a reputation for educational excellence.

With a median household income of $186,201 (as of 2019), Lexington reflects a financially prosperous community.

Services and manufacturing are the two largest employment sectors in Lexington, indicating a well-rounded and dynamic economy. This diversity provides employment opportunities and economic stability for the town’s residents.

Lexington’s public school district has earned acclaim for its educational excellence, now ranked second in Massachusetts.

With a welcoming community and a commitment to preserving its heritage, Lexington continues to attract individuals seeking a dynamic and enriching living experience within the embrace of its historical legacy.

8. Carlisle

Carlisle, known affectionately as the “City of the Woods,” is a charming town that exudes natural beauty and tranquility.

Carlisle’s nickname, the “City of the Woods,” perfectly encapsulates its enchanting surroundings. The town is graced with picturesque woodlands, scenic trails, and captivating green spaces. The Great Brook Farm State Park, a true gem of the area, offers residents a sanctuary for outdoor recreation and appreciation of nature’s wonders.

With a median household income of $160,034, Carlisle reflects a luxurious lifestyle for its residents.

In addition, the town’s family-friendly environment is complemented by good schools and recreational facilities. Appeals to families looking for a safe and nurturing place to raise their children.

9. Medfield

The penultimate town on our list is Medfield. Nestled just a 40-minute drive away from Boston’s bustling financial district. Medfield offers a peaceful escape for residents seeking a harmonious balance between suburban tranquility and urban opportunities.

Medfield’s convenient location allows residents to easily access the excitement and opportunities of Boston’s financial district.

With an unemployment rate of 5.8%, Medfield enjoys relative economic stability. The town’s diverse employment opportunities contribute to a sense of financial security for its residents.

Medfield’s appeal lies in its natural beauty and proximity to sun-soaked beaches. Nearby Rocky Woods offers a host of events and exhibits, providing recreational options for residents to immerse themselves in nature’s splendor.

Medfield’s higher cost of living, which is 66.7% higher than the national average, reflects the town’s exclusive and upscale living experience. Residents benefit from a refined lifestyle and a strong sense of community.

The median home cost in Medfield stands at $831,900, making it a destination for those seeking high-end real estate and luxurious living spaces.

10. Hingham

The last one on our list of richest towns in Massachusetts is Hingham, a charming town on Boston Harbor beckons with its rich colonial history and scenic coastal location.

Hingham’s colonial history is interwoven into its architectural landscape, with immaculately preserved antique houses adorning the streets. The “Old Ordinary” stands as a proud testament to the town’s heritage, evoking a sense of nostalgia and admiration for the past.

Hingham’s dedication to environmental conservation is evident in its numerous trees and lush green spaces. Being named “Tree City USA” for the 29th time underscores the town’s commitment to preserving its natural beauty and fostering a green environment.

On top of all, with a per capita income of $91,263.00, Hingham is one of the best places in the MA state for a luxury lifestyle.

Rich Towns In Massachusetts: Final Thoughts

In the picturesque state of Massachusetts, a collection of rich towns embody the epitome of affluence and prosperity. From the opulence of Wellesley and Winchester to the historic charm of Concord and Lexington, these towns showcase the perfect blend of wealth, elegance, and community spirit. With strong local economies and beautiful surroundings, they attract businesses, residents, and movers alike who are drawn to the area’s prosperity and quality of life.