4 Massachusetts Suburbs Among 50 Wealthiest In America

MASSACHUSETTS — Wealthy people seeking a lifestyle away from cities like New York, Los Angeles, Chicago and Miami and gentrifying suburbs, including four in Massachusetts. The East Coast appeared on the list the most, having 23 out of 50 suburbs.

Suburbs on the GOBankingRates ranking of America’s 50 Wealthiest Suburbs include:

Wellesley, a suburb of Boston (No. 10)

• Average household income: $367,801
• Typical home value: $1,979,339

Winchester, a suburb of Boston (No. 31)

• Average household income: $283,632
• Typical home value: $1,639,942

Lexington, a suburb of Boston (No. 35)

• Average household income: $281,187
• Typical home value: $1,641,388

Needham, a suburb of Boston (No. 42)

• Average household income: $267,951
• Typical home value: $1,541,698

GOBankingRates, a personal finance website, compared the household income of cities with 5,000 or more households and isolated the 50 with the highest average household income. The typical 2024 home value was also considered.

See Also: Boston's Suburbs Are Becoming Renter-Majority Markets, New Report Finds

Among key findings:

• The wealthiest U.S. suburb is Scarsdale, New York, where the average household income is $568,942. The typical home value in Scarsdale is $1.4 million.
• California dominated the ranking, with 16 suburbs in the top 50. The five most expensive California suburbs are Los Altos ($400,000), Orinda ($370,000), Palos Verdes Estates ($342,000), Saratoga ($329,000) and Menlo Park ($316,000).
• The East Coast took the lead with 23 wealthy suburbs, including five in New York and five in New Jersey, making the top 50 ranking. In second place is the West Coast with 19 suburbs.

See Also:

• MA Earns High Marks In 'Quality Of Life' Rankings
• These 4 MA Communities Are The Places To Live According To This National List
• New Ranking Crowns Massachusetts As The Best Place To Live
• The Top 100 Places To Live In Massachusetts: 2025 Rankings