These MA Suburbs Are Among The Wealthiest In America: Ranking

MASSACHUSETTS — Four Massachusetts communities were included in a recent ranking of America’s wealthiest suburbs, according to a new report.

The finance website GOBankingRates set out to find which suburbs are home to some of the wealthiest Americans. The study's authors surveyed all municipalities with 5,000 or more households and isolated the 50 with the highest average household income using data from the American Community Survey. The 2024 typical home value and metro area location, with data from Zillow, were then sourced to determine the wealthiest suburbs.

The town of Wellesley in Norfolk County was the highest ranked in Massachusetts at No. 11. In Wellesley, the average household income is $367,801 and the typical home value is about $1.97 million.

Winchester in Middlesex County ranked 31st with an average household income of $283,632 and a home value of roughly $1.6 million.

Other Massachusetts suburbs in the top 50 were Lexington in Middlesex County at No. 35 with an average household income of $281,187 and a home value of about $1.6 million, and Needham in Norfolk County with an average household income of $267,951 and home value of $1.5 million.

Nationally, the East Coast took the lead in the ranking with 23 wealthy suburbs. In second place was the West Coast with 19 suburbs.

The top three nationwide were the New York suburbs of Scarsdale and Rye, with respective incomes of $568,942 and $405,074 and home values of roughly $1.41 million and $2.12 million, followed by the Houston area suburb of West University Place, which had an average income of $403,845 and a typical home value of about $1.6 million.

The complete list as well as details about methodology can be viewed at bit.ly/4cRKOOl.