Business & Tech

Framingham Ranked Sixth Wealthiest City in Northeast

Website NerdWallet examined median household income, home value and average credit limit for residents in 475 cities nationwide.

FRAMINGHAM, MA - A recent study examined the wealth of more than 400 cities in America, and in the northeast, Framingham was in the top 10.

According to a list released by the website NerdWallet, Framingham is the sixth wealthiest city in the region.

The site analyzed the median household income and percent of homes without a mortgage, the monthly median home value and the average credit limit for card holders in 475 U.S. cities with more than 65,000 residents.

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NerdWallet reported that the average credit limit in Framingham is $45,891, the median household income is $64,213 and the median home value is $347,000. Twenty-seven percent of homes in Framingham are without mortgages, according to the site.

Here's a look at NerdWallet's 10 wealthiest cities in the northeast:

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  1. Newton, MA
  2. Stamford, CT
  3. New Rochelle, NY
  4. Cambridge, MA
  5. Norwalk, CT
  6. Framingham, MA
  7. Somerville, MA
  8. Boston, MA
  9. Danbury, CT
  10. Toms River, NJ

Click here for the full list of wealthiest cities in each region.

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