Massachusetts is home to some of the wealthiest Americans in the country including self-made billionaire Jim Davis (New Balance).
Most of the richest towns in Massachusetts are suburbs of Boston, located within a 40 minute drive to downtown Boston. Here are the wealthiest towns in Massachusetts.
Richest Towns in Massachusetts
Below is a list of the top 11 wealthiest towns in Massachusetts.
1. Dover, MA
Dover is the wealthiest town in Massachusetts. It is the most affluent suburb of Boston, located in Norfolk county, within a 40 minute drive to downtown Boston.
Dover is a charming small town in a rural setting with sprawling estates, charming colonial homes and highly rated schools.
It has a population of 5,923. Home to some of the most affluent residents of Massachusetts, Dover has a mean household income of $432,571
Property prices are high in Dover with the median sale price at $2,148,000. The homes in Dover are primarily owner-occupied with 93.5% owner-occupied and only 6.5% rentals.
Dover residents are well educated with 84.8% of residents having obtained a bachelor’s degree or higher. Dover residents live a good work-life balance with an average commute time of 37 minutes.
| Mean Household Income | $432,000 |
| Bachelor’s Degree or Higher | 84.8% |
| Median Sale Price of Homes | $2,148,000 |
2. Weston, MA
Weston is one of the wealthiest suburbs of Boston, located in Middlesex county, just 30 minutes from downtown Boston. Weston is one of the most desirable suburbs of Boston with beautiful historic homes, highly rated schools and beautiful parks and hiking trails.
It is home to some of the most affluent residents of Massachusetts with a population of 11,851. Weston has a mean household income of $334,047.
The median sale price of homes in Weston is high at $1,882,000. The homes in Weston are primarily owner-occupied with 85.8% owner-occupied and only 14.2% rentals.
Weston residents are well educated with 82.8% of residents having obtained a bachelor’s degree or higher. Weston residents live a good work-life balance with an average commute time of 29 minutes.
| Mean Household Income | $334,047 |
| Bachelor’s Degree or Higher | 82.8% |
| Median Sale Price of Homes | $1,882,000 |
3. Wellesley, MA
Wellesley is one of the richest towns in Massachusetts with a population of 29,550. Located in Norfolk county, Wellesley is an affluent suburb of Boston with highly rated schools, vibrant downtown and beautiful parks and trails.
It is an easy 35 minute drive to downtown Boston. Home to some of the most affluent residents of Massachusetts, Wellesley has a mean household income of $325,522.
Property prices are high in Wellesley with the median sale price at $1,810,000. The homes in Wellesley are primarily owner-occupied with 80.9% owner-occupied and only 19.1% rentals.
Wellesley residents are well educated with 83.8% of residents having obtained a bachelor’s degree or higher. Wellesley residents live a good work-life balance with an average commute time of 31 minutes.
| Mean Household Income | $325,522 |
| Bachelor’s Degree or Higher | 83.8% |
| Median Sale Price of Homes | $1,814,000 |
4. Carlisle, MA
Carlisle is one of the richest towns in Massachusetts. It is a charming small town located in Middlesex county with highly rated schools and an easy 40 minute drive to downtown Boston.
Carlisle has a population of 5,237. Home to some of the most affluent residents of Massachusetts, Carlisle has a mean household income of $264,092.
The median sale price of homes in Carlisle is $1,409,000. The homes in Carlisle are primarily owner-occupied with 94.6% owner-occupied and only 5.4% rentals.
Carlisle residents are well educated with 82.2% of residents having obtained a bachelor’s degree or higher. Carlisle residents live a good work-life balance with an average commute time of 36 minutes.
| Mean Household Income | $264,092 |
| Bachelor’s Degree or Higher | 82.2% |
| Median Sale Price of Homes | $1,409,000 |
5. Sudbury, MA
Sudbury is one of the richest suburbs of Boston. It is a beautiful, historic town located in Middlesex County within a 40 minute commute to downtown Boston. Sudbury residents enjoy easy suburban living in their picturesque town known for historic landmarks, highly rated schools and scenic parks.
Sudbury has a population of 18,934. Home to some of the most affluent residents of Massachusetts, Sudbury has a mean household income of $260,883.
The median sale price of homes in Sudbury is $1,404,000. The homes in Sudbury are primarily owner-occupied with 91.6% owner-occupied and only 8.4% rentals.
Sudbury residents are well educated with 80.5% of residents having obtained a bachelor’s degree or higher. Sudbury residents live a good work-life balance with an average commute time of 36 minutes.
| Mean Household Income | $260,883 |
| Bachelor’s Degree or Higher | 80.5% |
| Median Sale Price of Homes | $1,404,000 |
6. Lexington, MA
Lexington is one of the richest towns in Massachusetts. It is a suburb of Boston, located in Middlesex county within a 30 minute drive to downtown Boston. Lexington is a beautiful town with well-preserved colonial-era homes and buildings as well as beautiful parks and highly rated schools.
It’s a mid-sized town with a population of 34,454. Home to some of the most affluent residents of Massachusetts, Lexington has a mean household income of $265,000.
The median sale price of homes in Lexington is $1,748,000. The homes in Lexington are primarily owner-occupied with 81.7% owner-occupied and only 18.3% rentals.
Lexington residents are well educated with 84.7% of residents having obtained a bachelor’s degree or higher. Lexington residents live a good work-life balance with an average commute time of 32 minutes.
| Mean Household Income | $265,000 |
| Bachelor’s Degree or Higher | 84.7% |
| Median Sale Price of Homes | $1,748,000 |
7. Wayland, MA
Wayland is one of the richest towns in Massachusetts with a population of 13,943. It is a charming town with historic landmarks, a scenic town beach, and highly rated schools.
Located in Middlesex county, Wayland is an easy 35 minute drive to downtown Boston. Home to some of the most affluent residents of Massachusetts, Wayland has a mean household income of $250,445.
The median sale price of homes in Wayland is $1,284,000. The homes in Wayland are primarily owner-occupied with 91.4% owner-occupied and only 8.6% rentals.
Wayland residents are well educated with 80.7% of residents having obtained a bachelor’s degree or higher. Wayland residents live a good work-life balance with an average commute time of 35 minutes.
| Median Household Income | $185,375 |
| Bachelor’s Degree or Higher | 80.7% |
| Median Sale Price of Homes | $908,000 |
8. Boxford, MA
Boxford is another wealthy suburb of Boston. It is one of the wealthiest towns in Massachusetts, located in Essex county, within 35 minute drive to downtown Boston. Boxford is a charming small town of just over 8,000 residents.
Boxford residents enjoy easy suburban living with well-preserved historic landmarks, highly rated schools, and beautiful parks. Home to some of the most affluent residents of Massachusetts, Boxford has a mean household income of $241,573.
The median sale price of homes in Boxford is $1,185,000. The homes in Boxford are primarily owner-occupied with 97.7% owner-occupied and only 2.3% rentals.
Boxford residents are well educated with 68.1% of residents having obtained a bachelor’s degree or higher. Boxford residents live a good work-life balance with an average commute time of 40 minutes.
| Mean Household Income | $241,573 |
| Bachelor’s Degree or Higher | 68.1% |
| Median Sale Price of Homes | $1,185,000 |
9. Bolton, MA
Bolton is one of the wealthiest towns in Massachusetts located in Worcester county. Bolton is a charming small town with a population of 5,665. It is a beautiful town in a rural setting with lots of historical landmarks dating back to colonial times.
Home to some of the most affluent residents of Massachusetts, Bolton has a mean household income of $198,846.
The median sale price of homes in Bolton is $1,047,000. The homes in Bolton are primarily owner-occupied with 93.5% owner-occupied and only 6.5% rentals.
Bolton residents are well educated with 68.9% of residents having obtained a bachelor’s degree or higher. Bolton residents live a good work-life balance with an average commute time of 37 minutes.
| Mean Household Income | $198,846 |
| Bachelor’s Degree or Higher | 68.9% |
| Median Sale Price of Homes | $1,047,000 |
10. Winchester, MA
Winchester is one of the richest towns in Massachusetts. Located in Middlesex county, Winchester is a beautiful suburb of Boston with charming New England architecture, highly regarded schools and an easy 18 minute drive to downtown Boston.
It is a mid-sized town with a population of 22,970. Home to some of the most affluent residents of Massachusetts, Winchester has a mean household income of $252,976.
The median sale price of homes in Winchester is $1,312,000. The homes in Winchester are primarily owner-occupied with 86.4% owner-occupied and only 13.6% rentals.
Winchester residents are well educated with 77.3% of residents having obtained a bachelor’s degree or higher. Winchester residents live a good work-life balance with an average commute time of 34 minutes.
| Mean Household Income | $252,976 |
| Bachelor’s Degree or Higher | 77.3% |
| Median Sale Price of Homes | $1,312,000 |
11. Needham, MA
Needham, MA is one of the most affluent towns in Massachusetts. Located in Norfolk County, it is a suburb of Boston with a population of approximately 32,091. Needham residents enjoy suburban living with highly rated schools and an easy 30 minute drive to downtown Boston.
It is home to affluent individuals, with a mean household income of $244,766. The sale price of homes in Needham is $1,276,000, and the majority of homes are owner-occupied, with only 16.1% available for rent.
Needham has a highly educated population, with 76.0% of residents holding a bachelor’s degree or higher. Moreover, Needham’s residents enjoy a good work-life balance, with an average commute time of 32 minutes.
| Mean Household Income | $244,766 |
| Bachelor’s Degree or Higher | 76.0% |
| Median Sale Price of Homes | $1,276,000 |