What is the average household income in Wellesley MA?

The average annual household income in Wellesley is $325,522, while the median household income sits at $226,250 per year.

What is the average income in Wellesley MA?

About. In 2021, Wellesley, MA had a population of 29.4k people with a median age of 35.3 and a median household income of $226,250.

Is Wellesley MA a wealthy town?

Wellesley

In addition to being one of the wealthiest areas in Massachusetts, Wellesley is also one of the safest. Located just outside of Boston, this city boasts a safety rating of 4.6 – that's about 30% of the state average.

Is Wellesley an expensive town?

Wellesley has a cost of living that is almost double the national average (96%), with housing costs being almost quadruple, at 291%. The median cost for a home in Wellesley is $1,090,400, while the average household income is $188,908. You'll be paying a premium to live here, but some costs are worse than others.

How much does the average household make in Massachusetts?

Massachusetts - median household income 1990-2021

In 2021, the median household income in Massachusetts amounted to 89,645 U.S. dollars. This is a slight decrease from the previous year when the median household income was 86,725 U.S. dollars in Massachusetts.

Moving to Wellesley Massachusetts? What you should know before living in Wellesley!

What is considered wealthy in Massachusetts?

As mentioned, Bostonians feel $2.9 million is the net worth needed to feel wealthy. This number is a three-year high. However, to feel financially comfortable, that number drops to $932k. This figure is actually lower than the $1.1 million survey response from 2021.

Why is Wellesley so expensive?

Valdes justifies Wellesley's cost because of a “7:1 student faculty ratio, state-of-the-art facilities, a picturesque campus setting, and an educational environment where students are inspired to thrive.”

How rich is Wellesley?

Wellesley

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.

Is Wellesley a good place to live?

Wellesley is a very safe, beautiful town. The downtown area has lots to do, and it is very appealing as a current high school student. It is a very quaint town that provides lots of opportunities for individuals and families.

Where do most millionaires live in Massachusetts?

What Town in Massachusetts is Home to the Most Millionaires? The town of Wellesley, Massachusetts has 71.3 millionaires per square mile, totaling around 1,276.

What is the middle class income in Massachusetts?

Boston's middle class is broadly defined as households with annual incomes between $50,000 and $125,000.

Is Wellesley MA a dry town?

Wellesley was a dry town for some time and just recently dropped its prohibition-style ways. The bar scene in the suburb hasn't exactly caught up to the new rules and most restaurants still do not serve alcohol.

Is Wellesley Massachusetts a small town?

Wellesley is part of Greater Boston. The population was 29,550 at the time of the 2020 census. Wellesley College, Babson College, and a campus of Massachusetts Bay Community College are located in the town.

What is the highest income town in Massachusetts?

Dover – The Epitome of Wealth in Massachusetts

Nestled in Norfolk County, Massachusetts, Dover stands out as the wealthiest town in the state. With its picturesque landscapes, luxurious residences, and thriving community, Dover exemplifies economic stability and inclusivity.

What is the most expensive town to live in Massachusetts?

VINEYARD HAVEN, Mass. — Massachusetts is home to the most expensive town in the United States, according to a new study.

Which is better Smith or Wellesley?

Wellesley is ranked higher than Smith on online rankings. Both schools are great places to get an education!

How hard is it to get into Wellesley?

The acceptance rate at Wellesley is 13.6%.

For every 100 applicants, only 14 are admitted. This means the school is extremely selective.

What is Wellesley most known for?

Wellesley is known for the excellence of its education, the beauty of its setting, its gifted faculty, and the uniqueness of its campus culture.

What is top 1% income in Massachusetts?

Residents in Massachusetts need to earn just under $900,000 to be in the top 1% of taxpayers. This group accounts for roughly 38.12% of all income taxes paid in the state and is typically taxed at a rate of 26.46%. The income cutoff for falling into the top 5% is $547,000 less than the top 1% cutoff.

How many people in Massachusetts make over $1000000 a year?

In Massachusetts, there were about 16,000 income tax returns filed with incomes over $1 million, or about 0.47% of all taxpayers who filed in 2020.

Do any billionaires live in Massachusetts?

BOSTON — Seven billionaires who reside in Massachusetts landed on Forbes' 2023 list of the 400 richest people in the United States. As a group, the wealthiest people in the country are $500 billion richer than a year ago, according to Forbes. “America's superrich are riding high again.