New ranking of the most and least ‘affluent’ towns in Massachusetts
Boston Business Journal calculated “affluence scores’’ for Massachusetts’s communities and neighborhoods.
At this point, we know where the state’s most expensive neighborhoods to buy a home lie, with suburbs like Wellesley and Weston frequently making the list.
But in a new report, Boston Business Journal looks at more than just home prices – the magazine looks at a town’s overall “affluence,’’ which it defines by 12 different metrics.
The “affluence score’’ uses U.S. Census data to calculate the metrics, which include categories like per capita income, median home value, and education levels, to give each community a rating ranging from -50 to 250.
The Boston-area suburb of Dover makes it to the top of the list. BBJ reports that one zip code in Dover is in fact the most affluent neighborhood in the entire country based on its scoring.
On the other hand, the northern Massachusetts town of Lawrence is the least affluent town in the state.
See the full ranking at the BBJhere.
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