What is the richest town in Massachusetts?
Boston Real Estate
What is the richest town in Massachusetts?
Dover is widely recognized as the richest town in Massachusetts. It consistently ranks at the top for both per capita income and average household income, with residents earning an average of $484,787 annually.
Top Richest Towns in Massachusetts (by Category)
The “richest” title can vary depending on whether you measure by household income, home values, or specific rankings for 2026.
- Highest Average Income: Dover
Dover holds the #1 spot in many studies, including those by 24/7 Wall St. and Forbes. It has a median home value of approximately $1.18 million and a median household income exceeding $250,000. - Top Suburban Wealth: Wellesley
Ranked as the 10th wealthiest suburb in the U.S. for 2025 by GoBankingRates, Wellesley has an average household income of $367,801 and a typical home value over $1.9 million. It also has the highest concentration of millionaires per square mile in the state. - Top “Rich City” Ranking (2026): Newton
For 2026, HomeSnacks ranked Newton as the richest city with over 12,000 residents, citing a median income of $190,304 and median home values of $1,528,893. - Most Expensive Real Estate: Nantucket
While income varies, Nantucket frequently tops the state for home prices, with a median sale price of $2,825,000 in 2024. - Safest and Richest: Lexington and Winchester
In a 2025 study of the “safest and richest” places in the country, Lexington and Winchester ranked 2nd and 3rd nationally, respectively.
What is the richest town in Massachusetts?
A Bloomberg report identified the richest towns in America, and one swanky Massachusetts town landed in coveted the top 50.
Wellesley came in at No. 36 for the second straight year, boasting a state-high average household income of $277,508. That’s a nearly $14,000 a year bump from last year’s earnings, according to Bloomberg.
Wellesley was just behind Bellaire, Texas and just ahead of Malibu, Calif. — yes, that Malibu. Who needs beaches in town?
No other Massachusetts towns made the top 50 list, which was based on household income and was cut off at $262,988
