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Reply to "America’s Richest (and Poorest) States"

Boston, Cambridge Skyline, Aerial view, Charles River and Beacon Hill

6. Massachusetts
> Median household income: $70,628
> Population: 6,794,422 (15th highest)
> 2015 Unemployment rate: 5.0% (24th lowest)
> Poverty rate: 11.5% (14th lowest)

Massachusetts is one of only a handful of states to report a median household of more than $70,000 annually. The state is home to some of the nation’s most prestigious universities, and fittingly boasts the highest college attainment rate of any state at 41.5%. By contrast, 30.1% of adults nationwide have at least a bachelor’s degree. While no guarantee, a college education helps open higher-paying job opportunities, and it is no surprise that some state households are very wealthy. One in every 10 households in the state earns $200,000 or more each year, the third highest such share of any state. High median incomes are likely driving up home values. The median home value of $352,100 in the state is among the highest nationwide.

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