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Mass. Ranked Fifth Richest State, How Does Swampscott Compare?

Which states have the highest and lowest median household incomes? Find out.

Massachusetts' median household income ranked the fifth richest throughout the United States in 2011, according to a recent study presented on DailyFinance

The Commonwealth, with a median household income of $62,859, trailed only Connecticut, New Jersey, Alaska, and Maryland. 

But, how does the city of Swampscott compare to the state's averages?

The median household income in Swampscott between 2006-2010, according to the US Census Bureau, was $90,763, which is about $28,000 more than the state's average during these years.

During the same time, the state's poverty level was at 10.5 percent, while Beverly's poverty figure was much lower, at 5.1 percent. 

Are you curious how the rest of the North Shore stacks up by the same comparisons?

Patch on the North Shore


Median income Population Unemployment Below poverty line Peabody $65,515 51,653 6.3% 6.1% Salem $56,979 41,654 6.6% 10.8% Beverly $66,671 39,796 6.2% 9% Danvers $75,310 26,493 5.9% 5.7% Hamilton $98,525 7,758 5.6% 5.3%* Wenham $130,350 4,875 6.7% 3.3%* Marblehead $97,097 19,808 5.1% 4.8% Swampscott $90,763 13,787 5.6% 5.1% State $62,589 6,587,536 7.4% 11.6%

* Figures on percentage below poverty line for both Hamilton and Wenham are from 2009 data published by City-data.com.

 

In 2011, Massachusetts had the lowest percentage of the population without health insurance, at just 4.3 percent. DailyFinance attributed this to the near-universal health care law signed into office in 2006 by Mitt Romney.

The states with the lowest median household incomes were Alabama, Kentucky, Arkansas, West Virginia, and Mississipi. 

David Arsenault October 07, 2012 at 11:02 AM
90,000.00 were they getting that from, Guess there not adding in the street run off charge of 30,000.00 a year and the tax charge for that run off of 4,000.00 a year. So that brings swampscott down to 56763.00 and that's if the house hold makes 90k, yea right So with the Street and Sewer water rates we are screwed!
Mark Chulsky October 07, 2012 at 01:31 PM
Wenham is the richest and has the highest unemployment rate... Are those who can afford early retirement counted as unemployed? What was that quote about lies, shameless lies, and statistics?
CN October 07, 2012 at 02:37 PM
Ahhh, what? $34,000 per year on water/sewer per household? What kind of fuzzy numbers you crunching over there this morning?
Restless October 07, 2012 at 04:48 PM
I think he was referring to the high costs of the frequent flooding of his own house on Paradise Rd. Must be a nightmare situation every time it rains heavily.
David Arsenault October 07, 2012 at 09:00 PM
Restless, You hit the nail on the head.

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