Mass. Ranked Fifth Richest State, But How Rich Is Chelmsford?
How did Chelmsford do compared to the rest of Massachusetts and the country?
Photos
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 Chelmsford compare to the state's averages?
The median household income in Chelmsford in 2010, according to the U.S. Census Bureau, much higher at an estimated average of $92,550.
During the same time, the state's poverty level was at 10.5 percent, while Chelmsford's poverty figure was significantly lower at 4.6 percent.
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.
John Doe
8:52 am on Tuesday, October 9, 2012
Sorry, all I read there was "blah, blah, blah...we need more low-income housing."
At least that's how Paul Cohen will read it. Besides, what does he care, it's not like he lives in Chelsmford! If he stays in power, I think I'm going to start saying Chelms-FRAUD!
Tom Gilroy
9:27 am on Tuesday, October 9, 2012
This article is all about class warfare and subliminal redistribution of wealth. What would expect from the Huffington Post? This will undoubtedly be picked up by the Globe and maybe the Sun.
Paul Tress
10:04 am on Tuesday, October 9, 2012
Bogus statistic as it does not consider how far your disposable income goes. You need to consider taxes and the ask 'how many hours do you have to work to buy'. What good is it if the median income is 1.5 times larger, but monthly housing costs 2 times higher than the national average?
whooper87
6:09 pm on Wednesday, October 10, 2012
It's true, states should be sorted not by income but by BMI (big mac index). Or by some equally whimsical housing analogue
Mentally MA
8:10 pm on Thursday, October 11, 2012
I want to know the I.Q. of each state.