Mass. Ranked Fifth Richest State, But How Rich Is Chelmsford?
How did Chelmsford do compared to the rest of Massachusetts and the country?
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.