Massachusetts's most affluent ZIP codes cluster together, according to a recent report
Boston, a city known for its rich history and vibrant culture, has a growing reputation as a place of wealth. According to a recent report by the Boston Business Journal, the Greater Boston area is home to some of the wealthiest pockets of Massachusetts.
The report, which was based on income, home values, and other data collected from the U.S. Census Bureau and Zillow, revealed the Top 10 wealthiest ZIP codes in the state. Interestingly, all 10 of these affluent areas are within 10 miles of downtown Boston.
Leading the pack is the ZIP code 02116, located in Back Bay, with a median home value of $1.3 million. Following closely is the ZIP code 02118 in the South End, despite having a poverty rate of over 24%. The third wealthiest ZIP code is 02446 in Brookline.
The Top 10 wealthiest ZIP codes outside of Boston include Beverly and Leominster, as per a recent Realtor.com report.
The report did not provide specific information about the wealth of millennials in these ZIP codes. However, a new wave of wealth is happening in Boston, primarily driven by millennials and young families.
Neal J. Riley, a digital producer for WBZ-TV's Boston division, has been at the forefront of reporting on this new wave of prosperity. A graduate of Boston University, Neal's work has been published in The Boston Globe and The San Francisco Chronicle. His tenure at WBZ-TV began in 2014.
While the search results do not provide information about the Digital Producer for Boston on your site or their tenure, one thing is clear: Boston continues to be an expensive place to live, with typical home values in the Top 10 wealthiest ZIP codes being about double the national average.
As the city continues to attract wealthy residents and businesses, it will be interesting to see how this new wave of wealth shapes Boston's future.
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