: 0.4771 Median household income
: $62,859 (5th highest) Households earning $200,000+
: 9.9% (4th highest) Population living below poverty line
: 11.6% (9th lowest)
Massachusetts is considered by many measures one of the wealthiest states in the country. In 2011, median household income was $62,859, one of the highest figures in the nation. Also, nearly 10% of households earned $200,000 — more than all but three states. Still, in recent years, income in Massachusetts has become less equally distributed and the state’s Gini coefficient rose from 0.467 in 2007 to 0.477 last year. While the percentage of households earning large amounts did not change significantly during that time, median income has fallen by nearly $5,000, from $67,514 in 2007.
(iStock) More From 24/7 Wall St.
: States with the Highest (and Lowest) Taxes 10 Cities with the Hottest Housing Markets 10 Brands Losing the Most Value The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.