Mass. Ranked Fifth Richest State, How Does Norwood 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 town of Norwood compare to the state's averages?
The median household income in Norwood between 2006-2010, according to the US Census Bureau, was $72,472, which is roughly $10,000 more than the state's average during these years.
During the same time, the state's poverty level was at 10.5 percent, while Norwood's poverty figure was much lower, at 6.1 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.