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Massachusetts: This is the Richest Zip Code in the State

Author Anne Erickson
Getty Images / hikesterson

Each U.S. state has a wealthiest zip code. But, of course, that number varies a lot per state, since every state has a different cost of living. For example, one state’s wealthiest zip code might seem like peanuts compared to another state’s numbers. But, it’s all relative. So, have you ever wondered what’s the richest zip code in Massachusetts? Let’s get into the latest data, as it changes constantly.

First, let’s look at the most expensive place to live in the entire U.S. Do you have any guesses? It’s in California, which is not a big surprise. Everyone loves sunny California. The Bel Air neighborhood in Los Angeles is the most expensive place to live in the entire country, according to the latest numbers from the United States Census Bureau. That totally makes me think of “The Fresh Prince of Bel-Air.” Homes in Bel Air have a median price of $8,625,000, according to a Realtor.com study on the most expensive ZIP codes in the U.S. As for methodology, Realtor.com used data on the “highest median home list price in October” of 2023, “excluding areas with fewer than 25 listings.” They also note that, “Many are upscale vacation destinations popular with the uber-wealthy.”

As for where you can get a deal, according to the U.S. Census Bureau numbers, rural states have homes with the most affordable ZIP codes, in general. Also, the current U.S. median home price of $431,000, according to the latest U.S. Census data. That still seems high to me, but you’re factoring in states such as the aforementioned California, so there’s that.

So, what’s the richest zip code in Massachusetts? According to Realtor.com, it’s actually in Boston with the zip code of 02108. There, the median list price is $5,687,500, and the median square footage is 3,468. Find the full list of expensive zip codes for all the states here.

Do You Have More or Less in Your 401K Than Most People Your Age?

  • Under 25 years old

    In this age group, the average 401K balance is $5,236 and the median is $1,948. You’re obviously just getting your feet wet in investing. Some people fresh out of high school or college probably don’t have anything in their 401Ks at this point.

  • Between 25-34

    In this age group, the average 401K balance is $30,017 and the median is $11,357. This is significantly higher than the under 25 age range. But, it’s definitely not enough to retire on. So, keep grinding.

  • Between 35-44

    In this age group, the average 401K balance is $76,354 and the median is $28,318. Notice the big difference between average and median. Obviously, with the median, that means half of people in that age group have less than $28,318 and half have more.

  • Between 45-54

    In this age group, the average 401K balance is $142,069 and the median is $48,301. This is another one where the average and median are very different. Half of people in that age group have less than $48,301 and half have more.

  • Between 55-64

    In this age group, the average 401K balance is $207,874 and the median is $71,168. Some people “early retire” in this age group. But, only if you have enough cash. People with pensions are sometimes able to retire in this age group. Also, you can receive Social Security retirement benefits as early as age 62.

  • 65 and older

    In this age group, the average 401K balance is $232,710 and the median is $70,620. Since you can receive Social Security retirement benefits as early as age 62, many people do choose to retire when they hit 65.

  • The average and median 401(k) balance by age

    So, there you have it, the average and median 401K balance by age. The stats are from Vanguard’s “How America Saves 2023” report, which offers data on the average and median 401K account balances by age. Find the full report here.

    Happy Senior Old Retired Couple Walking Holding Hands on Beach at Sunset

    Getty Images / dmbaker

Anne Erickson started her radio career shortly after graduating from Michigan State University and has worked on-air in Detroit, Flint, Toledo, Lansing and beyond. As someone who absolutely loves rock, metal and alt music, she instantly fell in love with radio and hasn’t looked back. When she’s not working, Anne makes her own music with her band, Upon Wings, and she also loves cheering on her favorite Detroit and Michigan sports teams, especially Lions and MSU football. Anne is also an award-winning journalist, and her byline has run in a variety of national publications. You can also hear her weekends on WRIF.

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Author Anne Erickson
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