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Mass. Ranked Fifth Richest State, But How Rich Is Stoneham?

How did Stoneham 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 posted on the DailyFinance website.

The Commonwealth, with a median household income of $64,509, trailed only Connecticut, New Jersey, Alaska, and Maryland. 

But, how does Stoneham compare to the state's averages?

The median household income in Stoneham in 2010, according to the U.S. Census Bureau, was above the state average with an estimated average of $76,574.

During the same time, the state's poverty level was at 10.5 percent, while Stoneham's was a little more than half the state average at 6.5 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. 

Tom M October 09, 2012 at 01:01 PM
No wonder MA has the lowest percentage of the population without health insurance. Because the state of MA fines the less fortunate residents for not being able to afford private health insurance up to $1200 per year.Get health insurance in MA or move away they say. What other state fines the residents for choosing not to pay for health care ??????

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