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14°
Tuesday, feb 18
Tag:
Household Income
News
MA Among Best States For Grocery Affordability Based On Income, New Study Says
Inflation and soaring grocery prices are squeezing US households at the beginning of 2025, but a new study says Northeast families are spending less of their income on food than other parts of the country. A study from WalletHub called States Where People Spend the Most & Least on Groceries was released on Thursday, Feb. 13. Despite higher food costs, residents in many Northeast and mid-Atlantic states spend a smaller share of their incomes on groceries compared to others. WalletHub said the cost of groceries has surged more than 25 percent since 2019, straining household…
Lifestyle
Brand-New Rankings Reveal Massachusetts' Wealthiest Counties
A new ranking shows how Massachusetts counties stack up against one another when it comes to financial earnings. Using data from the US Census Bureau, Stacker ranked Massachusetts counties by 2020 5-year estimate median household income. For comparison, the 2020 median household income in the United States was $67,521. In Massachusetts, it was $86,725. No. 5 Coming in at No. 5 is Essex County, with a median household income of $82,225. That’s 2.6 percent below the state average and 26.5 percent above the national average. Data showed that 41.5 percent of households in the county earned o…