Massachusetts “best State in the country” to live
Yes that’s right, number 1, according to a report by 24/7WallStreet, a financial website, which ranked States using an index composed of three socioeconomic measures: poverty rate, the percentage of adults who have at least a bachelor’s degree, and life expectancy at birth.
This is what is has to say about Massachusetts:
“As in many of the other best states to live in, Massachusetts residents are quite wealthy. A typical household earns $69,160 each year, the sixth highest annual median household income in the nation. Similarly, the state’s poverty rate of 11.6% is one of the lowest in the nation. As in most states with low poverty rates and high incomes, the average Massachusetts resident will enjoy a relatively long life. The life expectancy at birth in Massachusetts is 80.5 years, versus the national life expectancy of 79 years. Massachusetts’ nation-leading college attainment rate of 41.2% — it is the only state where more than two in five adults have a bachelor’s degree — is a major driver of the state’s strong economy and high quality of life. Students in the state also score well above average on standardized tests.
In states with the best living conditions, demand for housing is often very high, which tends to drive up home values. A typical home in Massachusetts is valued at $338,900, well above the national median home value of $181,200.”
If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
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