Lexington, MA, is a wealthy town. Its median annual household income is approximately $206,000—more than double of the state of Massachusetts ($97,000) and the United States ($75,000). 

The Lexington Observer broke down 10 years of Census Bureau Data to investigate how income disparity in Lexington has grown in the last decade. After 2016, Lexington’s median household income grew by 7% per year, higher than the state and national rates. The number of households with incomes higher than $200,000 grew by 75% over 10 years. 

Mirroring this wealth increase are home value changes in Lexington. As one of Massachusetts’ most expensive housing markets, more than half of the homes in Lexington are valued at $1 million or more. Demand for homes in Lexington has resulted in a significant housing shortage, although the town is now constructing additional housing units as part of a multi-family zoning plan to comply with the MBTA communities act. Some residents believe the MBTA zoning plan will make Lexington more diverse, as well as affordable for prospective residents.

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