Election 2015Municipal Election Results

How Many Millionaires Live in Medford?

moneyThe Boston Business Journal has a created a database of the number of millionaires in Massachusetts communities.

According to the BBJ, Medford had nineteen millionaire tax filers in 2011. The state average is fifty-one.

A BBJ article cites tax data that indicates the number of Massachusetts millionaires is increasing. Over 11,000 MA residents reported an income of at least $1 million in 2011.

Boston, Newton, Wellesley, Weston, and Cambridge were the top five communities for millionaires, according to the BBJ.

– InsideMedford.com

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