Hamilton, Wenham Have 114 Millionaires, Five For Every Square Mile

By Charlene Arsenault

Not only is Massachusetts getting a lot of snow, but there appear to be a blizzard of millionaires in the state.

The Boston Business Journal has released its 2015 Millionaire Report, stating that “in the three years following the Great Recession, the number of Bay State residents reporting at least $1 million in annual income skyrocketed, the amount of their collective earnings bumping up against the $50 billion threshold in 2012 alone. That figure was up by roughly a third from two years prior.”

The BBJ used numbers from the Department of Revenue to compile its annual list. Note that 2012 is the latest tax return list that is available.

Wellesley has the most millionaires per square mile at 75.3, but Boston topped the list of total millionaire filiers (1,698) with Newton coming in second at 1,136 millionaire filers.

Hamilton had 73 millionaire filers (5 per square mile), while Wenham is home to 41 millionaires (5.3 per square mile). The average millionaire income reportedwas $2.9 million in Hamilton and $3.7 million in Wenham.

Click here for details on the findings, including each city or town’s total millionaire income, changes from 2010 and average income per filer.

>>>Stay on top of your local news with Patch’s news alerts and newsletters. Click your Patch name below to sign up.

ANDOVER / BEVERLY / DANVERS / HAMILTON-WENHAM / LYNNFIELD / MARBLEHEAD / NORTH ANDOVER / PEABODY / SALEM / SWAMPSCOTT