Marblehead Has 137 Millionaires, 35 Per 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.

Marblehead had 137 millionaires and comes in eighth in the state in the number of millionaires per square mile (34.7). Boston barely topped Marblehead in this category with 35.1 millionaire filers per square mile. The average reported income for Marblehead’s millionaires was $3 million.

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

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