How Many Millionaires Live in Winchester?

By Charlene Arsenault (Patch Staff)

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

Winchester was ranked no. 6, out of 242 towns and cities, with 44 millionaires per square mile in The Boston Business Journal’s 2015 Millionaire Report.

Wellesley topped the list, with 75.3 millionaires per square mile, but Newton had the most millionaire filers in 2012, with 1,136.

Winchester had 266 millionaire filers in 2012. That’s up from 230 in 2011. The average income per filer in Winchester was $2,565,360.

The BBJ report states 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.

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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