Business & Tech

More Brookline Residents Earning $1 Million Or More

The number of Brookline residents reporting income of $1 million or more increased by 16 percent in 2017.

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Jenna Fisher, Patch StaffVerified Patch Staff Badge
The number of Brookline residents reporting income of $1 million or more increased by 16 percent in 2017.
The number of Brookline residents reporting income of $1 million or more increased by 16 percent in 2017. (Shuterstock)

BROOKLINE, MA — There were 537 Brookline residents who reported adjusted gross income of $1 million or more in 2017, the most recent year for which data is available. That was up 16 percent from 464 in 2016, according to Massachusetts Department of Revenue data.

This comes at Brookline is struggling to find ways to keep the town economically diverse.

According to the Boston Business Journal, which first reported the data story, a strong economy and stock market so a statewide increase in the number of million-dollar earners in 2016. Statewide, there were 18,090 people who filed at more than $1 million in 2017, up 12 percent from 2016.

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Here's the top 10 list of communities with the most residents reporting income of $1 million or more in 2017:

  1. Boston
  2. Newton
  3. Wellesley
  4. Weston
  5. Cambridge
  6. Brookline
  7. Lexington
  8. Needham
  9. Hingham
  10. Concord

Related: Newton Businesses Say Housing Shortage Makes It Hard To Hire ...

Find out what's happening in Brooklinefor free with the latest updates from Patch.

- Patch reporter Dave Copeland contributed to this report.

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