Community Corner

How Many Millionaires Live in Hingham?

Tax returns from 2011 show that one out of every 90 Hingham residents filed a million-dollar tax return.

By Les Masterson

Two hundred and forty eight Hingham residents filed million-dollar tax returns in 2011, an increase of 26 percent over the previous year (the town added 51 millionaires).

That means that one out of every 90 residents filed a million-dollar return, reported the Boston Business Journal. It is 11.04 millionaires per square mile.

The average income for the Hingham millionaire filers in 2011 was $2,555,000, up slightly from 2010, at $2,528,000.

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

The total income for Hingham's millionaires jumped by more than $35 million dollars between those years, to $633,661,000.

Hingham beats the Massachusetts average of millionaires by community, which was 51, and is also higher than the state median, which was 14 per community.

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

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

Read the full Boston Business Journal report here. 

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