Community Corner
How Many Millionaires Live in Swampscott?
Swampscott ranks among near the top of the list of towns where millionaires live, according to the Massachusetts Department of Revenue.
Boston suburbs continue to top the list of towns and cities with the most millionaires per square mile, according to the latest report from the Massachusetts Department of Revenue.
The Boston Business Journal reported the state’s Top 20 towns and cities with the most million-dollar income earners in 2013, which is the most recent year for which statistics are available.
Swampscott came in at No. 12 on the list. In 2013, there were 59 millionaire tax-filers in Swampscott. With just 3.1 square miles within the town borders, that means there are 19 millionaires per square mile in town.
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Put another way, there’s a millionaire for every 236 Swampscott residents based on a population of 13,951.
Wellesley, Cambridge and Brookline topped the list, with 726 millionaire filers in Wellesley at 71 per square mile.
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Among the top 20, all but Milton and Natick continued to report year-after-year declines in the number of Millionaires, said the BBJ.
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