More than 15,000 Mass. residents made more than $1 million. Here’s where they live.
The Massachusetts Department of Revenue has released its latest report on million-dollar earners in each city and town across the state.
Altogether, there were 15,422 residents statewide who reported an adjusted gross income of more than $1 million in the 2014 tax year, the most recent year for which data is available.
That marked a 22 percent increase from the 12,598 residents who earned over $1 million in 2013, and a 47 percent increase from the number of million-dollar-earning residents in 2010.
Going back even further, in 2004, there were just 7,895 residents who reported an adjusted gross income of more than $1 million. That’s about half the number for 2014.
The total number for 2014 means that about 2 in every 1,000 Massachusetts residents was a million-dollar earner that year.
Some municipalities had much higher ratios of residents raking in seven figures in 2014, just as in previous years.
Weston had the highest proportion of million-dollar earners, about 47 per 1,000 residents, followed by Dover (40), Wellesley (30), Lincoln (21), and Sherborn (20).
In terms of raw numbers, Boston boasted the most million-dollar earners for the year, at 2,031, followed by Newton (1,284), Wellesley (853), Weston (555), and Cambridge (471).
How many million-dollar earners live in your hometown? Check out the maps below to find out.