Community Corner
How Many Millionaires Live in Braintree?
Tax returns from 2011 show that one out of every 1,169 Braintree residents filed a million-dollar tax return.
Thirty one Braintree residents filed million-dollar tax returns in 2011, an increase of 3 percent over the previous year (the town added one millionaire).
That means that one out of every 1,169 residents filed a million-dollar return, reported the Boston Business Journal. That is 2.23 millionaires per square mile.
The average income for the millionaire filers in 2011 was $3,813,000, up significantly from 2010, at $2,196,000.
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The total income for Braintree's millionaires jumped by more than $50 million dollars between those years, to $118,216,000.
Braintree is lower than the Massachusetts average of millionaires by community, which was 51, but higher than the state median, which was 14 per community.
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Boston, Newton, Wellesley, Weston and Cambridge were the top five for millionaires, according to BBJ.
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