Community Corner

How Many Millionaires Live in Medford?

The latest data recently came out.

Nineteen Medford residents filed million-dollar tax returns in 2011, an increase of 6 percent over the previous year.

That means that one out of every 3,002 residents filed a million-dollar return, the Boston Business Journal reported.

Medford is short of the Massachusetts average by community, which was 51, but higher than the state median, which was 14.

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

Read the full Boston Business Journal report >>

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