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How Many Millionaires Live in Medford?

The latest data recently came out.

Patch file photo.
Patch file photo.

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.

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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