Business & Tech
How Many Millionaires Live in Melrose?
Tax returns from 2011 show that one out of every 1,613 Melrose residents filed a million-dollar tax return.
Seventeen Melrose residents filed million-dollar tax returns in 2011, an increase of six percent over the previous year.
That means that one out of every 1,613 Melrose residents filed a million-dollar return, reported the Boston Business Journal.
Melrose is short of the Massachusetts average by community, which was 51, but higher than the state median of 14.
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Boston, Newton, Wellesley, Weston and Cambridge were the top five for millionaires, according to BBJ.
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