Business & Tech

How Many Millionaires Live in Belmont?

The Boston Business Journal recently looked at where the most millionaires live in the state by town.

Boston suburbs continue to top the list of towns and cities with the most millionaires, according to the latest report from the Massachusetts Department of Revenue.

The Boston Business Journal reported the towns and cities in Massachusetts with the most million-dollar income earners in 2013, which is the most recent year for which statistics are available.

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Belmont came in at No. 6 on the list. In 2013, there were 182 millionaire tax filers in town. With a population of 25,332 and 4.7 square miles within the town borders, that means there are 39.1 millionaires per square mile in town.

Wellesley, Cambridge and Brookline topped the list, with 726 millionaire filers in Wellesley at 71 per square mile.

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Among the top 30, all but Milton and Natick continued to report year-after-year declines in the number of millionaires, said the BBJ.

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