Nearly 50 Millionaires on Martha's Vineyard: Data

MARTHA'S VINEYARD, MA — Millionaires are almost everywhere, if you just know where to look, and Massachusetts has more than ever.

New state data for the most recent available year, 2014, shows that 15,422 residents reported an adjusted annual income of $1 million or more to Massachusetts. Including taxpayers living out-of-state, the number is more than 17,000. They total nearly $62 billion in earnings between them, according to data from the state Department of Revenue.

There are about 50 millionaires living on Martha's Vineyard, according to the data. Here's the breakdown by community:

• Aquinnah: 3 or fewer*
• Chilmark: 6
• Edgartown: 16
• Oak Bluffs: 3 or fewer*
• Tisbury: 12
• West Tisbury: 6

*Note: Exact numbers are not provided for those communities with fewer than four millionaires

By contrast, Nantucket has 64 millionaires, according to the data.

The numbers are growing.

The Boston Globe reports that in 2013, the state recorded 12,598 residents who earned over $1 million. In 2004, that number was a mere 7,895 — just over half the 2014 total.

Statewide, 28 municipalities had 100 or more millionaires living within city limits, according to that same 2014 state data. Other places, like Wakefield or Orange, have fewer than four resident millionaires, and are not included in the state data.

These are the communities with the most millionaires:

1. Boston: 2,031
2. Newton: 1,284
3. Wellesley: 853
4. Weston: 555
5. Cambridge: 471
6. Brookline: 470
7. Lexington: 399
8. Needham: 385
9. Hingham: 334
10. Concord: 325

Read more: Meet the Bay State Billionaires — MA's Richest Men And Women in 2016

Photo: Shutterstock

Alison Bauter contributed to this report