Business & Tech
More Winchester Residents Earning $1 Million Or More
The number of Winchester residents reporting income of $1 million or more increased 12.1 percent in 2017.
WINCHESTER, MA — There were 351 Winchester residents who reported adjusted gross income of $1 million or more in 2017, the most recent year for which data is available. That was up 12.1 percent from 313 in 2016, according to Massachusetts Department of Revenue data.
According to the Boston Business Journal, which first reported this story, a strong economy and stock market saw a statewide increase in the number of million-dollar earners in 2016. Statewide, there were 18,090 million-dollar filers in 2017, up 12 percent from 2016.
Here's the top 25 list of Massachusetts communities with the most residents reporting income of $1 million or more in 2017:
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- Boston
- Newton
- Wellesley
- Weston
- Cambridge
- Brookline
- Lexington
- Needham
- Hingham
- Concord
- Winchester
- Andover
- Sudbury
- Belmont
- Wayland
- Marblehead
- Dover
- Milton
- Westwood
- Lincoln
- Duxbury
- Cohasset
- Hopkinton
- Medfield
- Natick
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