Community Corner

How Many Millionaires Live in Salem?

Tax returns from 2011 show that one out of every 3,838 Salem residents filed a million-dollar tax return.

11 Salem residents filed million-dollar tax returns in 2011.

That means that one out of every 3,838 residents filed a million-dollar return, reported the Boston Business Journal.

Salem is short of the Massachusetts average by community, which was 51, and the state median, which was 14.

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Boston, Newton, Wellesley, Weston and Cambridge were the top five for millionaires, according to BBJ.

Read the full Boston Business Journal report here. 

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