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How Many Millionaires Live in Chelmsford?

There are more than there used to be.

By Les Masterson

Thirty-one Chelmsford residents filed million-dollar tax returns in 2011, seven more than the previous year.

That means that one out of every 1,114 residents filed a million-dollar return, reported the Boston Business Journal.

Chelmsford is short of the Massachusetts average by community, which was 51, but higher than the state median, which was 14.

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

Read the full Boston Business Journal report here. 

Search by town here.

steve forte January 27, 2014 at 10:07 AM
Some would disagree . A millionaire (originally and sometimes still millionnaire[1]) is an individual whose net worth or wealth is equal to or exceeds one million units of currency. http://en.wikipedia.org/wiki/Millionaire
Rob C January 27, 2014 at 01:24 PM
Merriam Webster defines a millionaire as a person who’s wealth is valued at one million or more currency units. (Dollars, Pounds, Euros) Technically a person could earn one million dollars a year and still not be a millionaire if he/she spends it all and amasses no assets while doing so.
Tyler Jozefowicz January 27, 2014 at 02:38 PM
The dictionary definition you state is correct. As far as the survey goes , the survey is addressing million dollar tax returns which deal only with income , not assets.
Rob C January 27, 2014 at 03:31 PM
Andrew has the title of the story and the answer all wrong then. He asks how many millionaires live in town and gives the answer to a different question. The title should have been “how many in town earned more than a million a year?”. I would be interested to know the actual answer to the question he poses in the title. I would think that there are between 4 and 5 hundred millionaire households in town.
steve forte January 27, 2014 at 04:17 PM
Rob , that was my first thought when I read the title.

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