Lincoln’s population may be small, but it’s near the top of the list in the its concentration of millionaires among its residents in 2012, according to this recent Boston Globe article.
The Globe article includes a map showing each town’s number of millionaires per 1,000 residents. The state’s largest city, Boston, has the largest overall number of millionaire taxpayers (1,698), followed by Newton (1,136), Wellesley (767), Weston (529), Brookline (442), and Lexington (379). Gosnold, which comprises the Elizabeth Islands, is an outlier in millionaire concentration, with only 75 residents but 19 millionaires. About two-thirds of Gosnold residents live on Cuttyhunk Island and almost all the rest on Naushon Island, which is privately owned by the Forbes family.
| Town | Number of millionaires per 1,000 residents |
| Gosnold | 253 |
| Weston | 47 |
| Dover | 36 |
| Wellesley | 27 |
| Lincoln | 22 |
| Sherborn | 21 |
| Manchester | 19 |
| Concord | 17 |
| Cohasset | 17 |
| Wayland | 15 |
| Lexington | 12 |
Source: Boston Globe, April 22, 2015
An earlier Globe article noted that Lincoln has the third-highest average property tax bill in the state (see the Lincoln Squirrel, April 15, 2015).
Leave a Reply