What Town in MA Has the Most Millionaires?

The town widely recognized as the wealthiest in Massachusetts, and thus home to a significant concentration of millionaires, is Dover, Massachusetts.

Massachusetts' Wealthiest Town: Dover

Dover, a town located in Norfolk County, southwest of Boston, stands out as the No. 1 richest community in Massachusetts based on recent rankings. This affluent area is home to approximately 6,000 residents across about 781 households, indicating a high concentration of wealth. Its status as the richest town is a strong indicator of a considerable number of affluent individuals, including millionaires, residing within its borders.

Understanding Wealth in Dover

While specific counts of "most millionaires" can fluctuate and are not always publicly available, a town's designation as the "richest" typically reflects high median household incomes and property values. These financial indicators collectively point to a community with substantial wealth, naturally attracting and retaining a high number of millionaires. Dover's top ranking in wealth suggests it holds a leading position in terms of the number or density of wealthy residents in the state.

Here's a snapshot of key information about Dover:

The town's desirability, often linked to its high-performing schools, scenic landscapes, and proximity to Boston while maintaining a rural feel, contributes to its affluent demographic and high property values, cementing its reputation as a prime location for wealthy residents in Massachusetts.