Boston

Here's how Boston's growth in millionaires compares to other cities

The Boston area had 42,900 millionaires in 2023 — more than the entire population of Braintree

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When it comes to the "haves" versus the "have-nots," there are a lot more "haves" living in and around Boston than there were a decade ago.

The number of millionaires in the Boston area rose 55% since 2013, according to a report released this month by the investment analyst firm Henley & Partners.

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Boston’s growth in millionaires was about typical for the country’s 11 largest metro areas by millionaires, as detailed by Henley & Partners. In fact, that 55% increase over the past decade actually falls short of the 62% rate of growth for all those 11 cities.

The Boston area had 42,900 millionaires in 2023. That's more than the entire population of Braintree, and nearly as many as Arlington.

More on this story from Boston Business Journal

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