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The main setting of this novel is the city of Boston which is located in the United States of America. Boston is the home city of both the Lapham and the Corey families. The city of Boston is also the location of Lapham's offices for his mineral paint business. The Lapham's main house, located on Nankeen Square, as well as their cottage in Nantasket are some of the more often seen settings in the book. The new house that Lapham is having built on the water side of Beacon Street is also an important setting in the novel. This structure is important because is symbolizes the rise and fall of Lapham's fortune.