Jump to content

List of U.S. states by the number of millionaire households

From Wikipedia, the free encyclopedia

This is a list of U.S. states and federal district by the number of households with more than $1 million in investable assets as of 2020 (data for the year 2019). The list is compiled annually by market research firm Phoenix Marketing International.[1]

Based on data from Phoenix Marketing International

List

[edit]
States by number and share of households with more than $1 million in investable assets (2019)[2]
Rank State Number of millionaire households Share of millionaire households
1 California 1,147,251 8.51%
2 Texas 650,216 6.32%
3 New York 570,456 7.52%
4 Florida 496,971 5.87%
5 Illinois 346,873 7.13%
6 Pennsylvania 328,859 6.44%
7 New Jersey 323,443 9.76%
8 Virginia 272,103 8.31%
9 Ohio 261,157 5.54%
10 Massachusetts 254,201 9.38%
11 Georgia 239,287 6.07%
12 Michigan 236,858 5.97%
13 Washington 233,155 7.85%
14 North Carolina 224,054 5.45%
15 Maryland 221,189 9.72%
16 Colorado 170,223 7.48%
17 Minnesota 167,206 7.43%
18 Arizona 161,014 6.03%
19 Tennessee 139,335 5.21%
20 Indiana 138,739 5.34%
21 Wisconsin 138,283 5.83%
22 Missouri 132,176 5.39%
23 Connecticut 130,291 9.44%
24 Oregon 108,858 6.43%
25 South Carolina 108,812 5.40%
26 Alabama 94,259 4.87%
27 Louisiana 87,565 4.81%
28 Kentucky 83,624 4.69%
29 Oklahoma 75,567 4.90%
30 Iowa 73,129 5.71%
31 Utah 71,613 7.05%
32 Kansas 66,406 5.81%
33 Nevada 63,752 5.61%
34 Arkansas 51,532 4.33%
35 Mississippi 47,279 4.18%
36 New Hampshire 45,758 8.47%
37 Nebraska 45,130 5.86%
38 Hawaii 44,383 9.20%
39 New Mexico 40,450 4.97%
40 Idaho 33,656 5.14%
41 Maine 31,993 5.60%
42 West Virginia 31,535 4.21%
43 District of Columbia 29,506 9.12%
44 Rhode Island 28,165 6.69%
45 Delaware 25,937 6.98%
46 Montana 23,785 5.28%
47 Alaska 22,302 8.18%
48 North Dakota 20,002 6.16%
49 South Dakota 18,905 5.33%
50 Vermont 16,411 6.29%
51 Wyoming 12,849 5.45%

References

[edit]
  1. ^ "Phoenix MI Reveals Findings from 2019 Millionaires Report". Phoenix MI. Retrieved 2021-05-06.
  2. ^ "Millionaires in America 2020: All 50 States Ranked". Kiplinger. Retrieved 2021-05-06.