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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

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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

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  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.