Here’s Where The Most Millionaires Live Across The United States? The Result Might Surprise You!
Not surprisingly, Maryland has the highest percentage of millionaire households of any state in America for 2018, that’s according to Kiplinger’s calculations. More than 7.87 percent of Marylanders have more than $1 million in investable assets.
Maryland is home to some of the world’s wealthiest people: real estate mogul Ted Lerner & family ($4.7 billion fortune); Stephen Bisciotti ($4.7 billion fortune), Baltimore Ravens Owner; Carlyle Group co-CEO David Rubenstein ($2.8 billion fortune); and the Washington Redskins owner Dan Snyder ($2.3 billion).
Maryland is also loaded with giant companies. Lockheed Martin, Northrop Grumman, Fort Meade, Mars, Marriott Corporation are just a few of the major firms headquartered there.
Millionaires are scattered across the United States, with various states boasting different percentage of high-net-worth individuals. So where will you find all of America’s millionaires?
Here’s a look at the millionaire ratings for all 50 states (and the District of Columbia)
51. Mississippi
Millionaire households: 45,771
Total households: 1,134,578
Concentration of millionaires: 4.03%
50. West Virginia
Millionaire households: 32,082
Total households: 763,797
Concentration of millionaires: 4.20%
49. Arkansas
Millionaire households: 50,106
Total households: 1,178,438
Concentration of millionaires: 4.25%
48. Kentucky
Millionaire households: 79,205
Total households: 1,768,852
Concentration of millionaires: 4.48%
47. Alabama
Millionaire households: 88,880
Total households: 1,928,669
Concentration of millionaires: 4.61%
46. Tennessee
Millionaire households: 122,585
Total households: 2,625,681
Concentration of millionaires: 4.67%
45. Idaho
Millionaire households: 30,110
Total households: 625,834
Concentration of millionaires: 4.81%
44. South Carolina
Millionaire households: 94,675
Total households: 1,960,255
Concentration of millionaires: 4.83%
43. Louisiana
Millionaire households: 88,371
Total households: 1,818,504
Concentration of millionaires: 4.86%
42. North Carolina
Millionaire households: 196,094
Total households: 4,019,126
Concentration of millionaires: 4.88%
41. New Mexico
Millionaire households: 40,031
Total households: 810,609
Concentration of millionaires: 4.94%
40. Montana
Millionaire households: 21,953
Total households: 441,222
Concentration of millionaires: 4.98%
39. Oklahoma
Millionaire households: 76,819
Total households: 1,543,599
Concentration of millionaires: 4.98%
38. Indiana
Millionaire households: 128,600
Total households: 2,575,466
Concentration of millionaires: 4.99%
37. Missouri
Millionaire households: 122,323
Total households: 2,439,229
Concentration of millionaires: 5.01%
36. South Dakota
Millionaire households: 17,772
Total households: 349,397
Concentration of millionaires: 5.09%
35. Nevada
Millionaire households: 56,452
Total households: 1,096,916
Concentration of millionaires: 5.15%
34. Maine
Millionaire households: 29,301
Total households: 565,293
Concentration of millionaires: 5.18%
33. Ohio
Millionaire households: 243,118
Total households: 4,685,647
Concentration of millionaires: 5.19%
32. Georgia
Millionaire households: 200,395
Total households: 3,854,460
Concentration of millionaires: 5.20%
31. Florida
Millionaire households: 427,824
Total households: 8,173,428
Concentration of millionaires: 5.23%
30. Arizona
Millionaire households: 137,359
Total households: 2,595,635
Concentration of millionaires: 5.29%
29. Michigan
Millionaire households: 210,957
Total households: 3,939,976
Concentration of millionaires: 5.35%
28. Wisconsin
Millionaire households: 127,260
Total households: 2,354,510
Concentration of millionaires: 5.40%
27. Kansas
Millionaire households: 62,168
Total households: 1,144,287
Concentration of millionaires: 5.43%
26. Nebraska
Millionaire households: 41,348
Total households: 760,510
Concentration of millionaires: 5.44%
25. Oregon
Millionaire households: 89,383
Total households: 1,639,493
Concentration of millionaires: 5.45%
24. Iowa
Millionaire households: 71,212
Total households: 1,270,566
Concentration of millionaires: 5.60%
23. Texas
Millionaire households: 566,578
Total households: 10,005,417
Concentration of millionaires: 5.66%
22. Pennsylvania
Millionaire households: 294,002
Total households: 5,099,166
Concentration of millionaires: 5.77%
21. Vermont
Millionaire households: 15,363
Total households: 261,095
Concentration of millionaires: 5.88%
20. North Dakota
Millionaire households: 19,662
Total households: 327,536
Concentration of millionaires: 6.0%
19. Utah
Millionaire households: 59,390
Total households: 978,826
Concentration of millionaires: 6.07%
18. Illinois
Millionaire households: 300,142
Total households: 4,886,159
Concentration of millionaires: 6.14%
17. New York
Millionaire households: 465,479
Total households: 7,568,120
Concentration of millionaires: 6.15%
16. Rhode Island
Millionaire households: 26,032
Total households: 418,815
Concentration of millionaires: 6.22%
15. Wyoming
Millionaire households: 14,989
Total households: 240,378
Concentration of millionaires: 6.24%
14. Colorado
Millionaire households: 143,564
Total households: 2,217,977
Concentration of millionaires: 6.47%
13. Washington
Millionaire households: 186,396
Total households: 2,865,392
Concentration of millionaires: 6.51%
12. Minnesota
Millionaire households: 144,944
Total households: 2,206,236
Concentration of millionaires: 6.57%
11. District of Colombia
Millionaire households: 20,534
Total households: 312,546
Concentration of millionaires: 6.57%
10. California
Millionaire households: 885,225
Total households: 13,384,483
Concentration of millionaires: 6.61%
9. Delaware
Millionaire households: 24,212
Total households: 365,666
Concentration of millionaires: 6.62%
8. Virginia
Millionaire households: 226,167
Total households: 3,242,493
Concentration of millionaires: 6.98%
7. New Hampshire
Millionaire households: 39,209
Total households: 532,376
Concentration of millionaires: 7.36%
6. Massachusetts
Millionaire households: 198,750
Total households: 2,682,402
Concentration of millionaires: 7.41%
Median income for all households: $70,954
5. Alaska
Millionaire households: 20,444
Total households: 272,496
Concentration of millionaires: 7.50%
4. Hawaii
Millionaire households: 36,903
Total households: 487,708
Concentration of millionaires: 7.57%
3. Connecticut
Millionaire households: 106,892
Total households: 1,379,979
Concentration of millionaires: 7.75%
2. New Jersey
Millionaire households: 258,988
Total households: 3,294,365
Concentration of millionaires: 7.86%
1. Maryland
Millionaire households: 178,003
Total households: 2,263,021
Concentration of millionaires: 7.87%
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