A million bucks doesn’t go as far as it used to, but it is still a lot of money. Nationally, only 5.8% of households have $1 million or more in investable assets. But the wealth isn’t evenly distributed across the states.
According to Kiplinger the states with the highest concentration of millionaires are as follow:
- Maryland (7.87%)
- New Jersey (7.86%)
- Connecticut (7.75%)
- Hawaii (7.57%)
- Alaska (7.50%)
- Massachusetts (7.41%)
- New Hampshire (7.36%)
You can check out Kiplinger’s entire ranking of Millionaires by state here.
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- The Richest Town in the U.S.A. - February 22, 2019
- Europe Takes Aim at America’s Big Tech Companies with Copyright Demands - February 21, 2019
- Surprise: Battery Powered Cars Don’t Work Well in Extreme Temperatures - February 20, 2019