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]
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% |
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