Where Are the Millionaires?
Posted by
Sun on
December 24, 2006
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Post viewed 335 times, 1 so far today
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The latest Census Bureau statistics shows there are 3,510,000 millionaires in US based on a sample of federal estate tax returns (Form 706). Millionaire is defined as "those adults with net worth (assets minus liabilities) of $1 million or more." Here's a state-by-state break down of where those millionaires are.
| State | No. of millionaires |
State | No. of millionaires |
| Alabama | 35K | Missouri | 58K |
| Alaska | 6K | Montana | 11 |
| Arizona | 45 | Nebraska | 14K |
| Arkansas | 22K | Nevada | 26K |
| California | 572K | New Hampshire | 17K |
| Colorado | 59K | New Jersey | 178K |
| Connecticut | 83K | New Mexico | 18K |
| Delaware | 11K | New York | 31K |
| D.C. | 11K | North Carolina | 83K |
| Florida | 249K | North Dakota | 5K |
| Georgia | 86K | Ohio | 114K |
| Hawaii | 13K | Oklahoma | 22K |
| Idaho | 13K | Oregon | 41K |
| Illinois | 185K | Pennsylvania | 135 |
| Indiana | 53 | Rhode Island | 13K |
| Iowa | 32K | South Carolina | 40K |
| Kansas | 28K | South Dakota | 10K |
| Kentucky | 26K | Tennessee | 49K |
| Louisiana | 34K | Texas | 182K |
| Maine | 12K | Utah | 14K |
| Maryland | 69K | Vermont | 3K |
| Massachusetts | 105K | Virginia | 94K |
| Michigan | 88K | Washington | 73K |
| Minnesota | 60K | West Virginia | 10K |
| Mississippi | 11K | Wisconsin | 54K |
| Other areas | 1K | Wyoming | 7K |
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California and Florida does not surprise me, Cali have a lot of Actors and Entertainers. And Florida, well it seem to be a retirement havon.
Merry Christmas Sun !
Merry Christmas Sun.
Sun,
Merry Christmas and Happy New Year. The Sun’s Financial Diary has been added to My Wealth Builder’s Personal Finance Friends blog roll.