Where Are the Millionaires?

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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3 Responses to “Where Are the Millionaires?”

  1. moneymonk |  Dec 24, 2006 at 11:56 am

    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 !

  2. TMT |  Dec 24, 2006 at 1:28 pm

    Merry Christmas Sun.

  3. Super Saver |  Dec 24, 2006 at 4:00 pm

    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.