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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]

Based on data from Phoenix Marketing International

List

States by number and share of households with more than $1 million in investable assets (2019) [2]
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%

References

  1. ^ "Phoenix MI Reveals Findings from 2019 Millionaires Report". Phoenix MI. Retrieved 2021-05-06.
  2. ^ "Millionaires in America 2020: All 50 States Ranked". Kiplinger. Retrieved 2021-05-06.