15 States With the Most Millionaires per Capita in America

If you want to rub shoulders with millionaires, your chances are higher in some U.S. states than in others. Much higher. In the state with the most millionaires, roughly 7.7 percent of the residents are millionaires. However, in the state with the fewest millionaires, only 3.63 percent of residents are millionaires. That’s according to the 2013 Phoenix Global Wealth Monitor U.S. Sizing Report, a ranking of states by millionaires per capita. The report, published by Phoenix Marketing Intelligence, provides yearly estimates of the number of affluent and wealthy households in America. Insidermonkey experts made a list of 15 states with the most millionaires per capita in America.

Though the overall wealth market in the U.S. is growing, the ratio of millionaires to “ordinary” households remains relatively flat, and the states where most of them reside haven’t changed much. According to the most recent edition of Phoenix Marketing International’s Wealth and Affluent Monitor, roughly 6.8 million U.S. households (approximately 5.5 percent of all households) had $1 million or more in invest-able assets as of mid-2016. This number is up slightly over the last five years; it sat at 5.1 percent in 2011. You can also check our list of 25 Richest Cities in the World With the Most Billionaires Per Capita.