List of U.S. states by the number of millionaire households

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MillionaireHouseholds

The list of U.S. states by the number of millionaire households provides a ranking of the 50 U.S. states based on the number of households with a net worth of $1 million or more. This list is often used to gauge the distribution of wealth across the United States and to understand economic disparities among different regions.

Overview

A millionaire household is defined as a household with a net worth of $1 million or more, excluding the value of the primary residence. The data for this list is typically gathered from surveys and reports conducted by financial institutions and research organizations.

Top States

The states with the highest number of millionaire households are often those with large populations and strong economies. States like California, New York, and Texas frequently top the list due to their large urban centers and high-income industries.

California

California consistently ranks at the top due to its large population and the presence of high-income industries such as technology, entertainment, and finance. Cities like Los Angeles, San Francisco, and San Diego contribute significantly to the state's wealth.

New York

New York is another state with a high number of millionaire households, largely due to the financial hub of New York City. The state's economy is bolstered by industries such as finance, media, and real estate.

Texas

Texas ranks high on the list due to its large population and diverse economy. Major cities like Houston, Dallas, and Austin are centers of wealth and economic activity.

Other Notable States

Other states with significant numbers of millionaire households include Florida, Illinois, and Massachusetts. These states have diverse economies and large urban centers that contribute to their wealth.

Factors Influencing Wealth Distribution

Several factors influence the distribution of millionaire households across the United States, including:

• Population density
• Economic development
• Industry presence
• Cost of living
• Tax policies

Related Pages

• List of U.S. states by income
• List of U.S. states by GDP
• Wealth in the United States
• Income inequality in the United States

See Also

• Millionaire
• Economy of the United States
• Personal finance