Where Millionaires Live in America

A million dollars ain’t what it used to be, but it still earns you entry into an elite group. Only 5.5% of the country, or about 6.8 million households, qualify as bona fide millionaires. That means they have investable assets of $1 million or more, excluding the value of real estate, employer-sponsored retirement plans and business partnerships.

Large populations and lucrative industries make New York and Los Angeles home to the most millionaires in America. No surprise there. However, it might surprise you that neither of these metropolises places among the top 10 cities with the highest concentration of millionaires.

Phoenix Marketing International, a firm that tracks the affluent market, ranked 915 urban areas, both large and small, based on the percentage of millionaire households in each. The following list of cities is limited to metropolitan areas with at least one urbanized area with a population of 50,000 or more. We will examine small cities with big millionaire populations in a separate story. Here are the 10 largest metropolitan areas boasting the highest concentration of millionaires in the U.S.

from Kiplinger’s Personal Finance http://bit.ly/2qOW9KK
via IFTTT

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s