The analysis revealed Baltimore, Maryland, as the 'richest' city in the U.S. with the highest rate of households having over $1 million in investable assets at 9.92%. Baltimore also boasts the highest median household income by state at $97,501, indicating that wealth is not only about the number of millionaires but also how they relate to the overall population and economic contexts of cities.
Boston, Massachusetts and Newark, New Jersey took the second and third spots in the wealth index. Boston's percentage of millionaire households stands at 9.6% while Newark's is at 9.89%. Both cities' median household incomes hover just below the $97,000 mark, showing a trend where urban centers with high household incomes also tend to have substantial percentages of millionaires.
Collection
[
|
...
]