This State Has More Millionaires Per Capita Than Any Other

"There are many ways to describe America. Some might call it a veritable patchwork of diverse cultures and social strata. That's a fancy way of saying that prosperity is concentrated in some U.S. states more than in others. As a result, a handful of America's 50 states have more millionaires than others. By the process of elimination, we can pinpoint one U.S. state with the most millionaires per capital, or what we might call "millionaire density.""

"If you guessed that the American state with the most millionaires per capita is California, New York, or perhaps Connecticut, your logic is well founded. Yet, I must report that your answer would be incorrect. The correct response would actually be New Jersey. According to the most recent credible source available, New Jersey had roughly 246,000 households with a net worth of at least $1 million."

America exhibits uneven prosperity across states, producing varying concentrations of millionaire households. Some states host disproportionately large shares of wealth, creating measurable differences in millionaire density. New Jersey leads the nation with roughly 246,000 households possessing at least $1 million in net worth, representing 9.76% of households. Maryland closely follows with 9.72%, and Connecticut ranks third at 9.44%. These percentages show narrow margins among top states despite popular assumptions favoring California or New York. The concentration of millionaires raises questions about state attractiveness for affluent residents and suitability for retirement planning.

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