Last year, almost 5.2% of the US’ 119.2 million households had more than $1 million in investable assets, according to [pdf] a study from Phoenix Marketing International (PMI). But those per capita figures varied widely from one state to the next, with the top state by this measure having more than twice as many millionaires per capita as the bottom state. From 2006 through 2013, three different states have held the top rank, while one has lagged at the bottom each of those years save for 2012.
In 2013, New Jersey and Connecticut each moved up a spot, taking the second and third positions respectively. Each of their millionaire household ratios (7.49% and 7.32%) would have taken the top spot in any of the prior 7 years, a function not only of rising millionaire ratios across the country, but also of above-average growth in those states.
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