Maryland has more millionaires than any other state, although Virginia and District of Columbia households aren’t too shabby either.
WTOPreports that wealth research firm Phoenix Marketing International’s annual list ranking states by millionaires says 167,287 Maryland households, or 7.7 percent of all households in the state, have investable assets of $1 million or more, the highest concentration of millionaires per capita in the country. It is the third consecutive year Maryland has ranked No. 1.
Virginia ranks No. 7, at 6.64 percent of all households. When the District is included with states, it ranks No. 10, at 6.10 percent of all households, WTOP says.
The Top 10 states for concentration of millionaires per capita, according to Phoenix Marketing International:
• Maryland, 7.7 percent
• New Jersey, 7.49 percent
• Connecticut, 7.32 percent
• Hawaii, 7.18 percent
• Alaska, 6.75 percent
• Massachusetts, 6.73 percent
• Virginia, 6.64 percent
• New Hampshire, 6.48 percent
• Delaware, 6.20 percent
• District of Columbia, 6.10 percent