Where Are the U.S.’s Millionaires?

WALL STREET JOURNAL: There were approximately 53,000 more millionaire households in the U.S. last year than in 2012, according to Phoenix, a market research firm based in Rhinebeck, N.Y. About 6.15 million millionaire households are spread across the U.S., according to the report. That means 1 in every 20 households in the U.S. has more than $1 million in investable assets. Those figures don’t include the value of real estate.

Large movements for many states made the latest millionaire rankings unusual. Maine climbed 11 spots over a single year to No. 25 in 2013.
Louisiana jumped 10 to No. 32. Meanwhile, Nevada fell 20 spots to No. 39. Arizona, Florida, Idaho and Michigan all fell by more than 10 positions. From 2011 to 2012, no state changed its rank by more than two positions…

The top of the overall rankings didn’t change much. Maryland was No. 1 for the third consecutive year, with 7.7% of households holding more than $1 million in assets. New Jersey, Connecticut and Hawaii followed. Those four states, in various orders, have led the rankings every year since 2006… (more)

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