As for which state boasts the highest concentration of millionaires, Maryland takes the top spot with 7.87% of its population, followed closely by New Jersey with 7.86%, and Connecticut, where 7.75% of residents are in the seven-digit club. Here's how the top 10 stacks up, ranked in terms of percentage of resident millionaire households.
10. California: 885,225 millionaires (6.61%)
9. Delaware: 24,212 millionaires (6.62%)
8. Virginia: 226,167 millionaires (6.98%)
7. New Hampshire: 39,209 millionaires (7.36%)
6. Massachusetts: 198,750 millionaires (7.41%)
5. Alaska: 20,444 millionaires (7.5%)
4. Hawaii: 36,903 millionaires (7.57%)
3. Connecticut: 106,892 millionaires (7.75%)
2. New Jersey: 258,988 millionaires (7.86%)
1. Maryland: 178,003 millionaires (7.87%)
As HowMuch points out, if your goal is to achieve millionaire status, moving to a state with a huge a economy like California or New York isn't necessarily going to give you the best odds, since many states with smaller economies boast more millionaires as a percentage of their population.
Also, it's kind of incredible to see just how much wealth there is in America, considering there are 36 states where millionaires make up at least 5% of its population. Then again, if you're not raking in millions quite yet, there are still plenty of great places where you can live high on the hog without shelling out too much money.