List of U.S. states by the number of millionaire households

This is a list of U.S. states and federal district by the number of households with more than $1 million in investable assets as of 2020 (data for the year 2019). The list is compiled annually by market research firm Phoenix Marketing International.^[1]

Based on data from Phoenix Marketing International

List

States by number and share of households with more than $1 million in investable assets (2019)^[2]

Rank	State	Number of millionaire households	Share of millionaire households
1	California	1,147,251	8.51%
2	Texas	650,216	6.32%
3	New York	570,456	7.52%
4	Florida	496,971	5.87%
5	Illinois	346,873	7.13%
6	Pennsylvania	328,859	6.44%
7	New Jersey	323,443	9.76%
8	Virginia	272,103	8.31%
9	Ohio	261,157	5.54%
10	Massachusetts	254,201	9.38%
11	Georgia	239,287	6.07%
12	Michigan	236,858	5.97%
13	Washington	233,155	7.85%
14	North Carolina	224,054	5.45%
15	Maryland	221,189	9.72%
16	Colorado	170,223	7.48%
17	Minnesota	167,206	7.43%
18	Arizona	161,014	6.03%
19	Tennessee	139,335	5.21%
20	Indiana	138,739	5.34%
21	Wisconsin	138,283	5.83%
22	Missouri	132,176	5.39%
23	Connecticut	130,291	9.44%
24	Oregon	108,858	6.43%
25	South Carolina	108,812	5.40%
26	Alabama	94,259	4.87%
27	Louisiana	87,565	4.81%
28	Kentucky	83,624	4.69%
29	Oklahoma	75,567	4.90%
30	Iowa	73,129	5.71%
31	Utah	71,613	7.05%
32	Kansas	66,406	5.81%
33	Nevada	63,752	5.61%
34	Arkansas	51,532	4.33%
35	Mississippi	47,279	4.18%
36	New Hampshire	45,758	8.47%
37	Nebraska	45,130	5.86%
38	Hawaii	44,383	9.20%
39	New Mexico	40,450	4.97%
40	Idaho	33,656	5.14%
41	Maine	31,993	5.60%
42	West Virginia	31,535	4.21%
43	District of Columbia	29,506	9.12%
44	Rhode Island	28,165	6.69%
45	Delaware	25,937	6.98%
46	Montana	23,785	5.28%
47	Alaska	22,302	8.18%
48	North Dakota	20,002	6.16%
49	South Dakota	18,905	5.33%
50	Vermont	16,411	6.29%
51	Wyoming	12,849	5.45%