Report: Maryland home to highest concentration of millionaire households

WASHINGTON — Maryland once again leads the nation for the highest concentration of millionaire households, according to an annual report from Phoenix Marketing International.

The rankings, based on millionaire households per capita, say 7.7 percent of Maryland households have at least $1 million in investable assets, not counting real estate. More than 172,000 Maryland households fall into that category, or about one in 13 households.

Connecticut ranked No. 2 again this year, with a ratio of millionaires to total residents of 7.3 percent. Hawaii followed with 7.25 percent, then New Jersey at 7.24 percent and Alaska at 6.85 percent.

Virginia ranks No. 7 on the list, up two spots from last year’s report, with 6.73 percent. The District ranks No. 10, unchanged from last year, at 6.29 percent.

U.S. affluent households grew their liquid wealth by about $720 billion in 2015, according to Phoenix Marketing International.

You can see Phoenix Marketing International’s annual Affluent & High Net Worth Markets report below:

Phoenix GWM U.S. 2015 Market Sizing Update and Millionaires Ranking

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