Phoenix GWM Millionaires by State Ranking 2010 2014
Content
Global Wealth Monitor
Affluent Market Intelligence
Millionaires By State Ranking
2010-2014
www.Phoenixmi.com
845.876.8228
Introduction
Market Sizing Report
The Phoenix Global Wealth Monitor (GWM) U.S. Sizing Report is intended to provide estimates of the number of affluent
and wealthy households in the country. Sizing estimates are provided at the State level as well as by Core-Based
Statistical Areas (CBSAs). A Core-Based Statistical Area is comprised of Metropolitan and Micropolitan Statistical Areas
which are defined as follows:
•
Metropolitan statistical areas have at least one urbanized area of 50,000 or more population, plus adjacent territory
that has a high degree of social and economic integration with the core as measured by commuting ties.
•
Micropolitan statistical areas have at least one urban cluster of at least 10,000 but less than 50,000 population, plus
adjacent territory that has a high degree of social and economic integration with the core as measured by commuting
ties.
Currently, there are 942 Metropolitan and Micropolitan statistical areas in the United States.
Methodology
The GWM sizing estimates are developed using a combination of sources including the Survey of Consumer Finance
(SCF), as well as Nielsen-Claritas. The SCF provides the framework and allows us to determine the general distribution of
households by their level of investable assets. Estimates are further refined using the age and income distributions
provided by Claritas. Together, these inputs enable us to estimate the number of households by investable assets at a
national level. Formulas are then created by applying national estimates to closely linked variables developed by the
Census This allows us to obtain estimates at smaller units of geography. Please not that the numbers provided in this
report are approximations, not actual number of households. They can best be used for comparative purposes.
2 | Copyright © Phoenix Marketing International 2014. All rights reserved.
About The Phoenix Global Wealth Monitor
The Phoenix Global Wealth Monitor (GWM) forms the core of our Affluent
Practice at Phoenix Marketing International. GWM is a syndicated
marketing-research platform that continuously tracks the needs, attitudes and
behaviors of affluent and high net worth (HNW) investors in North America
and Europe. Our clients, the world’s leading wealth management firms, rely
on our intelligence to better understand the needs and outlook of the everchanging affluent consumer market.
Our trended data comes from online interviews with thousands of investors.
We partner with the very best consumer research panels, and maintain very
strict standards for quality control. We have developed a proprietary data
weighting model to balance our data to the overall household populations in
each country
U.S.
CANADA
EUROPE
• Over 10,500 qualified
interviews per year
• About 3,000 interviews
per year
• France, Germany, Italy,
Spain, Switzerland, UK
• Fields monthly
• Fields twice yearly
• Trending since 2003
• Trending since 2007
• About 5,500 qualified
interviews per year
3 | Copyright © Phoenix Marketing International 2014. All rights reserved.
ASIA (FUTURE)
• China, Hong Kong,
Indonesia, Japan,
Singapore
Global Wealth Monitor
Affluent Market Intelligence
Ranking of U.S. States
By Millionaires Per Capita
2014, 2013, 2012, 2011, 2010
4 | Copyright © Phoenix Marketing International 2014. All rights reserved.
Millionaire Households Per Capita
2014
Rank
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
State
Maryland
Connecticut
New Jersey
Hawaii
Alaska
Virginia
Massachusetts
New Hampshire
Delaware
District of Columbia
Vermont
Rhode Island
California
Washington
New York
Minnesota
Wyoming
Colorado
Illinois
North Dakota
Pennsylvania
Nebraska
Iowa
Utah
Kansas
South Dakota
2014
Total
Households
$1MM+
Investable
Assets
2,220,791
1,382,026
3,258,464
473,750
272,762
3,173,330
2,612,989
525,490
353,887
292,398
259,036
414,114
13,003,529
2,737,011
7,461,926
2,147,610
237,891
2,088,780
4,886,204
304,160
5,073,114
742,572
1,242,912
928,729
1,135,195
338,312
170,249
99,966
232,514
32,829
18,604
214,361
174,114
34,921
22,905
18,267
15,168
24,056
753,143
156,817
427,147
122,862
13,544
118,293
266,470
16,518
268,233
38,535
64,047
47,663
56,618
16,742
Ratio
Millionaires VS. 2012
to Total HH
7.67%
7.23%
7.14%
6.93%
6.82%
6.76%
6.66%
6.65%
6.47%
6.25%
5.86%
5.81%
5.79%
5.73%
5.72%
5.72%
5.69%
5.66%
5.45%
5.43%
5.29%
5.19%
5.15%
5.13%
4.99%
4.95%
Rank
27
+1
28
-1
29
30
31
+1
32
-1
33
34
35
36
+7
37
+5
38
-2
39
-1
40
-3
41
-2
42
+3
43
-2
44
-4
45
+9
46
-2
47
+2
48
+3
49
-3
50
-2
51
+12
State
Total
Households
$1MM+
Investable
Assets
Texas
Maine
Wisconsin
New Mexico
Michigan
Florida
Arizona
Missouri
Oregon
Ohio
Nevada
Louisiana
Montana
Georgia
Indiana
Oklahoma
North Carolina
South Carolina
Alabama
West Virginia
Tennessee
Kentucky
Arkansas
Idaho
Mississippi
Total
9,468,956
561,964
2,323,821
812,909
3,899,340
7,745,850
2,482,555
2,404,069
1,571,253
4,628,997
1,042,754
1,785,263
425,089
3,734,136
2,537,304
1,503,685
3,895,324
1,874,994
1,915,162
767,977
2,568,174
1,749,227
1,167,613
598,428
1,131,479
120,163,305
468,392
27,322
111,358
38,166
180,615
358,191
114,684
110,431
71,562
210,611
46,560
79,685
18,885
165,705
111,631
65,833
170,501
81,692
82,914
32,512
107,536
72,374
46,813
23,975
43,138
6,265,668
5 | Copyright © Phoenix Marketing International 2014. All rights reserved.
Ratio
Millionaires VS. 2012
to Total HH
4.95%
-5
4.86%
4.79%
4.69%
4.63%
4.62%
4.62%
4.59%
4.55%
4.55%
4.47%
4.46%
4.44%
4.44%
4.40%
4.38%
4.38%
4.36%
4.33%
4.23%
4.19%
4.14%
4.01%
4.01%
3.81%
5.21%
-3
-1
-3
+6
-2
+1
-1
-4
+2
-6
+1
-5
+4
+1
-1
-4
+2
-1
-1
+1
-1
Millionaire Households Per Capita
2013
Rank
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
State
Maryland
New Jersey
Connecticut
Hawaii
Alaska
Massachusetts
Virginia
New Hampshire
Delaware
District of Columbia
California
New York
Washington
Minnesota
Illinois
Colorado
Rhode Island
Vermont
Pennsylvania
Wyoming
Utah
Texas
Kansas
Nebraska
Maine
Iowa
Total
Households
2,199,912
3,238,448
1,376,955
466,705
269,890
2,587,868
3,137,169
522,867
349,794
284,867
12,883,977
7,408,730
2,711,326
2,131,481
4,884,048
2,057,819
413,196
259,015
5,060,354
231,877
917,043
9,336,438
1,128,776
736,877
560,006
1,239,152
2013
$1MM+
Investable
Assets
169,287
242,647
100,754
33,520
18,209
174,225
208,187
33,867
21,679
17,378
777,624
429,153
155,668
118,410
270,414
113,914
22,845
13,630
265,350
12,058
45,393
456,949
54,266
34,916
26,276
58,095
Ratio
Millionaires VS. 2012
to Total HH
7.70%
7.49%
7.32%
7.18%
6.75%
6.73%
6.64%
6.48%
6.20%
6.10%
6.04%
5.79%
5.74%
5.56%
5.54%
5.54%
5.53%
5.26%
5.24%
5.20%
4.95%
4.89%
4.81%
4.74%
4.69%
4.69%
Rank
27
+1
+1
-2
+1
-1
28
29
30
31
32
33
+1
+2
34
35
36
-3
37
38
39
+3
40
41
42
-1
43
+4
44
+5
45
+3
46
-3
47
+4
48
+5
49
+7
50
+11
51
+7
State
New Mexico
Wisconsin
North Dakota
Florida
Oregon
Louisiana
Missouri
Arizona
Georgia
Ohio
Michigan
South Dakota
Nevada
Montana
Alabama
Oklahoma
South Carolina
North Carolina
Indiana
Tennessee
Kentucky
West Virginia
Idaho
Arkansas
Mississippi
Total
6 | Copyright © Phoenix Marketing International 2014. All rights reserved.
Total
Households
815,453
2,312,821
293,994
7,631,375
1,559,406
1,774,060
2,399,696
2,453,991
3,694,439
4,625,934
3,883,070
333,001
1,022,478
420,800
1,905,886
1,496,646
1,852,786
3,853,043
2,532,022
2,542,865
1,748,832
767,945
595,106
1,167,428
1,128,842
119,206,509
$1MM+
Investable
Assets
Ratio
Millionaires VS. 2012
to Total HH
37,957
4.65%
+7
106,647
13,494
348,623
70,731
79,681
106,390
108,682
163,144
204,121
169,991
14,553
44,437
18,106
80,138
62,233
76,831
158,447
101,789
101,465
67,068
29,367
22,379
43,588
40,955
6,145,533
4.61%
4.59%
4.57%
4.54%
4.49%
4.43%
4.43%
4.42%
4.41%
4.38%
4.37%
4.35%
4.30%
4.20%
4.16%
4.15%
4.11%
4.02%
3.99%
3.84%
3.82%
3.76%
3.73%
3.63%
5.16%
+1
+14
-10
-6
+10
+2
-13
-5
-4
-10
+8
-20
+4
+1
+5
-5
-4
-8
-1
+1
+1
-10
+1
Millionaires Per Capita
2012
Rank
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
State
Maryland
Hawaii
New Jersey
Connecticut
Massachusetts
Alaska
Virginia
California
New Hampshire
District of Columbia
Delaware
New York
Washington
Colorado
Illinois
Rhode Island
Minnesota
Utah
Nevada
Florida
Arizona
Vermont
Wyoming
Pennsylvania
Oregon
Texas
Total
Households
2,179,476
461,438
3,236,020
1,375,455
2,569,813
264,748
3,123,109
12,732,704
527,206
271,604
346,716
7,386,838
2,680,136
2,019,541
4,878,682
414,761
2,121,163
908,892
1,029,249
7,531,011
2,439,788
260,344
233,725
5,071,561
1,548,803
9,222,834
2012
$1MM+
Investable
Assets
159,286
33,639
235,292
99,235
167,415
17,133
198,516
774,901
32,084
16,353
20,358
419,264
148,333
111,534
268,487
22,625
115,575
47,053
52,817
379,018
122,268
13,042
11,629
252,159
73,731
436,377
Ratio
Millionaires VS. 2011
to Total HH
7.31%
7.29%
7.27%
7.21%
6.51%
6.47%
6.36%
6.09%
6.09%
6.02%
5.87%
5.68%
5.53%
5.52%
5.50%
5.45%
5.45%
5.18%
5.13%
5.03%
5.01%
5.01%
4.98%
4.97%
4.76%
4.73%
Rank
27
28
29
30
31
32
33
-1
34
35
36
37
38
39
40
41
42
43
+2
-1
44
-1
46
45
47
48
49
50
51
+1
State
Total
Households
Michigan
Kansas
Wisconsin
Georgia
Nebraska
Ohio
Iowa
New Mexico
Missouri
Maine
Indiana
South Carolina
Idaho
North Carolina
Louisiana
Alabama
North Dakota
Montana
Tennessee
South Dakota
Oklahoma
Kentucky
West Virginia
Mississippi
Arkansas
Total
7 | Copyright © Phoenix Marketing International 2014. All rights reserved.
3,866,579
1,127,021
2,308,632
3,678,015
733,567
4,609,230
1,236,060
814,583
2,411,179
567,259
2,529,002
1,851,610
598,595
3,851,922
1,757,184
1,915,290
287,989
418,939
2,530,432
330,712
1,491,445
1,748,150
776,129
1,134,074
1,173,353
118,582,568
$1MM+
Investable
Assets
179,863
52,320
106,841
170,103
32,456
203,706
54,514
35,611
105,073
24,264
107,667
78,000
25,144
160,332
72,719
77,794
11,697
17,010
102,015
13,299
59,472
66,242
27,921
39,606
40,790
6,092,585
Ratio
Millionaires VS. 2011
to Total HH
4.65%
4.64%
4.63%
4.62%
4.42%
4.42%
4.41%
4.37%
4.36%
4.28%
4.26%
4.21%
4.20%
4.16%
4.14%
4.06%
4.06%
4.06%
4.03%
4.02%
3.99%
3.79%
3.60%
3.49%
3.48%
5.14%
-1
+1
-1
+1
-1
+1
+2
-2
-1
+1
-1
Millionaires Per Capita
2011
Rank
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
State
Maryland
Hawaii
New Jersey
Connecticut
Massachusetts
Alaska
Virginia
New Hampshire
California
District of Columbia
Delaware
New York
Washington
Colorado
Illinois
Rhode Island
Minnesota
Nevada
Florida
Utah
Arizona
Vermont
Wyoming
Pennsylvania
Oregon
Michigan
Total
Households
2,186,613
464,352
3,220,564
1,379,723
2,538,474
254,103
3,113,444
514,053
12,487,377
265,558
348,774
7,196,816
2,626,668
1,947,817
4,750,715
412,524
2,086,981
1,014,693
7,492,687
881,354
2,374,847
255,194
229,436
5,018,137
1,506,264
3,821,022
2011
$1MM+
Investable
Assets
157,779
33,461
231,456
98,392
162,619
16,239
195,006
31,159
750,686
15,603
20,140
403,307
143,706
106,216
258,196
22,242
112,438
51,565
376,343
44,258
117,843
12,603
11,271
246,131
70,868
178,322
Ratio
Millionaires VS. 2010
to Total HH
7.22%
7.21%
7.19%
7.13%
6.41%
6.39%
6.26%
6.06%
6.01%
5.88%
5.77%
5.60%
5.47%
5.45%
5.43%
5.39%
5.39%
5.08%
5.02%
5.02%
4.96%
4.94%
4.91%
4.90%
4.70%
4.67%
Rank
+1
27
-1
28
29
30
31
32
33
34
35
36
37
38
39
+3
40
41
-2
42
-1
43
44
45
+2
46
47
+1
48
-3
49
50
51
+1
State
Texas
Kansas
Georgia
Wisconsin
Ohio
Nebraska
Iowa
New Mexico
Missouri
Maine
Indiana
South Carolina
Idaho
North Carolina
Louisiana
Montana
Alabama
Tennessee
North Dakota
South Dakota
Oklahoma
Kentucky
West Virginia
Arkansas
Mississippi
Total
Total
Households
8,962,137
1,115,078
3,579,336
2,272,648
4,599,428
720,196
1,218,013
791,585
2,393,887
561,667
2,537,932
1,837,173
580,509
3,793,073
1,723,955
401,485
1,922,895
2,555,775
278,346
320,197
1,477,983
1,766,302
782,528
1,157,400
1,124,672
116,862,390
8 | Copyright © Phoenix Marketing International 2014. All rights reserved.
$1MM+
Investable
Assets
417,050
51,224
164,373
104,274
202,275
31,617
52,790
34,157
102,959
23,865
107,325
76,659
24,069
156,947
70,042
16,178
76,986
101,604
10,979
12,624
58,148
65,762
27,892
39,749
38,574
5,935,973
Ratio
Millionaires VS. 2010
to Total HH
4.65%
4.59%
4.59%
4.59%
4.40%
4.39%
4.33%
4.31%
4.30%
4.25%
4.23%
4.17%
4.15%
4.14%
4.06%
4.03%
4.00%
3.98%
3.94%
3.94%
3.93%
3.72%
3.56%
3.43%
3.43%
5.08%
-1
+2
-2
+1
-1
+1
+1
-2
+1
+1
-2
+2
-1
-1
Millionaires Per Capita
2010
Rank
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
State
Hawaii
Maryland
New Jersey
Connecticut
Massachusetts
Alaska
Virginia
New Hampshire
California
District of Columbia
Delaware
New York
Washington
Rhode Island
Illinois
Minnesota
Colorado
Nevada
Florida
Wyoming
Arizona
Utah
Vermont
Pennsylvania
Oregon
Texas
Total
Households
444,202
2,129,773
3,175,894
1,347,693
2,521,928
248,009
3,043,091
514,667
12,653,856
262,976
343,322
7,263,927
2,577,274
409,575
4,800,176
2,057,554
1,949,583
990,855
7,455,767
219,309
2,458,106
891,901
252,584
4,934,144
1,513,336
8,796,031
2010
$1MM+
Investable
Assets
30,793
144,686
212,396
89,647
150,844
14,805
180,638
29,790
716,316
14,533
18,412
381,197
133,582
20,873
242,536
103,641
98,085
48,220
362,285
10,631
117,094
42,238
11,806
227,680
66,839
381,165
Ratio
Millionaires VS. 2009
to Total HH
6.93%
6.79%
6.69%
6.65%
5.98%
5.97%
5.94%
5.79%
5.66%
5.53%
5.36%
5.25%
5.18%
5.10%
5.05%
5.04%
5.03%
4.87%
4.86%
4.85%
4.76%
4.74%
4.67%
4.61%
4.42%
4.33%
+1
+1
-2
+1
+1
+2
-4
+1
-1
+2
Rank
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
State
Michigan
Wisconsin
Georgia
Kansas
Nebraska
Ohio
Iowa
New Mexico
Missouri
Maine
Idaho
Indiana
South Carolina
Montana
North Carolina
Louisiana
Alabama
Tennessee
South Dakota
Oklahoma
North Dakota
Kentucky
West Virginia
Arkansas
Mississippi
Total
9 | Copyright © Phoenix Marketing International 2014. All rights reserved.
Total
Households
3,846,728
2,252,664
3,639,796
1,096,736
704,049
4,566,369
1,204,906
766,050
2,364,933
553,493
575,621
2,501,280
1,802,904
394,196
3,725,318
1,701,745
1,881,966
2,519,914
317,030
1,442,985
265,786
1,743,587
761,493
1,138,318
1,113,217
116,136,617
$1MM+
Investable
Assets
166,611
97,266
156,943
47,226
29,272
188,908
49,451
31,145
95,312
22,191
22,917
99,440
71,114
15,491
144,029
65,382
71,224
94,560
11,865
53,910
9,907
61,315
26,090
36,854
35,847
5,555,002
Ratio
Millionaires VS. 2009
to Total HH
4.33%
4.32%
4.31%
4.31%
4.16%
4.14%
4.10%
4.07%
4.03%
4.01%
3.98%
3.98%
3.94%
3.93%
3.87%
3.84%
3.78%
3.75%
3.74%
3.74%
3.73%
3.52%
3.43%
3.24%
3.22%
4.78%
-1
-1
+2
-1
-1
+2
-1
-1
+2
-1
-1
+1
-1
+2
-1
-1
-
Affluent Market Intelligence
Millionaires By State Ranking
2010-2014
www.Phoenixmi.com
845.876.8228
Introduction
Market Sizing Report
The Phoenix Global Wealth Monitor (GWM) U.S. Sizing Report is intended to provide estimates of the number of affluent
and wealthy households in the country. Sizing estimates are provided at the State level as well as by Core-Based
Statistical Areas (CBSAs). A Core-Based Statistical Area is comprised of Metropolitan and Micropolitan Statistical Areas
which are defined as follows:
•
Metropolitan statistical areas have at least one urbanized area of 50,000 or more population, plus adjacent territory
that has a high degree of social and economic integration with the core as measured by commuting ties.
•
Micropolitan statistical areas have at least one urban cluster of at least 10,000 but less than 50,000 population, plus
adjacent territory that has a high degree of social and economic integration with the core as measured by commuting
ties.
Currently, there are 942 Metropolitan and Micropolitan statistical areas in the United States.
Methodology
The GWM sizing estimates are developed using a combination of sources including the Survey of Consumer Finance
(SCF), as well as Nielsen-Claritas. The SCF provides the framework and allows us to determine the general distribution of
households by their level of investable assets. Estimates are further refined using the age and income distributions
provided by Claritas. Together, these inputs enable us to estimate the number of households by investable assets at a
national level. Formulas are then created by applying national estimates to closely linked variables developed by the
Census This allows us to obtain estimates at smaller units of geography. Please not that the numbers provided in this
report are approximations, not actual number of households. They can best be used for comparative purposes.
2 | Copyright © Phoenix Marketing International 2014. All rights reserved.
About The Phoenix Global Wealth Monitor
The Phoenix Global Wealth Monitor (GWM) forms the core of our Affluent
Practice at Phoenix Marketing International. GWM is a syndicated
marketing-research platform that continuously tracks the needs, attitudes and
behaviors of affluent and high net worth (HNW) investors in North America
and Europe. Our clients, the world’s leading wealth management firms, rely
on our intelligence to better understand the needs and outlook of the everchanging affluent consumer market.
Our trended data comes from online interviews with thousands of investors.
We partner with the very best consumer research panels, and maintain very
strict standards for quality control. We have developed a proprietary data
weighting model to balance our data to the overall household populations in
each country
U.S.
CANADA
EUROPE
• Over 10,500 qualified
interviews per year
• About 3,000 interviews
per year
• France, Germany, Italy,
Spain, Switzerland, UK
• Fields monthly
• Fields twice yearly
• Trending since 2003
• Trending since 2007
• About 5,500 qualified
interviews per year
3 | Copyright © Phoenix Marketing International 2014. All rights reserved.
ASIA (FUTURE)
• China, Hong Kong,
Indonesia, Japan,
Singapore
Global Wealth Monitor
Affluent Market Intelligence
Ranking of U.S. States
By Millionaires Per Capita
2014, 2013, 2012, 2011, 2010
4 | Copyright © Phoenix Marketing International 2014. All rights reserved.
Millionaire Households Per Capita
2014
Rank
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
State
Maryland
Connecticut
New Jersey
Hawaii
Alaska
Virginia
Massachusetts
New Hampshire
Delaware
District of Columbia
Vermont
Rhode Island
California
Washington
New York
Minnesota
Wyoming
Colorado
Illinois
North Dakota
Pennsylvania
Nebraska
Iowa
Utah
Kansas
South Dakota
2014
Total
Households
$1MM+
Investable
Assets
2,220,791
1,382,026
3,258,464
473,750
272,762
3,173,330
2,612,989
525,490
353,887
292,398
259,036
414,114
13,003,529
2,737,011
7,461,926
2,147,610
237,891
2,088,780
4,886,204
304,160
5,073,114
742,572
1,242,912
928,729
1,135,195
338,312
170,249
99,966
232,514
32,829
18,604
214,361
174,114
34,921
22,905
18,267
15,168
24,056
753,143
156,817
427,147
122,862
13,544
118,293
266,470
16,518
268,233
38,535
64,047
47,663
56,618
16,742
Ratio
Millionaires VS. 2012
to Total HH
7.67%
7.23%
7.14%
6.93%
6.82%
6.76%
6.66%
6.65%
6.47%
6.25%
5.86%
5.81%
5.79%
5.73%
5.72%
5.72%
5.69%
5.66%
5.45%
5.43%
5.29%
5.19%
5.15%
5.13%
4.99%
4.95%
Rank
27
+1
28
-1
29
30
31
+1
32
-1
33
34
35
36
+7
37
+5
38
-2
39
-1
40
-3
41
-2
42
+3
43
-2
44
-4
45
+9
46
-2
47
+2
48
+3
49
-3
50
-2
51
+12
State
Total
Households
$1MM+
Investable
Assets
Texas
Maine
Wisconsin
New Mexico
Michigan
Florida
Arizona
Missouri
Oregon
Ohio
Nevada
Louisiana
Montana
Georgia
Indiana
Oklahoma
North Carolina
South Carolina
Alabama
West Virginia
Tennessee
Kentucky
Arkansas
Idaho
Mississippi
Total
9,468,956
561,964
2,323,821
812,909
3,899,340
7,745,850
2,482,555
2,404,069
1,571,253
4,628,997
1,042,754
1,785,263
425,089
3,734,136
2,537,304
1,503,685
3,895,324
1,874,994
1,915,162
767,977
2,568,174
1,749,227
1,167,613
598,428
1,131,479
120,163,305
468,392
27,322
111,358
38,166
180,615
358,191
114,684
110,431
71,562
210,611
46,560
79,685
18,885
165,705
111,631
65,833
170,501
81,692
82,914
32,512
107,536
72,374
46,813
23,975
43,138
6,265,668
5 | Copyright © Phoenix Marketing International 2014. All rights reserved.
Ratio
Millionaires VS. 2012
to Total HH
4.95%
-5
4.86%
4.79%
4.69%
4.63%
4.62%
4.62%
4.59%
4.55%
4.55%
4.47%
4.46%
4.44%
4.44%
4.40%
4.38%
4.38%
4.36%
4.33%
4.23%
4.19%
4.14%
4.01%
4.01%
3.81%
5.21%
-3
-1
-3
+6
-2
+1
-1
-4
+2
-6
+1
-5
+4
+1
-1
-4
+2
-1
-1
+1
-1
Millionaire Households Per Capita
2013
Rank
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
State
Maryland
New Jersey
Connecticut
Hawaii
Alaska
Massachusetts
Virginia
New Hampshire
Delaware
District of Columbia
California
New York
Washington
Minnesota
Illinois
Colorado
Rhode Island
Vermont
Pennsylvania
Wyoming
Utah
Texas
Kansas
Nebraska
Maine
Iowa
Total
Households
2,199,912
3,238,448
1,376,955
466,705
269,890
2,587,868
3,137,169
522,867
349,794
284,867
12,883,977
7,408,730
2,711,326
2,131,481
4,884,048
2,057,819
413,196
259,015
5,060,354
231,877
917,043
9,336,438
1,128,776
736,877
560,006
1,239,152
2013
$1MM+
Investable
Assets
169,287
242,647
100,754
33,520
18,209
174,225
208,187
33,867
21,679
17,378
777,624
429,153
155,668
118,410
270,414
113,914
22,845
13,630
265,350
12,058
45,393
456,949
54,266
34,916
26,276
58,095
Ratio
Millionaires VS. 2012
to Total HH
7.70%
7.49%
7.32%
7.18%
6.75%
6.73%
6.64%
6.48%
6.20%
6.10%
6.04%
5.79%
5.74%
5.56%
5.54%
5.54%
5.53%
5.26%
5.24%
5.20%
4.95%
4.89%
4.81%
4.74%
4.69%
4.69%
Rank
27
+1
+1
-2
+1
-1
28
29
30
31
32
33
+1
+2
34
35
36
-3
37
38
39
+3
40
41
42
-1
43
+4
44
+5
45
+3
46
-3
47
+4
48
+5
49
+7
50
+11
51
+7
State
New Mexico
Wisconsin
North Dakota
Florida
Oregon
Louisiana
Missouri
Arizona
Georgia
Ohio
Michigan
South Dakota
Nevada
Montana
Alabama
Oklahoma
South Carolina
North Carolina
Indiana
Tennessee
Kentucky
West Virginia
Idaho
Arkansas
Mississippi
Total
6 | Copyright © Phoenix Marketing International 2014. All rights reserved.
Total
Households
815,453
2,312,821
293,994
7,631,375
1,559,406
1,774,060
2,399,696
2,453,991
3,694,439
4,625,934
3,883,070
333,001
1,022,478
420,800
1,905,886
1,496,646
1,852,786
3,853,043
2,532,022
2,542,865
1,748,832
767,945
595,106
1,167,428
1,128,842
119,206,509
$1MM+
Investable
Assets
Ratio
Millionaires VS. 2012
to Total HH
37,957
4.65%
+7
106,647
13,494
348,623
70,731
79,681
106,390
108,682
163,144
204,121
169,991
14,553
44,437
18,106
80,138
62,233
76,831
158,447
101,789
101,465
67,068
29,367
22,379
43,588
40,955
6,145,533
4.61%
4.59%
4.57%
4.54%
4.49%
4.43%
4.43%
4.42%
4.41%
4.38%
4.37%
4.35%
4.30%
4.20%
4.16%
4.15%
4.11%
4.02%
3.99%
3.84%
3.82%
3.76%
3.73%
3.63%
5.16%
+1
+14
-10
-6
+10
+2
-13
-5
-4
-10
+8
-20
+4
+1
+5
-5
-4
-8
-1
+1
+1
-10
+1
Millionaires Per Capita
2012
Rank
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
State
Maryland
Hawaii
New Jersey
Connecticut
Massachusetts
Alaska
Virginia
California
New Hampshire
District of Columbia
Delaware
New York
Washington
Colorado
Illinois
Rhode Island
Minnesota
Utah
Nevada
Florida
Arizona
Vermont
Wyoming
Pennsylvania
Oregon
Texas
Total
Households
2,179,476
461,438
3,236,020
1,375,455
2,569,813
264,748
3,123,109
12,732,704
527,206
271,604
346,716
7,386,838
2,680,136
2,019,541
4,878,682
414,761
2,121,163
908,892
1,029,249
7,531,011
2,439,788
260,344
233,725
5,071,561
1,548,803
9,222,834
2012
$1MM+
Investable
Assets
159,286
33,639
235,292
99,235
167,415
17,133
198,516
774,901
32,084
16,353
20,358
419,264
148,333
111,534
268,487
22,625
115,575
47,053
52,817
379,018
122,268
13,042
11,629
252,159
73,731
436,377
Ratio
Millionaires VS. 2011
to Total HH
7.31%
7.29%
7.27%
7.21%
6.51%
6.47%
6.36%
6.09%
6.09%
6.02%
5.87%
5.68%
5.53%
5.52%
5.50%
5.45%
5.45%
5.18%
5.13%
5.03%
5.01%
5.01%
4.98%
4.97%
4.76%
4.73%
Rank
27
28
29
30
31
32
33
-1
34
35
36
37
38
39
40
41
42
43
+2
-1
44
-1
46
45
47
48
49
50
51
+1
State
Total
Households
Michigan
Kansas
Wisconsin
Georgia
Nebraska
Ohio
Iowa
New Mexico
Missouri
Maine
Indiana
South Carolina
Idaho
North Carolina
Louisiana
Alabama
North Dakota
Montana
Tennessee
South Dakota
Oklahoma
Kentucky
West Virginia
Mississippi
Arkansas
Total
7 | Copyright © Phoenix Marketing International 2014. All rights reserved.
3,866,579
1,127,021
2,308,632
3,678,015
733,567
4,609,230
1,236,060
814,583
2,411,179
567,259
2,529,002
1,851,610
598,595
3,851,922
1,757,184
1,915,290
287,989
418,939
2,530,432
330,712
1,491,445
1,748,150
776,129
1,134,074
1,173,353
118,582,568
$1MM+
Investable
Assets
179,863
52,320
106,841
170,103
32,456
203,706
54,514
35,611
105,073
24,264
107,667
78,000
25,144
160,332
72,719
77,794
11,697
17,010
102,015
13,299
59,472
66,242
27,921
39,606
40,790
6,092,585
Ratio
Millionaires VS. 2011
to Total HH
4.65%
4.64%
4.63%
4.62%
4.42%
4.42%
4.41%
4.37%
4.36%
4.28%
4.26%
4.21%
4.20%
4.16%
4.14%
4.06%
4.06%
4.06%
4.03%
4.02%
3.99%
3.79%
3.60%
3.49%
3.48%
5.14%
-1
+1
-1
+1
-1
+1
+2
-2
-1
+1
-1
Millionaires Per Capita
2011
Rank
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
State
Maryland
Hawaii
New Jersey
Connecticut
Massachusetts
Alaska
Virginia
New Hampshire
California
District of Columbia
Delaware
New York
Washington
Colorado
Illinois
Rhode Island
Minnesota
Nevada
Florida
Utah
Arizona
Vermont
Wyoming
Pennsylvania
Oregon
Michigan
Total
Households
2,186,613
464,352
3,220,564
1,379,723
2,538,474
254,103
3,113,444
514,053
12,487,377
265,558
348,774
7,196,816
2,626,668
1,947,817
4,750,715
412,524
2,086,981
1,014,693
7,492,687
881,354
2,374,847
255,194
229,436
5,018,137
1,506,264
3,821,022
2011
$1MM+
Investable
Assets
157,779
33,461
231,456
98,392
162,619
16,239
195,006
31,159
750,686
15,603
20,140
403,307
143,706
106,216
258,196
22,242
112,438
51,565
376,343
44,258
117,843
12,603
11,271
246,131
70,868
178,322
Ratio
Millionaires VS. 2010
to Total HH
7.22%
7.21%
7.19%
7.13%
6.41%
6.39%
6.26%
6.06%
6.01%
5.88%
5.77%
5.60%
5.47%
5.45%
5.43%
5.39%
5.39%
5.08%
5.02%
5.02%
4.96%
4.94%
4.91%
4.90%
4.70%
4.67%
Rank
+1
27
-1
28
29
30
31
32
33
34
35
36
37
38
39
+3
40
41
-2
42
-1
43
44
45
+2
46
47
+1
48
-3
49
50
51
+1
State
Texas
Kansas
Georgia
Wisconsin
Ohio
Nebraska
Iowa
New Mexico
Missouri
Maine
Indiana
South Carolina
Idaho
North Carolina
Louisiana
Montana
Alabama
Tennessee
North Dakota
South Dakota
Oklahoma
Kentucky
West Virginia
Arkansas
Mississippi
Total
Total
Households
8,962,137
1,115,078
3,579,336
2,272,648
4,599,428
720,196
1,218,013
791,585
2,393,887
561,667
2,537,932
1,837,173
580,509
3,793,073
1,723,955
401,485
1,922,895
2,555,775
278,346
320,197
1,477,983
1,766,302
782,528
1,157,400
1,124,672
116,862,390
8 | Copyright © Phoenix Marketing International 2014. All rights reserved.
$1MM+
Investable
Assets
417,050
51,224
164,373
104,274
202,275
31,617
52,790
34,157
102,959
23,865
107,325
76,659
24,069
156,947
70,042
16,178
76,986
101,604
10,979
12,624
58,148
65,762
27,892
39,749
38,574
5,935,973
Ratio
Millionaires VS. 2010
to Total HH
4.65%
4.59%
4.59%
4.59%
4.40%
4.39%
4.33%
4.31%
4.30%
4.25%
4.23%
4.17%
4.15%
4.14%
4.06%
4.03%
4.00%
3.98%
3.94%
3.94%
3.93%
3.72%
3.56%
3.43%
3.43%
5.08%
-1
+2
-2
+1
-1
+1
+1
-2
+1
+1
-2
+2
-1
-1
Millionaires Per Capita
2010
Rank
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
State
Hawaii
Maryland
New Jersey
Connecticut
Massachusetts
Alaska
Virginia
New Hampshire
California
District of Columbia
Delaware
New York
Washington
Rhode Island
Illinois
Minnesota
Colorado
Nevada
Florida
Wyoming
Arizona
Utah
Vermont
Pennsylvania
Oregon
Texas
Total
Households
444,202
2,129,773
3,175,894
1,347,693
2,521,928
248,009
3,043,091
514,667
12,653,856
262,976
343,322
7,263,927
2,577,274
409,575
4,800,176
2,057,554
1,949,583
990,855
7,455,767
219,309
2,458,106
891,901
252,584
4,934,144
1,513,336
8,796,031
2010
$1MM+
Investable
Assets
30,793
144,686
212,396
89,647
150,844
14,805
180,638
29,790
716,316
14,533
18,412
381,197
133,582
20,873
242,536
103,641
98,085
48,220
362,285
10,631
117,094
42,238
11,806
227,680
66,839
381,165
Ratio
Millionaires VS. 2009
to Total HH
6.93%
6.79%
6.69%
6.65%
5.98%
5.97%
5.94%
5.79%
5.66%
5.53%
5.36%
5.25%
5.18%
5.10%
5.05%
5.04%
5.03%
4.87%
4.86%
4.85%
4.76%
4.74%
4.67%
4.61%
4.42%
4.33%
+1
+1
-2
+1
+1
+2
-4
+1
-1
+2
Rank
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
State
Michigan
Wisconsin
Georgia
Kansas
Nebraska
Ohio
Iowa
New Mexico
Missouri
Maine
Idaho
Indiana
South Carolina
Montana
North Carolina
Louisiana
Alabama
Tennessee
South Dakota
Oklahoma
North Dakota
Kentucky
West Virginia
Arkansas
Mississippi
Total
9 | Copyright © Phoenix Marketing International 2014. All rights reserved.
Total
Households
3,846,728
2,252,664
3,639,796
1,096,736
704,049
4,566,369
1,204,906
766,050
2,364,933
553,493
575,621
2,501,280
1,802,904
394,196
3,725,318
1,701,745
1,881,966
2,519,914
317,030
1,442,985
265,786
1,743,587
761,493
1,138,318
1,113,217
116,136,617
$1MM+
Investable
Assets
166,611
97,266
156,943
47,226
29,272
188,908
49,451
31,145
95,312
22,191
22,917
99,440
71,114
15,491
144,029
65,382
71,224
94,560
11,865
53,910
9,907
61,315
26,090
36,854
35,847
5,555,002
Ratio
Millionaires VS. 2009
to Total HH
4.33%
4.32%
4.31%
4.31%
4.16%
4.14%
4.10%
4.07%
4.03%
4.01%
3.98%
3.98%
3.94%
3.93%
3.87%
3.84%
3.78%
3.75%
3.74%
3.74%
3.73%
3.52%
3.43%
3.24%
3.22%
4.78%
-1
-1
+2
-1
-1
+2
-1
-1
+2
-1
-1
+1
-1
+2
-1
-1
-
