Median income for all households: $88,535īoulder's highly educated workforce – almost 65% of Boulder's citizens have a bachelor's degree or higher – and an abundance of highly paid, high-tech jobs give the metro area a heavy concentration of millionaire households.Īlthough the University of Colorado helps give Boulder a youthful, college-town feel, it still has major corporate employers such as aerospace giants Lockheed Martin ( LMT (opens in new tab)) and Northrup Grumman ( NOC (opens in new tab)).Indeed, Florida is one of Kiplinger's 10 most tax-friendly states in the U.S. The Sunshine State has no income tax, and its property taxes are right around the national average. When it comes to taxes, Florida stands out for millionaires and non-millionaires alike. About 56% of area residents have a bachelor's degree or higher compared with Florida's overall rate of 29%.Īnd for years, the area has consistently ranked among Gallup's best cities for wellbeing. Naples also happens to benefit from a comparatively well-educated population.
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That growth has been fueled by a torrent of retirees attracted by miles of Gulf Coast beaches, gracious homes and giant banyan trees.īoating, fishing and golf are just a few of the area's attractions. Snowbirds and well-off retirees are making the Naples metro area one of the faster-growing regions in the U.S.
Indeed, the overall cost of living is 57% greater than the national average, according to the Cost of Living Index. Microsoft founder Bill Gates has a net worth of "only" $116.3 billion.Īll of those good high-tech jobs have allowed a sizable percentage of Seattle area residents to sock away at least $1 million, but it does come at a cost. The world's richest person, Amazon CEO Jeff Bezos, tops the list of Seattle's uber rich at $185.2 billion, according to Forbes. Microsoft ( MSFT (opens in new tab)) and ( AMZN (opens in new tab)) are both based in the area, as are many smaller high-tech companies. Seattle has long been one of the nation's fastest-growing cities, thanks in part to its high concentration of well-paid jobs for college grads and higher. Median income for all households: $94,027.Plus, New York City and Yonkers impose their own income taxes, and there's a commuter tax for self-employed people working in and around New York City.Īs one would probably expect, financial managers are among the highest-paid professionals in the state, according to data from Zippia (opens in new tab). The Empire State's average sales tax rate is the 10th-highest in the country.
The greater New York area isn't cheap, either, which takes some of the luster off all those millions of dollars. With space at a premium and location paramount, the median home value in Manhattan is among the highest on our list of millionaire cities.
Just know that it's even more expensive to live there. If you've ever been to Manhattan, you don't need us to tell you that it's an expensive place to visit. New York-Newark-Jersey City, New York-New Jersey-Pennsylvania We examined small cities with big millionaire populations in a separate story.ġ5. The following list of cities is limited to metropolitan areas with at least one urbanized area with a population of 50,000 or more. Phoenix Marketing International (opens in new tab), a firm that tracks the affluent market, ranks 935 urban areas, large and small, based on the percentage of millionaire households in each. However, it might surprise you that neither of these metropolises can claim the highest concentration of millionaires. New York and Los Angeles are home to the most millionaires in America because of their large populations and lucrative industries. A million dollars' worth of cash, stocks, bonds, what have you, is a far more restrictive definition. The millionaires in question have investable assets of $1 million or more, excluding the value of real estate, employer-sponsored retirement plans and business partnerships. Before anyone gets hot and bothered, we're talking about liquidity here.
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