Last year, almost 5.2% of the US’ 119.2 million households had more than $1 million in investable assets, according to [PDF] a study from Phoenix Marketing International (PMI). But those per capita figures varied widely from one state to the next, with the top state by this measure having more than twice as many millionaires per capita as the bottom state. From 2006 through 2013, three different states have held the top rank, while one has lagged at the bottom each of those years save for 2012.
Last year, the top spot belonged to Maryland, with 7.7% of its households boasting at least $1 million in investable assets. Maryland retained the top spot from 2012 and 2011; previously, the position had been held by Hawaii (2006; 2008-2010) and New Jersey (2007). In fact, Maryland’s 7.7% ratio of millionaire households to total households is the highest figure recorded by PMI over the last 8 years of data. Read the rest at MarketingCharts.