Camille Moore
Being a millionaire is probably really hard work. I don’t say that facetiously, either. Having that much money is bound to be a complicated process, and it probably does make life easier in many ways but more difficult in some ways, too. New York City has the most millionaires in the United States, by far, but it’s not the city with the most millionaires per capita. Because there are so many people in the city, the number looks rather paltry. So we’ve rounded up the 20 cities in which the concentration of millionaires per resident is the highest. That said, here are the 20 cities in the US that produce the most millionaires per capita from low to high as of 2014.
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Palm Coast, Florida
Nearly 6 percent of all people who live in Palm Coast have at least $1 million in assets to their name, and it’s not a big surprise. This area of Florida is rather high-end and upscale, and the people who live here do so because they want to be somewhere in which they can have it all; beautiful weather, gorgeous neighborhoods and access to just about everything that you might expect from a millionaire.
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Trenton, New Jersey
What’s surprising about this is the fact that there is a very high crime rate in Trenton, and the city frequently ranks among the most dangerous in the country. It seems that in a city that has so many millionaires, however, that there would be fewer crimes. However, it appears that this New Jersey city is just an exception to the rule and an extreme in every sense of the word. More than 10,000 of the 355,000 residents here have more than $1 million. The rest are pretty desolate, however.
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Thousand Oaks, California
This California city is one that has a number of millionaires. Nearly 6.2% of the people who live here are millionaires in that they have at least a million dollars in liquid assets to boast. This area is one that is actually very affluent. It’s close to Los Angeles so that people can commute to work where they likely spend a great deal of time working in the entertainment industry. It’s not the only big company in the area, but it is one of the biggest.
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Pinehurst, North Carolina
This affluent little community has a lot of millionaires considering the fact that it’s not very big. But it is what you’d expect from a very southern community in a place where people speak slowly and with a drawl. And it’s one of those places you go and never want to leave, which might explain why more than 6.2 percent of the population here is a millionaire.
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Gardenerville Ranchos, Nevada
Nevada isn’t known for being very popular for anything but Vegas and Lake Tahoe, but this area is very popular for those who have a lot of money. 6.2% of the people who live here have millions in the bank, and it’s probably the slow pace of life and the nice weather than brings them in. Additionally, this is a place that is close to so many places that people love to play when they’re not busy working to earn their millions.
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Fort Meyers, Florida
Very near to Sarasota and on the Gulf Coast of Florida, this is one very popular beach community. It’s also one of the most affluent areas in the state. Fort Meyers is a beach community all the way, right next door to some of the most famous islands and vacation destinations in the state. It’s beautiful, slow-paced and more than 6.3% of the people who live here have millions in the bank. With plenty of upscale amenities, it’s not a big surprise.
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Barnstable Town, Massachusetts
This is an area that does have a reputation for being popular for those with a lot of money, and it’s not really a big surprise that so many of the residents here have a big chunk of change in the bank. It might be, however, a bit surprising to know just how many of those people have money in the bank. Nearly 6.3% of the population here has a least a million, and the area is one in which you would probably be a bit surprised to see that many millionaires.
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Punta Gorda, Florida
Punta Gorda is famous because it was in the news several years ago for being hit hard by a major hurricane. In fact, it’s often in the news for very similar weather conditions. It’s a beautiful area and that’s why so many people with so much money want to call the area home. Approximately 6.3% of the people here are millionaires, and it’s actually a number that seems a bit low if you’ve ever spent any amount of time in the area.
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Washington D.C.
More than 5.5 million people call the city and its surrounding areas home, and nearly 200,000 of those people are millionaires. It makes sense in a town filled with politicians and high-powered people. The average household salary is quite high, too, at almost six figures. One of the most prominent locations in the country, it makes sense that a number of millionaires would call the nation’s capital home.
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Napa, California
Yet another place I love more than just about any other place in the world, Napa has a high concentration of millionaires. It makes sense, too, considering it’s so close to San Francisco but far enough away to feel a bit like the “country,” and it’s filled with successful wineries and the people that own them. The popular isn’t that big, but the number of millionaires is. More than 6.4% of the population in Napa is a millionaire.
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Honolulu, Hawaii
This is one of (many) my favorite places in the world, and it makes sense to me that millionaires would want to live here. If it wasn’t so far from the grandparents who love to babysit our kids, we’d live there (hey, I can work from anywhere). With just over 950,000 people as residents, the city isn’t that big. However, there are a large number of millionaires residing here. More than 25,000 people in the Honolulu city limits are considered millionaires.
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San Francisco, California
San Francisco is another place I love – a lot. It’s a gorgeous city that’s very close to Silicon Valley, and it’s home to many of the world’s biggest companies. That’s why so many of the people who live here are so wealthy. In a city of more than 4.6 million people, more than 121,000 of them are millionaires. We guess that they live where all the best views are located, too, because that’s where we’d live if we had millions to our name and we called San Fran home.
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Hilton Head, South Carolina
It sometimes surprises people to know that this very popular spring break and tourist destination has such a high concentration of millionaires. However, aside from the fact that Hilton Head is so popular for visitors, it’s a very affluent little community in the south. It’s hard not to fall madly in love with this area, either. It’s got all that you might want; beaches, sun, warm weather and beautiful southern charm. That’s probably why 6.6 percent of the people here are millionaires that probably visited and never wanted to leave.
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Easton, Maryland
More than 8% percent of the people who live here are millionaires, which is much higher than the national average. With just over 37,000 residents that call this small city home there are a surprisingly large number of millionaires here. In fact, nearly 1,400 of the people who call this small area home are actually millionaires. The area is a major location for high-paying jobs in health care and finance, which explains the number of people here with so much money.
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Sarasota, Florida
Sarasota is gorgeous. It’s south of Tampa, on the beautiful Gulf coast, and it has everything you might ever want from a Florida beach community. Life is slow and languid, people are kind and there are more golf courses than people (or so it seems). Additionally, nearly 6.7% of the people who live here are millionaires. It’s not surprising considering that this is a popular place for retirees to call their own. The pace here is slow and fun, and the weather is gorgeous.
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San Jose, California
It’s not a small city by any means, but San Jose is affluent in comparison to many other cities across the country. Why is that? Because most of the world’s biggest tech companies call this city home (think Apple and Google) which means that some of the most well-paid men and women in the world live and work here. With more than 1.8 million residents it’s not a small location. However, nearly 53,000 lf the people who live here have at least $1 million in assets, and since there are so many tech companies here we are willing to bet it’s actually more than that.
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Vero Beach, Florida
On the Atlantic side of Florida, many people are surprised that this area north of Miami – by a ways – is a hot spot for millionaires. As a lifelong Floridian, however, I’m not surprised. It’s a gem of a city, and there is so much to offer here, so few tourists in comparison to other big cities in the same area and there is plenty to love. Nearly 7.2 percent of the population here is very wealthy, with more than a million dollars in the bank, and it’s not something that should come as a surprise to most people in the area.
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Stamford, Connecticut
This very affluent community is certainly not one you would call small, but it does have a very high number of millionaires residing in the city for the number of people who live here. With just over 918,000 residents, nearly 30,000 of them have at least $1 million in liquid assets to their name. Because the area is so close to so many other affluent cities, it makes sense. A number of people who live here commute to Manhattan and work there where the money is good and the cost of living is too high.
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Naples, Florida
Naples is a beautiful area in which many wealthy people come to live. It’s known for being more of a retirement community than anything else, but that’s all right. For a medium-sized city with plenty of golf courses and beach access, there is a surprising number of millionaires. In fact, nearly 8.6 percent of the population in Naples has millions in the bank, and it makes life here even sweeter than it already is thanks to the views and the gorgeous weather.
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Los Alamos, New Mexico
With only 18,000 people calling this city home, nearly 1,000 of those are millionaires. That means that one in every 18 people who live here is actually a millionaire, and that’s pretty impressive. This is a small city, but it does have the highest concentration of millionaires in the country. The area is small, but it’s very upscale as you might imagine when the vast majority of the population is so wealthy. The city has an average household salary of over $106,000 per year, too.
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