If you’re looking to snag a millionaire you may want to rethink the usual cities that come to mind. As a whole about 8% of America’s households are millionaires.
Sure New York, Los Angeles and even San Francisco all boast some of the largest number of wealthy residents but you’d actually have a better chance of meeting a millionaire in less obvious places such as Los Alamos, New Mexico or Sarasota, Florida.
New York has by far the most millionaire households around 700,195 but with more than 6.8 million households in the metropolitan area that math breaks down to one in ten with a net worth of one-million or more.
Therefore, you would essentially double your chances of meeting a millionaire in a much smaller city like Los Alamos with less than 8,000 residents but one in five are worth at least a million.
The main industry is the famed Los Alamos National Laboratory a magnet for highly paid government scientists.
Cities with the most millionaires tend to have one of three things:
- They are popular with wealthy retirees.
- They are home to innovators and gifted talent pools.
- They have a high concentration of corporations and highly paid executives.
Another important fact is the wealthy seem to concentrate near coastal cities with nine of the top ten cities on the Atlantic, Pacific, or Gulf coasts with three being in Florida.
Top Ten List:
- Los Alamos, N.M.
- Washington, D.C.
- Lexington Park, MD
- Easton, MD
- San Jose, CA
- Oxnard, CA
- Trenton, NJ
- San Francisco, CA