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Maryland to 49 Other States: Who Wants to be a Millionaire?

Maryland ranks first among millionaires. Do you feel any richer?

Where does Maryland rank on the list of most millionaires per state? File | Patch
Where does Maryland rank on the list of most millionaires per state? File | Patch

Maryland has more millionaires than any other state, although Virginia and District of Columbia households aren’t too shabby either.

WTOP reports that wealth research firm Phoenix Marketing International’s annual list ranking states by millionaires says 167,287 Maryland households, or 7.7 percent of all households in the state, have investable assets of $1 million or more, the highest concentration of millionaires per capita in the country. It is the third consecutive year Maryland has ranked No. 1.

Virginia ranks No. 7, at 6.64 percent of all households. When the District is included with states, it ranks No. 10, at 6.10 percent of all households, WTOP says.

The Top 10 states for concentration of millionaires per capita, according to Phoenix Marketing International:

•   Maryland, 7.7 percent

•   New Jersey, 7.49 percent

•   Connecticut, 7.32 percent

•   Hawaii, 7.18 percent

•   Alaska, 6.75 percent

•   Massachusetts, 6.73 percent

•   Virginia, 6.64 percent

•   New Hampshire, 6.48 percent

•   Delaware, 6.20 percent

•   District of Columbia, 6.10 percent

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