How many millionaire households are in the United States?

This statistic shows the number of millionaire households in the United States from 2006 to 2020. As 2020, the number households with a net worth of one million U.S. dollars or more (excluding primary residence) stood at 11.6 million , up from 11 million in 2019.

What state do most millionaires come from?

We used the research from our study to break down the number of millionaire residents in each state. It's no surprise that California and New York have the most millionaires.

What percentage of US population has $2 million dollars?

Top 2% wealth: The top 2% of Americans have a net worth of about $2.472 million, aligning closely with the surveyed perception of wealth. Top 5% wealth: The next tier, the top 5%, has a net worth of around $1.03 million. Top 10% wealth: The top 10% of the population has a net worth of approximately $854,900.

How many households have $5 million net worth?

“Somewhere around 4,473,836 households have $4 million or more in wealth, while around 3,592,054 have at least $5 million. Respectively, that is 3.48% and 2.79% of all households in America.”

How many homes does the average millionaire have?

On average, a millionaire's most valuable property is valued at $953,917. Many are actively expanding their real estate portfolios and own about two homes . About 19% of millionaires own three homes or more. By contrast, the average worth of demi-billionaires' property is valued at over $10 million.

What state has the least millionaires?

In 2019, Mississippi had the lowest ratio of millionaire households per capita in the country, with only 4.18 percent of households holding over one million U.S. dollars in assets.

What is the wealthiest state in America?

New Jersey topped a U.S. News & World Report ranking of the richest states in the U.S. The ranking, published in November, used the U.S. Census Bureau's American Community Survey estimates from 2022 to identify states with the highest median household income.

What is the wealthiest state in the United States?

Top 10 Richest States in the USA (by Median Household Income) Massachusetts. Hawaii. Connecticut. Virginia. Washington. Colorado. New Hampshire. Minnesota. More items... Mar 19, 2024

Where do 90% of millionaires come from?

If 90% of millionaires come from real estate , then 100% of billionaires come from private equity. And every month I acquire several new companies. We've gotten into the game of mergers, acquisitions.

Which US city has most millionaires?

New York still leads the U.S. and the world when it comes to wealthy cities. With nearly 350,000 millionaires and 60 billionaires, the Big Apple is the richest city in America, according to the USA Wealth Report from Henley & Partners and New World Wealth.

What net worth is considered rich?

Someone who has $1 million in liquid assets, for instance, is usually considered to be a high net worth (HNW) individual. You might need $5 million to $10 million to qualify as having a very high net worth while it may take $30 million or more to be considered ultra-high net worth.

How many people have $3,000,000 in savings in usa?

1,821,745 Households in the United States Have Investment Portfolios Worth $3,000,000 or More.

What net worth is considered wealthy?

According to Schwab's 2023 Modern Wealth Survey, Americans perceive an average net worth of $2.2 million as wealthy. Knight Frank's research indicates that a net worth of $4.4 million is required to be in the top 1% in America, a figure much higher than in countries like Japan, the U.K. and Australia.

U.S. millionaire households: number by state 2020 | Statista (2024)

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Number of households in the United States with one million or more U.S. dollars in investible assets in 2020, by state Statistics on " Private wealth management " Other statistics that may interest you Private wealth management Statistics Topics FAQs

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Published by

Veera Korhonen,

Jun 2, 2023

In 2020, California had the highest number of millionaire households in the U.S., with 1.14 million households having one million or more in investible assets. This is nearly double the 650,216 millionaire households in Texas, the state with the second-highest number.

Number of households in the United States with one million or more U.S. dollars in investible assets in 2020, by state

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Release date

May 2020

More information

Region

United States

Survey time period

2019

Supplementary notes

Millionaire households are defined by the source as those with one million U.S. dollars or more in investible assets, such as cash, stocks, bonds and funds. Excluded is the value of non-investible assets like real estate, employer-sponsored retirement plans and business partnerships.

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