NH Rankings: A Bevy of Millionaires

Apr 13, 2017

BY: Citizens Count

According to a report by Marketing International, New Hampshire has held steady this year in its ranking for percentage of millionaire households, coming in 7th in the nation at 6.82%. 

Nationally, the number of millionaire households has been rising in recent years, growing by over 800,000 since 2012 and by 1.3 million since 2006. They now make up roughly 5.5% of all U.S. households. 

Maryland topped the ranking, with 7.55% of households holding more than $1 million in assets. Connecticut and Massachusetts both beat out New Hampshire in the ranking. 

Interestingly, the report noted sometimes significant geographical shifts in the percentage of millionaire households. Washington D.C. has fallen from 9th to 20th after the recession, but in the most recent report had returned to previous levels. Florida, which sat at 10th in 2006, continued to fall, now coming in 32nd. 

The authors attributed this to differences in how well or poorly some states are recovering from the economic downturn, in some cases due to reliance on particularly hard-hit sectors such as oil and gas. 

 

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