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Cities With the Highest Percentage of Millionaires

Phoenix Marketing International just released a study and found that New Mexico’s Los Alamos has the highest concentration of millionaires living in one city. Almost 1 in 10 residents of Los Alamos is a millionaire! Think about that, at any one point in time, almost every store in the local mall probably has a millionaire in it (assuming there is an average of 10 customers in each store).

Here’s are the top 10 cities with the highest percentage of millionaires:

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City Millionaires
Los Alamos, N.M. 9.7%
Naples/Marco Island, Fla. 8.6%
BridgePort/Stamford/Norwalk, Conn. 7.2%
Vero Beach, Fla. 7.2%
San Jose/Sunnyvale, Calif. 6.9%
Sarasota/Bradenton/Venica, Fla. 6.7%
align=”left”Easton, Md. 6.7%
Hilton Head Island/Beaufort, S.C. 6.6%
San Francisco/Oakland, Calif. 6.4%
Honolulu, Hawaii 6.4%

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Comments:

  •     lisa beall
    · October 14th, 2007  · 2:49 pm  · Permalink

    What about Palm Beach Florida? Hard to believe it’s not in the ranking.

  •     Steph
    · October 16th, 2007  · 10:00 pm  · Permalink

    Is it possible that many of the “millionaires” there maybe aren’t really millionaires? Maybe they are portraying the image of a millionaire through financing and debt…

    I’ve saw this a lot when I lived in LA. A lot of people looked richer than they really were through the help of debt. Some appeared to be doing quite well but when you looked behind the covers they were already over saturated with debt.

    I don’t know if this is the case with Palm Beach Florida, but I suspect it’s very similar to LA…

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