![]() In others, a particular industry drives local wealth. In some cases, these locations benefit from being popular recreational areas or havens for wealthy retirees. The following list of cities is limited to "micropolitan" areas, which the Census Bureau defines as urban clusters with populations between 10,000 and 50,000, "plus adjacent territory that has a high degree of social and economic integration with the core as measured by commuting ties." Phoenix Marketing International, a firm that tracks the affluent market, annually ranks 933 urban areas, large and small, based on the percentage of millionaire households in each location. But high concentrations of millionaires can be found in some far-flung places too. ![]() ![]() Examples of investable assets include cash, stocks, bonds and funds, among a bunch of other types of investments and financial products.īy raw numbers, most millionaires in America can be found in and around big cities such as New York, Los Angeles and Chicago – just as you would expect. To clarify: That means they have at least $1 million in investable assets. A million bucks in liquid assets isn't what it used to be, but it's still really hard to amass.īack out things such as the value of real estate (the bulk of most folks' wealth is tied up in their homes), employer-sponsored retirement plans and business partnerships, and only 6.7% of American households qualify as millionaires.
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