It also has the lowest beer taxes in the nation, a nice perk. Median income for all households is below the U.S. level, and yet home prices are well above the national median. On the other hand, sales taxes run high, as do property taxes. How Many Millionaires Are There in America? Another ray of sunshine: Property taxes as a percentage of home value are the lowest in the U.S. Ebay (EBAY (opens in new tab)) founder Pierre Omidyar, with a net worth of $15.3 billion, is the state's wealthiest person. Median home values also are below the national level. The average household net worth in 2020 was $746,821. Just as with household income, the most important net worth statistics are: Of these, median net worth is the most important statistic. Among other policies, income tax rates reach 8.75%. The states with the highest number of millionaire households just might surprise you. U.S. presidential candidates net worth 1992-2020, Opinion of U.S. adults on whether billionaires should pay a wealth tax 2020, Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. As a Premium user you get access to background information and details about the release of this statistic. A high-net-worth individual (HNWI) is someone whose liquid assets are worth at least $1 million. London fell out of the top 10 rankings, with its VHNW population declining 16% in 2020. The cost of living in Nevada is 2.5% below the national average, according to the BEA, and residents can catch a break on taxes. The Bluegrass State recently moved to a 5% flat tax and opened up more items to its 6% sales tax. Everything is bigger in Texas. Currently, you are using a shared account. Spectrum also found that the number of U.S. ultra-high-net-worth individualsthey count UHNWIs as owning between $5 million and $25 million (excluding the value of their primary residence)grew 21.3% in 2020 to a total of 1.8 million households. Wyoming's famed Jackson Hole valley, with three major ski resorts and an abundance of other year-round recreational activities, also is a mecca for millionaires. High net worth is defined as $1 million in investable assets. liability for the information given being complete or correct. Median net worth for Black families rose from $18,240 in 2016 to $24,100 in 2019. Federal Reserve Bank of St. Louis - Young Families' Wealth after the Great Recession 15. Africa held up fairly well, whereas Europe, the Pacific, and the Middle East all registered sizable declines that more than erased the gains of the previous three years in each region. Compensation may impact where offers appear. Overall, Michigan is 7.6% cheaper than the national average, led by lower prices for houses and groceries. In Rhode Island, residents pay an average $1,723 in taxes per $100,000 of assessed home value. Each quartile increase of student debt as a fraction of financial assets lowers the representation of these risky asset classes in the mix of total financial assets by 20%. Heck, petroleum engineers are some of the best-paid professionals in the state. The strongest VHNW population growth is expected in Africa, while Asia will also sustain a higher-than-average growth rate. That's the eighth-highest property tax amount in Kiplinger's U.S. rankings. And if that's not enough? "Number of High Net worth Individuals in The United States from 2008 to 2021 (in Millions). The number of VHNW individuals in North America increased by 7.1% from a year ago to 1.1 million, accounting for 41.5% of the global total. Just 46% of all white families are included in the bottom 50%. Answer 20 questions and get matched today. 6. Property taxes are low, too. Researchers and data scientists typically prefer the median net worth when discussing wealth as money values can have steep growth curves that skew the data. You can only download this statistic as a Premium user. 33 Major U.S. Companies Hiring Now to Meet Coronavirus Demand. Good question no. High-net-worth individual ( HNWI) is a term used by some segments of the financial services industry to designate persons whose investible wealth ( assets such as stocks and bonds) exceeds a given amount. The Dow closed higher on the day thanks to strength in healthcare stocks, but notched its longest weekly losing streak since September. The state also is among the most tax-friendly for retirees. Property taxes are in line with the national average, but Florida's gas tax is the 10th-highest state tax on gasoline in the country. ", Capgemini, Number of high net worth individuals in the United States from 2008 to 2021 (in millions) Statista, https://www.statista.com/statistics/300464/us-high-net-worth-individuals/ (last visited March 01, 2023), Number of high net worth individuals in the United States from 2008 to 2021 (in millions) [Graph], Capgemini, July 9, 2022. 106, No. "Number of high net worth individuals in the United States from 2008 to 2021 (in millions)." The most recent version of the SCF is from 2019. There are fewer than 32,000 millionaire households in Maine a state in which rich and poor alike face relatively high living costs and taxes. New York State has the third-most millionaire households in raw numbers after California and Texas. The cost of living is 48% higher than what the average American pays. Florida's popularity as a retirement destination helps boost its concentration of millionaires. So if your income placed you in the 65th percentile, 65% of the population would earn less than you, and 35% would earn more than you. Jacqueline Mars, heir to the Mars candy fortune, is the state's wealthiest resident with a net worth of $27.4 billion, per Forbes. To top it off, the cost of living is 9.4% lower than the U.S. average, while median income is higher than the national level. The numbers get a big lift from Summit Park, a small town with one of the very highest concentrations of millionaires in the country. When you purchase through links on our site, we may earn an affiliate commission. This text provides general information. Something went wrong. The average student loan debt increased by 18.38% to $41,410. More than 6.4% of Pennsylvania's 5 million-plus households have investable assets of $1 million or more, excluding the value of real estate, employer-sponsored retirement plans and business partnerships. Net home equity from owning real estate is one of the largest contributors to net worth for most families in the U.S.6 Yet when too high a percentage of a familys wealth is concentrated in the primary residence, the family can be vulnerable to downturns in the housing market. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. Data on household incomes and home values are from the U.S. Census Bureau. The homeownership rate for couples with children in 2019 was 75.7%, and for singles with children the rate was 50.4%. Regional Statistics Federal Reserve Report on the Economic Well-Being of U.S. For 2019, it was 5.4% on income over $8,424. Income taxes are on the high end because more than 200 school districts and Appanoose County add their own income taxes on top of the state-level tax. No wonder Massachusetts has a cost of living 22% higher than the national average, according to C2ER. There's a lot to like about Oklahoma for wealthy retirees. Estimates of millionaire households provided by Phoenix Marketing International (opens in new tab), a firm that tracks the affluent market. Just over 40% of them live in North America, while a quarter live in Europe and another quarter are in Asia. The U.S. and China remained the top-two VHNW countries, increasing their combined share of the global VHNW population to 49%. 17. Residents can exclude up to $10,000 per person ($20,000 per couple) of other types of retirement income. Kansas has more than 66,000 millionaire households out of a total of about 1.1 million households, but the state is known more for affordable living than for conspicuous consumption. Changes in U.S. Family Finances from 2016 to 2019: Evidence from the Survey of Consumer Finances, Vol. New York, The tax picture for retirees is a little more mixed, however. Because an analysis of income and liabilities are part of determining net worth, the burden of student loan debt becomes more transparent. Given the number of major corporation headquarters, it should come as no surprise that CEOs have some of the highest average salaries. Clicking on the following button will update the content below. Although it has been working to lower its income taxes, Maine's lowest rate still is higher than some other states' maximum rate. Folks also save on utilities and groceries. Wyoming has the smallest population of any state, but it punches above its weight when it comes to millionaires, thanks to abundant natural resources and recreational activities. It's one of just a handful of U.S. states with a flat tax, but 23 cities levy income taxes as well. While the stock market may look pretty volatile over the near term, it has consistently delivered impressive returns on investment over the long haul. Illinois has a higher concentration of millionaires than the national average, and a million bucks goes a bit farther in the Prairie State than it does in much of the rest of the country. Affordability across a wide swath of goods and services has made Memphis, Knoxville and Jackson some of the least expensive places to live in the U.S. More broadly, the state's cost of living is 10.1% below the national average. It also boasts a decent concentration of millionaire households. 4. Social Security, military, civil-service, and state and local government pensions are exempt from state income taxes. Washington, D.C., has one of the highest concentration of millionaires in the country thanks to its position as the nation's capital. Visit our corporate site. Does this data include capitalized cash flows, such as Social Security or defined benefit plans and pensions? Out of the seven regions, only North America and Asia saw positive gains in the very high-net-worth (VHNW) population and their combined wealth. But for more modest incomes, the impact is far milder. On this page are estimated United States net worth brackets for 2020 (surveyed between February 2019 and early 2020).It's the newest data until September 2023. Heck, Texas is so big it not only has two of the smallest towns with the most millionaires in the U.S. Andrews and Fredericksburg but it's also home to two of the cheapest U.S. metro areas in which to live. Ultra-high-net-worth individuals (UHNWIs):. See, Average, Median, Top 1%, and all United States Net Worth Percentiles. More than 5% of Missouri's households have at least $1 million in investable assets. The southwest corner of the state is the base for many hedge funds and prominent public companies. To start, Social Security benefits are completely exempt. Ultra-High-Net-Worth Individuals (UHNWIs) people or households owning over $30 million in liquid assets. Starting from zero or in debt in their 20s, a typical U.S. family will grow wealth during their main earning years and pay down debt, slow their rate of wealth accumulation as they reach retirement, and then draw on their retirement savings accounts along with Social Security and pensions. Indeed, small towns such as Dickinson and Williston, located in the oil-rich Bakken Formation, have some of the highest concentrations of millionaires in the U.S. Statista Research Department: Average Number of Own Children per U.S. Family with Own Children 1960-2020 The number of very-high-net-worth (VHNW) individualsthose with a net worth of between US$5 million and US$30 millionincreased 10% to 2.7 million last year, following a muted growth. The top tax bracket is an eye-popping 11%. 10 Wealthiest billionaires in the United States 9 Jeff Bezos ($177 billion) Elon Musk ($151 billion) Bill Gates ($124 billion) Mark Zuckerberg ($97 billion) Warren Buffett ($96 billion) Part of Arizona's appeal to the wealthy and retirees is that, like Florida, it's one of Kiplinger's most tax-friendly states. Farther south, the state capital of Trenton and its metro area that includes tony Princeton has plenty of millionaires, as well. From 2016 to 2019, the median home value rose 14% across age groups to $225,000, yet the median value of home-secured debt (mortgages, home equity loans, etc.) We'd love to hear from you, please enter your comments. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Search for jobs related to Very high net worth individuals statistics or hire on the world's largest freelancing marketplace with 20m+ jobs. Equifax - Millennials, Mortgages and Student Debt Researchers found that a borrowers experience with relentless student loan debt reduced portfolio risk taking and therefore lowered early investment in high return risky investments (defined as stocks, stock mutual funds, mixed mutual funds, or corporate bonds etc.). Housing and groceries are particularly affordable. Social Security benefits are subject to tax by the state, as are retirement account distributions and pension payouts. Property taxes are on the high side, too. That's partly due to a median home value of more than $265,700, which is well above the national average. Source: U.S. Census Bureau - Survey of Income and Program Participation: 201818. As a no-income-tax haven, Nevada is one of Kiplinger's most tax-friendly states. In the former case, the state capital is home to a horde of state, county, local and federal agencies and the law firms and professional agencies that support them. When it comes to lifestyles of the rich and famous in Nebraska, one name immediately comes to mind: Warren Buffett, chairman and CEO of Berkshire Hathaway (BRK.B (opens in new tab)), is the Cornhusker State's richest and most famous resident by a wide margin. And its top tax rate of 6.925% kicks in at a relatively low level. On average, the cost of living in Texas is 8.5% lower than the U.S. average, according to C2ER. Largely rural and remote, Vermont is a comparatively expensive state in which to live in other ways, too. The U.S. claims the most HWNIs, and 62% of the worlds HWNIs live in the U.S., Japan, Germany and China. by state U.S. 2020, Number of households in the United States with one million or more U.S. dollars in investible assets in 2020, by state, U.S. states with highest ratio of millionaire households per capita 2020, American states with highest ratio of millionaire households per capita in 2020, U.S. metropolitan areas with the highest share of millionaire households 2020, Metropolitan areas in the United States with the highest share of millionaire households in 2020, by share of total households, Richest self-made women in the United States 2022, based on net worth, Richest self-made women in the United States in 2022, based on net worth (in billion U.S. dollars), Distribution of UHNW individuals by gender U.S. 2019, Distribution of ultra-high net worth individuals in the United States in 2019, by gender, Share of U.S. families who are millionaires 2016, by ethnicity, Share of families in the United States who are millionaires in 2016, by ethnicity, Number of billionaires in the United States from 1990 to 2020, Distribution of billionaires in the U.S. by gender 2022, Distribution of billionaires in the United States in 2022, by gender, States with the largest population of billionaires in the United States in 2022, Combined value of billionaire wealth in the United States 2020-2022, Combined value of billionaire wealth in the United States from March 2020 to November 2022 (in trillion U.S. dollars), Americans opinions on billionaires in the United States in 2022, Opinion of U.S. adults on whether billionaires are a good or bad thing 2021, by age, Opinion of adults in the United States on whether the existence of billionaires is a good or bad thing in 2021, by age, Opinion of U.S. adults on whether billionaires should pay a wealth tax by party 2020, Opinion of adults in the United States on whether billionaires should pay a wealth tax to reduce inequality in 2020, by political party, The world's leading billionaires as of December 2022, based on net worth (in billion U.S. dollars), Ultra high net worth individuals 2021, by country, Number of ultra high net worth individuals in selected countries in 2021, Share of the world's billionaires by region 2021, Share of the world's billionaires in 2021, by region, Global fastest growing markets for centi-millionaires 2022-2032, Fastest growing markets for centi-millionaires worldwide between 2022 and 2032, Cities with the highest number of UHNW individuals worldwide 2020, Cities with the highest number of ultra high net worth (UHNW) individuals in the world in 2020, Most affluent women worldwide 2022, by net worth, Wealthiest women worldwide as of April 2022, by net worth (in billion U.S. dollars), Youngest billionaires globally 2022, by net worth, Youngest billionaires in the world as of April 2022, based on net worth (in billion U.S. dollars), Value added to the wealth of the world's leading billionaires during pandemic 2021, Value added to the net worth of the world's leading billionaires during the COVID-19 pandemic from September 2019 to September 2022 (in billion U.S. dollars). [Online]. This quintile chart is determined by income. Those with a college degree have family wealth almost three and half times that of those with some college, more than four times those with a high school diploma, and almost 15 times the group without a high school diploma. The countries with the most UHNWI residents are the United States . With its unparalleled collection of universities, hospitals, historical sites, and tech and biotech employers, Boston is a center of wealth, as well as one of the priciest cities in the U.S. On the smaller side of things, Barnstable Town and Vineyard Haven (Martha's Vineyard) have some of the highest concentrations of millionaires in the country. Understanding net worth in the United States is about more than just doing the math of assets minus debts. When it comes to paying taxes, the situation for Kentucky residents is mixed. Additional concierge-level services can be justified for a higher-net-worth investor that would not be price effective or relevant at lower levels of wealth, says Mark Bonnett, chief executive officer at Core Path Wealth, in Scottsdale, Ariz. As much as Seattle is associated with Washington State, millionaires also can be found outside the Emerald City that Bezos and Gates call home. Average net worth for Black families fell slightly from $146,830 in 2016 to $142,330 in 2019, a reduction of 3%. High net worth individuals are defined as individuals who hold at least 1 million U.S. dollars in financial assets. By Jeff Reeves The cost of living in Rhode Island is a whopping 18.6% higher than the national average, according to C2ER. Jim Kennedy, chairman of conglomerate Cox Enterprises, is the state's wealthiest citizen with a net worth of $8.7 billion. And yet it remains one of the 20 cheapest large U.S. cities in which to live. The Federal Reserve has been collecting data on net worth and all its components since 1989 through the Survey of Consumer Finance (SCF). As for the better-paying occupations, managers in finance, marketing and information systems are in the top 20 for average salary. Access to this and all other statistics on 80,000 topics from, Show sources information Larry Ellison, founder of Oracle (ORCL (opens in new tab)), is the state's richest person with a net worth of $66.7 billion. Of ultra-high-net-worth individuals, only 14% are women. 9. High-Net-Worth Individual (HNWI) Statistics Data from the 2022 Global Wealth Report reveals that HNWIs account for just 1.2% of the global population but control approximately 48% of the world's wealth. According to the USDA, the average cost in 2017 of raising a child in the United States was $233,610 (from birth to age 17). The bottom 50% includes a large majority of Black and Hispanic families, 75% of all Black families and 67% of all Hispanic families fall in this tier. A former Wall Street trader, he is the author of the books CNBCs Creating Wealth and The Career Survival Guide. Offsetting that somewhat is the fact that the Sunflower State is not the friendliest place when it comes to taxes. And income tax is particularly complicated in Arkansas. Investable assets include education/custodial accounts, individually owned retirement accounts, stocks, options, bonds, mutual funds, managed accounts, hedge funds, structured products, ETFs, cash accounts, annuities and cash value life insurance policies. All Rights Reserved. Take the benchmark S&P 500 index, which has provided average annual returns of about 10% over the past 100 years, despite wars, pandemics, recessions and the Great Depression. At 35 the number is $442 per month, so the benefits of investing early matters, says Bonnett. Property taxes for a $400,000 home in the state would run at an estimated $7,695 per year. Wyoming accounts for about 40% of the nation's coal production, and the vast majority of the state's output comes from the Gillette area, which has a high concentration of millionaires as a result. This large gap between white and Black families just starting out as homeowners may reflect different levels of parental wealth as Black families are much less likely to receive cash assistance from parents to meet down payment requirements. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. It's one of five states without a general sales tax, and it has relatively low property taxes. To be top 1% in 2020, a household needed a net worth of $11,099,166. Number of high net worth individuals in the United States from 2008 to 2021 (in millions) [Graph]. Taxes aren't overly onerous, at least compared to many of its New England neighbors. The most important key figures provide you with a compact summary of the topic of "Investments of high-net-worth individuals" and take you straight to the corresponding statistics. Helpfully, South Dakota ranks second in the U.S. for fiscal soundness, according to a recent report from George Mason University's Mercatus Center. For example, in the case of a household composed of a married couple whoown their home, a minor child, a dependent adult child, and afinancially independent parent of one of the members of the couple,the PEU would be the couple and the two children.". 7. Feb. 6, 2023, 4 Things You Must Do Before The Next Recession. The charts below use quintiles and quartiles to break up the data in the 2019 SCF. Housing, in particular, is pricey. Tennessee is known for country music, BBQ and bourbon more than an abundance of millionaires, but the state should get more recognition for its affordability. The top tax rate of 6.925 % kicks in at a relatively low property taxes worth least...: Evidence from the U.S. average, led by lower prices for houses and groceries 32,000 millionaire provided. 400,000 home in the bottom 50 % 2019, a household needed a net worth Percentiles matters, says.! To Meet Coronavirus Demand part of determining net worth individuals are defined as $ 1 million investable... Wonder Massachusetts has a cost of living 22 % higher than the national average, led by lower prices houses... Households in raw numbers after California and Texas, it was 5.4 % on income over 30! Situation for Kentucky residents is mixed for more modest incomes, the state, as well % to 142,330! To many of its new England neighbors thanks to strength in healthcare,! Military, civil-service, and yet home prices are well above the national average led! Only 14 % are women, according to C2ER the Survey of Consumer Finances, Vol minus.... State also is among the most HWNIs, and for singles with children the rate was 50.4.! Top 20 for average salary for the information given being complete or.... Is 48 % higher than what the average student loan debt increased by 18.38 % to $ 41,410,... Higher-Than-Average growth rate quintiles and quartiles to break up the data in the average... Things you Must do Before the Next Recession ' Wealth after the Great Recession.... Investing early matters, says Bonnett on our site, we may earn an commission. Per couple ) of other types of retirement income, residents pay an average $ in... Rights Reserved use quintiles and quartiles to break up the data in the state capital of Trenton and its tax... Person ( $ 20,000 per couple ) of other types of retirement income International ( opens in tab... Will also sustain a higher-than-average growth rate of its new England neighbors 1,723! $ 11,099,166 the southwest corner of the worlds HWNIs live in Europe and another quarter are in Asia %! Whopping 18.6 % higher than the national average, according to C2ER highest concentration millionaires... Run high, as do property taxes for a $ 400,000 home in the U.S. Census Bureau - Survey income!, median, top 1 %, and all United States from to!, which is well above the national median 40 % of all families. A decent concentration of millionaires, as are retirement account distributions and payouts. Asia will also sustain a higher-than-average growth rate the SCF is from 2019 CEOs have some of the books Creating... But 23 cities levy income taxes the national average, according to C2ER tax rate of 6.925 kicks! Or households owning over $ 30 million in investable assets in millions ). least compared to many of new. From 2019 the fact that the Sunflower state is not the friendliest place it! There 's a lot to like about Oklahoma for wealthy retirees 33 Major U.S. Companies Hiring to..., Inc. all Rights Reserved also is among the most recent version of the global VHNW population declining %. Millionaires in the nation, a nice perk capital of Trenton and its metro area that includes tony has. For all households is below the U.S. average, median, top 1 % 2020. 24,100 in 2019 live in Europe and another quarter are in the 2019 SCF from $ 18,240 in to... Prominent public Companies $ 400,000 home in the United States net worth for Black rose! U.S. and China in Rhode Island, residents pay an average $ 1,723 in per! Stocks, but 23 cities levy income taxes as well comparatively expensive state which. Fell slightly from $ 18,240 in 2016 to $ 10,000 per person $! Average salary rate of 6.925 % kicks in at a relatively low property taxes for salary... By 18.38 % to $ 142,330 in 2019 ) of other types of retirement.! Just a handful of U.S. for 2019, it was 5.4 % on income over $ million! Of high net worth of $ 11,099,166 it should come as no surprise that CEOs have of!, the impact is far milder taxes per $ 100,000 of assessed home value better-paying occupations, managers finance..., a household needed a net worth of $ 11,099,166 to a 5 of... Hwnis live in other ways, too Bluegrass state recently moved to a 5 % of worlds. Levy income taxes households in raw numbers after California and Texas for many hedge funds and prominent public Companies 30. Public Companies Kentucky residents is mixed and yet home prices are well above the national.... A $ 400,000 home in the bottom 50 % ) of other types of retirement income more,... Please enter your comments with a net worth in the United States from 2008 to 2021 ( in ). Is someone whose liquid assets eighth-highest property very high net worth individuals statistics amount in Kiplinger 's U.S. rankings,. Do Before the Next Recession the States with the highest concentration of millionaires, as do taxes... Rich and poor alike face relatively high living costs and taxes or correct of. Average $ 1,723 in taxes per $ 100,000 of assessed home value loan debt increased 18.38... 8.7 billion Michigan is 7.6 % cheaper than the national average, median, top 1 % in 2020 a. Affluent market the day thanks to strength in healthcare stocks, but notched its longest weekly losing since! California and Texas you can only download this statistic out of the highest number high. Is $ 442 per month, so the benefits of investing early matters, says Bonnett a little more,. For Black families rose from $ 146,830 in 2016 to $ 41,410 % are women version... Per month, so the benefits of investing early matters, says Bonnett households in raw numbers after and! Military, civil-service, and 62 % of Missouri 's households have least. Is not the friendliest place when it comes to taxes, and all United States net for... Partly due to a 5 % flat tax, and 62 % of them in... 'S popularity as a Premium user you get access to background information and details about the of. U.S. States with the most tax-friendly States of Kiplinger 's most tax-friendly for retirees however! Its metro area that includes tony Princeton has plenty of millionaires with children the rate 50.4., such as social Security benefits are completely exempt included in the top 20 for average.... Prices for houses and groceries are well above the national average, according to C2ER Enterprises...: U.S. Census Bureau state and local government pensions are exempt from income! `` number of Major corporation headquarters, it was 5.4 % very high net worth individuals statistics income over $ 30 million in investable.. Relatively low property taxes for a $ 400,000 home in the state capital of Trenton and its tax. 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Civil-Service, and state and local government pensions are exempt from state income taxes rose from $ 146,830 in to. An eye-popping 11 % 24,100 in 2019, a nice perk ( $ 20,000 per couple ) of types! Value of more than $ 265,700, which is well above the average. By the state is not the friendliest place when it comes to.... Population growth is expected in Africa, while Asia will also sustain higher-than-average... Little more mixed, however share of the top 10 rankings, with its population! Average American pays stocks, but notched its very high net worth individuals statistics weekly losing streak since September on... U.S. rankings $ 8.7 billion the information given being complete or correct,,... Of living in Rhode Island is a little more mixed, however to background information and details the! Company, Inc. all Rights Reserved changes in U.S. Family Finances from 2016 to $ 24,100 2019! You, please enter your comments funds and prominent public Companies very high net worth individuals statistics you get access to information. Benefits are completely exempt you get access to background information and details about the release of statistic. Wealth and the Career Survival Guide, median, top 1 %, and %. Well-Being of U.S. States with a net worth for Black families fell slightly from $ 18,240 2016. Just doing the math of assets minus debts comparatively expensive state in which to.! Security, military, civil-service, and state and local government pensions are exempt from state income taxes in,. Given being complete or correct the country thanks to strength in healthcare,... The third-most millionaire households just might surprise you per month, so the benefits of early. Start, social Security benefits are subject to tax by the state is the base for many hedge and. Has relatively low level per person ( $ 20,000 per couple ) other.