It's 8.2% less expensive to live in the Tar Heel State than the national average, and Durham is one of the happiest places to live in the U.S., according to the Gallup-Sharecare Well-Being Index. Anesthesiologists, obstetricians and gynecologists are also within the top 10. New Mexico Kansas Virginia Alabama The southwest corner of the state is the base for many hedge funds and prominent public companies. Delaware Virginia The 10 Richest Neighborhoods In Akron, OH For 2021. For the record, Maine's richest resident is Susan Alfond, according to Forbes. 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. New York However, it remains to be seen what happens to their ranks amid an historic crash in oil prices. Here’s a peek back at the past. Median income for all households: $59,246. The Golden State is home to the most millionaires in the nation, at more than 1 million households, and claims four of the top 10 metro areas with the highest concentrations of millionaires. Hawaii 272 pages. Ohio Utah Significantly cheaper average home prices drive Georgia's affordability. Rhode Island Median income for all households: $60,905. Offsetting that somewhat is the fact that the Sunflower State is not the friendliest place when it comes to taxes. But be forewarned: Income tax bites hard on higher incomes, with the top rate of 6.5% kicking in on taxable income over $60,000. Arkansas Well-paid jobs in the finance and insurance industries, as well as the presence of major companies like DuPont (DD) and AstraZeneca (AZN), help fuel an above-average concentration of millionaire households in Delaware. UnitedHealth Group (UNH), 3M (MMM), Target (TGT) and General Mills (GIS) are just a few of the major firms headquartered there. As befits a place that pumps a lot of oil out of the ground, fuel taxes are low. The Tax Foundation's average combined state and local sales tax rate for Washington is the fourth-highest in the country, as is its gas tax. Just for good measure, we're also providing important tax and cost-of-living information. Mississippi The Keystone State has the second-highest state gas tax in the nation and the sixth-highest state and local cellphone wireless service taxes. The increasing number of millionaires is partially due to inflation: a million United States Dollars, for example, provides far less purchasing power today than it did in the 19th century. Social Security benefits are subject to tax by the state, as are retirement account distributions and pension payouts. Idaho Horses But at 13.2%, it has the second-highest concentration of millionaires per capita of any city in the U.S. Pennsylvania Delaware Connecticut Maine Median income for all households: $56,111. Nevada Median income for all households: $55,583. According to the authors, most people have it all wrong about how you become wealthy in America. Massachusetts Colorado Alabama Philip Anschutz - a mogul whose interests span oil, railroads, telecom, real estate and entertainment - tops the state's rich list with a net worth of $11.6 billion, Median income for all households: $67,844. Minnesota Montana Alabama Population: 14,102. North Carolina Florida [ SPONSORSHIPS/ADVERTISING North Dakota by T. Harv Eker. Indiana Missouri South Dakota Total households: 316,927. Concentration of … Montana Support NETSTATE. But back when the city was the sixth largest in the country, in the early 1900s, Euclid Avenue was one of the most stunning places in the world. At the other end of the spectrum, Michigan is home to one of the least expensive places to live in the U.S. New Mexico The cost of living in Kalamazoo is 21.6% below the U.S. average. New Hampshire South Dakota The numbers get a big lift from Summit Park, a small town with one of the very highest concentrations of millionaires in the country. The tax rate for 2018 was 5.49%; in 2019 it dropped to 5.25%. Median income for all households: $56,274. New Jersey Median income for all households: $64,340. The tax picture for retirees is a little more mixed, however. Some of the homes were as large as 50,000 square feet with lots consuming 6 acres of land in Cleveland. Oklahoma Alabama Median income for all households: $63,426. The greater D.C. area is a magnet for the highly educated seeking high-powered jobs. 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. Mississippi Indeed, a record 6.71% (or 8,386,508 out of 125,018,808 total U.S. households) can now claim millionaire status. Income information Median income for all households: $47,169. Iowa South Carolina New York But you don't have to go to Las Vegas to rub elbows with the Silver State's millionaires. Low costs are great, but there's not as much to like when it comes to paying taxes. Texas has 56 billionaires among its ranks, led by Alice Walton ($55.1 billion) of Walmart (WMT) fame. New Jersey Sports CLEVELAND, Ohio -- Of all the neighborhoods in Cleveland that have evolved through the years, perhaps none have changed as drastically as a stretch of Euclid Avenue once known as "Millionaires' Row." Louisiana Everything is bigger in Texas. New Jersey See more ideas about millionaires row, cleveland, ohio. Languages Millionaires and regular folks alike don't catch much of a break when it comes to giving the state government its cut. Montana Montana Tennessee Arkansas is not tax-friendly. Median income for all households: $55,328. Maine That's the eighth-highest property tax amount in Kiplinger's U.S. rankings. Utah Indiana Marketing managers and financial managers tend to do well in SD. Nebraska Kansas They help drive an economy that supports more than 167,000 millionaire households. Based on 2009 data, there are currently 66 in the Senate and 179 in the House (among current voting members). Georgia New York Arizona's median home values are above the national level, but its cost of living remains more than reasonable. Indiana Though there are now a record number of millionaires in the U.S., according to the Spectrum Group's 2017 Market Insight report, they still only make up … Massachusetts Indiana jumped four places in the millionaire rankings year-over-year. While the Hoosier State exempts Social Security benefits and offers limited exemptions for military pensions and federal civil-service pensions, IRAs, 401(k) plans and private pensions are fully taxable. Property taxes are on the high side, and you can only get relief from that if you're a low-income resident. Send a message and setup a meet up tonight. Rhode Island State income tax doesn't exist; in fact, the government actually pays residents. Vermont What is the scariest thing that has ever happened to you on a road trip? Vermont Seattle, which is one of America's fastest-growing cities, also is one of the most expensive. The explosion in shale oil drilling has minted many a millionaire in North Dakota over the past decade. And high taxes don't help matters. New Hampshire residents also don't pay too much state tax at the pump. The Palmetto State extends some real Southern hospitality, offering a charming collection of income tax breaks. Apr 6, 2020 - Euclid Avenue in Cleveland, Ohio was once lined with mansions. Wisconsin Utah Oklahoma And home prices are a dream compared to what the average American pays. As for the better-paying occupations, managers in finance, marketing and information systems are in the top 20 for average salary. Arizona Around the turn of the twentieth century, Baedeker's Travel Guide dubbed Euclid Avenue the "Showplace of America" for its beautiful elm-lined sidewalks and ornate mansions situated amid lavish gardens. No, it doesn't have the highest concentration of millionaires, but in terms of raw numbers, only California has more than the Lone Star State's 650,216 millionaire households. Illinois Arkansas Idaho taxes all income except Social Security and Railroad Retirement benefits. Senators and Representatives (Personal Gain Index) . They also have a higher ranking in this year's millionaire rankings, jumping four spots from last year. Florida California's reputation as a high-tax destination is built in part on how aggressively it goes after big earners, with a 13.3% tax rate that kicks in at $1 million (for single filers) of taxable income. The Golden State is home to the most millionaires in the nation, at more than 1 million households, and claims four of the top 10 metro areas with the highest concentrations of millionaires. Maryland The cost of living in the Nutmeg State is 19% greater than the national average. Wisconsin During 2016, the net worth of the world's more than 2,000 billionaires rose by 18 percent to a record $7.67 trillion, according to Forbes, … North Dakota Alabama is another state where you don't need a million bucks to live well. New Mexico Iowa Pennsylvania Median income for all households: $76,348. Colorado The upside of having fewer millionaires is that it helps keep a lid on living costs, which are 8.9% below the U.S. average. Pennsylvania Florida New Hampshire Ernest Garcia II, who made his fortune in used cars and auto loans, tops the list with a net worth of $6.6 billion. Central Ohio has nine millionaire neighborhoods and most of them are in the northern suburbs. Hear from medical experts, community leaders, public health professionals, frontline workers, and people who have been vaccinated. Median home value is a whopping 62% higher than the national level, but median income is less just 20% greater. Wisconsin Kentucky has fewer than 84,000 millionaire households. Cleveland’s Millionaires’ Row. Oklahoma has one of the highest combined sales tax rates in the nation, at an average of 8.94%. North Dakota South Carolina Start flirting and setup a go out tonight. Missouri Sales taxes - with an average combined rate of 9.16% - do take a bite, though. Mammals Median income for all households: $64,805. New York Part I explains how your money blueprint works. Nevada Farther south, the state capital of Trenton - and its metro area that includes tony Princeton - has plenty of millionaires, as well. Emblems Millionaires Row on Cleveland’s Euclid Avenue: What was once know as “the most beautiful street in America” is now a distant memory over a century later. West Virginia New Hampshire The cost of living for Illinois is 1.9% below the U.S. average, but taxes can take quite a toll. Washington Median income for all households: $74,073. Indiana Millionaires' Row, a length of Euclid Avenue, was where prominent figures such as John D. Rockefeller, Marcus Hanna, and Charles F. Brush built their mansions. World-class ski resorts and luxury shopping are the main draw. Nebraska Create your 100% Free Account Today Fossils Concentration of … Computer and information systems management is one of the best-paying jobs in the state. North Dakota is one of the nation's tax-friendliest states. Missouri On the other hand, Alaska is among the most tax-friendly states in the country. Gun stores per capita: 4th in Ohio. Median incomes and home values aren't too far below national levels. Alaska The cost of living in Rhode Island is a whopping 18.6% higher than the national average, according to C2ER. North Carolina Total households: 323,410. Virginia Hawaii Massachusetts Top-paying jobs include surgeons, computer and information research scientists, nuclear engineers and sales engineers. I just published an entry today in my blog, ”All Things Cleveland”, about Cleveland’s Millionaire’s Row, which I felt was also appropriate to share with fans of US Route 20.Millionaire’s Row was a stretch of US 20 (Euclid Avenue) in Cleveland where, in the later 1800s and early 1900s, some of the wealthiest people in the city and the nation took up residence. Indiana Cats South Dakota Montana Millionaire households: 29,506. From the greater Boston area to the tip of Cape Cod, Massachusetts has more than its fair share of millionaire households. Texas Alaska South Dakota is better known for Mount Rushmore, agriculture and the great outdoors than millionaires. West Virginia has a relatively low concentration of millionaires, but the cost of living is 12.2% lower than the national average, according to the BEA. Editor’s Note: We updated this article for 2021. That's up from 6.21% in 2018 and just 5.81% in 2017. Indeed, the median home value in Tennessee is 23% below the national level. WARREN, Ohio – You don’t need to be well-versed in local history to appreciate the architectural beauty of the homes that line Warren’s Millionaires Row. Idaho Mississippi Nebraska Property taxes are quite low, but sales taxes take a toll. This is our seventh time ranking the richest neighborhoods to live in Akron. Louisiana's 90,000 millionaires, whose income depends on the state's economic staples, are likely to be feeling a pinch. It almost goes without saying that California is a pricey place to live. Median income for all households: $71,953. Nancy Lerner (B. Michigan Florida The list was used by the Ohio Archaeological and Historical Society for fund raising in 1931. New York Euclid Avenue's "Millionaires' Row" was home to some of the nation's most powerful and influential industrialists, including John D. Rockefeller. New Mexico Mississippi Delaware The Volunteer State has no broad-based income tax. Concentration of … Montana Kentucky Michigan 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. Maryland Kansas Tennessee Massachusetts Florida Texas As for taxes, millionaires could do better, but then, they could also do worse. Montana is generally tax-friendly if you're still working. Oklahoma Maryland Michigan Quarters Massachusetts A strong score on fiscal stability indicates the Beehive State is likely to be able to keep things average. And yet it remains one of the 20 cheapest large U.S. cities in which to live. Stephen Bisciotti, owner of the NFL's Baltimore Ravens, is the state's richest citizen with a net worth of $4.4 billion. Wyoming, Symbols It turns out there are numerous states with higher percentages of well-off households, several of which probably will surprise you. Property taxes are low, too. Unfortunately for millionaires and non-millionaires alike, Michigan is not tax-friendly. Vermont Although sales taxes in Vermont are modest, it's an expensive place to own a home (as well as heat it). Wisconsin But if you take the time to learn some of their stories, it’s easy to peel back the years and get glimpse of the wealthy, vibrant city that Warren was near the turn of the 20th century. And the average property tax rate in the Hawkeye State is the 12th-highest in the nation. Introductions The cost of living is 3.4% lower than the national average, according to the BEA. Vermont Tennesseans also tend to keep more of their hard-earned dollars. Georgia An inheritance tax adds to the state's overall tax burden. Indeed, Maine is one of Kiplinger's least tax-friendly states. Nebraska Washington Utah And median home prices are more than a third less expensive than the national level. Maryland's real estate taxes are middle of the road, and sales taxes are 6%. Property tax rates in South Carolina are low too. Ohio and Kentucky and Indiana have their share of wealthy people, from politicians to business leaders and major-league athletes and coaches. Missouri Alabama Washington Indiana The California-Lexington Park metro area also has one of the country's highest concentrations of millionaires. And not all small states lacked millionaires. Amphibians Michigan doesn't have the highest concentration of millionaires in the country, but it is certainly well-stocked with billionaires. Surprising no one, Ohio's richest person continues to be Les Wexner, the self-made billionaire founder of L Brands Inc. His net worth was pegged at … Nevada New York Ohio South Dakota In the Portland metro area - the state's most populous region - costs are 15% above the national average. California Check out the the newest members below to find your perfect match. Fish Pennsylvania Housing costs in Ohio are relatively low, but the state's average property tax bill isn't. The cost of living in the Aloha State is 23.3% higher than the national average. North Dakota Colorado 224 pages. Median income is 10% below the national level, but then, home prices are almost 36% cheaper. Indiana Minnesota Alaska Iowa Alaska State temperatures Alaska Median income for all households: $47,062. Median income for all households: $59,955. Ohio is home to six billionaires, according to Forbes' 33rd annual ranking of the world's billionaires released Tuesday. It added a new top income tax rate of 9.85% in 2013. Washington Texas Kansas fell four spots in the Phoenix Wealth and Affluent Monitor millionaire rankings this year. Iowa Note: Data is from the 2010 United States Census Data and the 2006-2010 American Community Survey 5-Year Estimates. Although living costs are low, Indiana isn't a great state for taxes, whether you're working or retired. Dances New Jersey Illinois Mississippi Texas In an extreme example, Tupelo is one of the 10 cheapest cities in the U.S. Mississippians also enjoy some of the lowest property taxes in the nation, and its income tax levy, already fairly low, continues to shrink. While only 5 percent of Ohioans can claim to be millionaires, nearly 56 percent of the state’s congressional delegation can, with more than $1 million in … Maine February 8, 2017 Millionaires Row craig. Arizona He's reportedly worth $12.6 billion. District of Columbia. New Mexico Utah is the first of our states to cross the 7% plateau for concentration of millionaire households. The Beehive State runs a flat tax system. Tennessee Indiana Presumably a lot of the Maryland millionaires are people who work in Washington D.C., and many of the New Jersey and Connecticut millionaires work in New York City. North Carolina Colors But paradise doesn't come cheap. North Dakota Massachusetts North Carolina Overall, it's 8.1% cheaper to live in Wisconsin than the country as a whole. Helpfully, South Dakota ranks second in the U.S. for fiscal soundness, according to a recent report from George Mason University's Mercatus Center. Median income for all households: $74,346. The cost of living in Indiana overall is 10.7% below the national average. Median income for all households: $54,478. More broadly, median home prices are higher than the national level, while median income is below the national level. California Median income for all households: $49,861. Capital study In Rhode Island, residents pay an average $1,723 in taxes per $100,000 of assessed home value. For a $400,000 home, the state-wide average tax in Nebraska comes to $7,421 per year. Virginia's high concentration of millionaires is largely driven by Washington, D.C., and its close-in suburbs such as Arlington and McLean. Hawaii Property taxes are low in the Natural State, but sales taxes are tied with Tennessee for highest in the country. Delaware Euclid Avenue was Millionaire’s Row, with some 250 mansions extending a 4-mile stretch. All rights reserved.No copyright is claimed on non-original or licensed material. Washington Today only a few still stand. As a no-income-tax haven, Nevada is one of Kiplinger's most tax-friendly states. Nevada Sales taxes lean high, and in some areas, groceries are taxed as well. Hawaii West Virginia Expenses in the Granite State run 6% above the U.S. average. Rhode Island North Carolina Minnesota The 9.9% rate is applied to taxable income over $125,000 ($250,000 for married couples filing jointly), and the lowest bracket is already 5%. Illinois Vermont For those looking to attain millionaire status in Kentucky, the folks with the highest salaries are surgeons, anesthesiologists and obstetricians.

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