New England Wealth Surge: 2 States in the Top 5 For Millionaire Residents
New England is famous for its delicious seafood, stunning landscapes, charming historic villages, and rich cultural heritage.
It's also home to many of the wealthiest people in the country.
It shouldn't be a surprise, considering how in demand the region is. Its coastal shores and islands are ideal. Its historical architecture is unrivaled. And its proximity to large cities, like Boston and New York, puts the cherry on top of this attractive sundae.
Below is a list of the states (including D.C.) with the highest share of millionaires. The popular site Stacker used IRS data to compile the rankings. The top 5 includes two states from New England. Care to take a guess of which two?
LOOK: States with the most people earning $1 million or more
Gallery Credit: Elisa Fernández-Arias
And it should no surprise that Connecticut and Massachusetts made this list's top 5. Both states have (and/or close proximity to) major cities, beautiful coastlines, and a ton of amenities.
It was mixed results for the remainder of New England. Both Maine and Vermont were well down the list. Not everyone loves those remote winters, I guess. New Hampshire and Rhode Island fared better, but just don't compare to what Connecticut and Massachusetts can offer.
If I were a millionaire, I’m pretty sure I’d choose somewhere much closer to the equator than New England. Although, a vacation home on the Maine coast could count as a second residence, right? Hey, we can always dream!
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