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1 / 51#51. West Virginia
- Total tax returns filed: 781,130
- Returns with an adjusted gross income of $1M or more: 770
- Rate of $1M+ earners: 9.9 out of 10,000 returns
States with the most people earning $1M or more
The United States' population of millionaires is on the rise. According to the 2025 UBS Global Wealth Report, nearly 2 in 5 millionaires around the world lived in America as of 2024, a roughly 2% increase from the year prior. The report also noted that the number of millionaires in the U.S. grew by more than a thousand millionaires each day in 2024.
Wondering just where all those millionaires live? Stacker examined the Internal Revenue Service tax return data to see which states had the highest share of people with an adjusted gross income of $1 million or more in 2019. This analysis used individual income tax returns filed between January and December 2020, from all 50 states and the District of Columbia.
Across the nation, more than half a million Americans had an adjusted gross income of $1 million or more. That's about 0.35% of all Americans who filed their income tax returns. However, the data does not represent the entire U.S. population since many people do not need to file an individual income tax return.
The states with the highest number of top earners tend to be on the coasts, which also have a higher cost of living, while the states with the lowest rates are in the South. Keep reading to learn more about where the most million-dollar earners live in the U.S.
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2 / 51#50. Mississippi
- Total tax returns filed: 1,280,630
- Returns with an adjusted gross income of $1M or more: 1,490
- Rate of $1M+ earners: 11.6 out of 10,000 returns
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3 / 51#49. New Mexico
- Total tax returns filed: 962,880
- Returns with an adjusted gross income of $1M or more: 1,360
- Rate of $1M+ earners: 14.1 out of 10,000 returns
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4 / 51#48. Kentucky
- Total tax returns filed: 1,967,010
- Returns with an adjusted gross income of $1M or more: 3,110
- Rate of $1M+ earners: 15.8 out of 10,000 returns
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5 / 51#47. Arkansas
- Total tax returns filed: 1,288,700
- Returns with an adjusted gross income of $1M or more: 2,100
- Rate of $1M+ earners: 16.3 out of 10,000 returns
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6 / 51#46. Maine
- Total tax returns filed: 677,780
- Returns with an adjusted gross income of $1M or more: 1,170
- Rate of $1M+ earners: 17.3 out of 10,000 returns
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7 / 51#45. Hawaii
- Total tax returns filed: 714,760
- Returns with an adjusted gross income of $1M or more: 1,270
- Rate of $1M+ earners: 17.8 out of 10,000 returns
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8 / 51#44. Iowa
- Total tax returns filed: 1,489,460
- Returns with an adjusted gross income of $1M or more: 2,650
- Rate of $1M+ earners: 17.8 out of 10,000 returns
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9 / 51#43. Indiana
- Total tax returns filed: 3,216,370
- Returns with an adjusted gross income of $1M or more: 6,020
- Rate of $1M+ earners: 18.7 out of 10,000 returns
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10 / 51#42. Alabama
- Total tax returns filed: 2,130,570
- Returns with an adjusted gross income of $1M or more: 4,140
- Rate of $1M+ earners: 19.4 out of 10,000 returns
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11 / 51#41. Oklahoma
- Total tax returns filed: 1,704,060
- Returns with an adjusted gross income of $1M or more: 3,360
- Rate of $1M+ earners: 19.7 out of 10,000 returns
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12 / 51#40. Ohio
- Total tax returns filed: 5,758,920
- Returns with an adjusted gross income of $1M or more: 11,460
- Rate of $1M+ earners: 19.900 out of 10,000 returns
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13 / 51#39. Vermont
- Total tax returns filed: 331,630
- Returns with an adjusted gross income of $1M or more: 660
- Rate of $1M+ earners: 19.902 out of 10,000 returns
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14 / 51#38. Alaska
- Total tax returns filed: 356,570
- Returns with an adjusted gross income of $1M or more: 750
- Rate of $1M+ earners: 21.0 out of 10,000 returns
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15 / 51#37. Louisiana
- Total tax returns filed: 2,049,570
- Returns with an adjusted gross income of $1M or more: 4,330
- Rate of $1M+ earners: 21.1 out of 10,000 returns
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16 / 51#36. Nebraska
- Total tax returns filed: 932,190
- Returns with an adjusted gross income of $1M or more: 1,980
- Rate of $1M+ earners: 21.2 out of 10,000 returns
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17 / 51#35. Missouri
- Total tax returns filed: 2,871,980
- Returns with an adjusted gross income of $1M or more: 6,160
- Rate of $1M+ earners: 21.4 out of 10,000 returns
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18 / 51#34. South Carolina
- Total tax returns filed: 2,356,850
- Returns with an adjusted gross income of $1M or more: 5,060
- Rate of $1M+ earners: 21.47 out of 10,000 returns
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19 / 51#33. Montana
- Total tax returns filed: 529,800
- Returns with an adjusted gross income of $1M or more: 1,140
- Rate of $1M+ earners: 21.52 out of 10,000 returns
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20 / 51#32. Michigan
- Total tax returns filed: 4,850,520
- Returns with an adjusted gross income of $1M or more: 10,710
- Rate of $1M+ earners: 22.1 out of 10,000 returns
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21 / 51#31. Wisconsin
- Total tax returns filed: 2,913,050
- Returns with an adjusted gross income of $1M or more: 6,600
- Rate of $1M+ earners: 22.7 out of 10,000 returns
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22 / 51#30. Idaho
- Total tax returns filed: 824,350
- Returns with an adjusted gross income of $1M or more: 1,880
- Rate of $1M+ earners: 22.8 out of 10,000 returns
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23 / 51#29. Delaware
- Total tax returns filed: 485,490
- Returns with an adjusted gross income of $1M or more: 1,120
- Rate of $1M+ earners: 23.1 out of 10,000 returns
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24 / 51#28. Oregon
- Total tax returns filed: 2,043,210
- Returns with an adjusted gross income of $1M or more: 4,730
- Rate of $1M+ earners: 23.1 out of 10,000 returns
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25 / 51#27. Rhode Island
- Total tax returns filed: 551,270
- Returns with an adjusted gross income of $1M or more: 1,290
- Rate of $1M+ earners: 23.4 out of 10,000 returns
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26 / 51#26. Kansas
- Total tax returns filed: 1,367,910
- Returns with an adjusted gross income of $1M or more: 3,300
- Rate of $1M+ earners: 24.1 out of 10,000 returns
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27 / 51#25. North Carolina
- Total tax returns filed: 4,796,770
- Returns with an adjusted gross income of $1M or more: 12,000
- Rate of $1M+ earners: 25.0 out of 10,000 returns
Canva
28 / 51#24. South Dakota
- Total tax returns filed: 436,360
- Returns with an adjusted gross income of $1M or more: 1,100
- Rate of $1M+ earners: 25.2 out of 10,000 returns
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29 / 51#23. Tennessee
- Total tax returns filed: 3,147,880
- Returns with an adjusted gross income of $1M or more: 7,970
- Rate of $1M+ earners: 25.3 out of 10,000 returns
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30 / 51#22. Arizona
- Total tax returns filed: 3,288,740
- Returns with an adjusted gross income of $1M or more: 8,690
- Rate of $1M+ earners: 26.4 out of 10,000 returns
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31 / 51#21. North Dakota
- Total tax returns filed: 371,950
- Returns with an adjusted gross income of $1M or more: 1,020
- Rate of $1M+ earners: 27.4 out of 10,000 returns
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32 / 51#20. Pennsylvania
- Total tax returns filed: 6,354,250
- Returns with an adjusted gross income of $1M or more: 17,640
- Rate of $1M+ earners: 27.8 out of 10,000 returns
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33 / 51#19. Minnesota
- Total tax returns filed: 2,843,060
- Returns with an adjusted gross income of $1M or more: 8,240
- Rate of $1M+ earners: 28.98 out of 10,000 returns
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34 / 51#18. Georgia
- Total tax returns filed: 4,753,000
- Returns with an adjusted gross income of $1M or more: 13,790
- Rate of $1M+ earners: 29.01 out of 10,000 returns
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35 / 51#17. Utah
- Total tax returns filed: 1,430,720
- Returns with an adjusted gross income of $1M or more: 4,160
- Rate of $1M+ earners: 29.1 out of 10,000 returns
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36 / 51#16. New Hampshire
- Total tax returns filed: 723,640
- Returns with an adjusted gross income of $1M or more: 2,230
- Rate of $1M+ earners: 30.8 out of 10,000 returns
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37 / 51#15. Maryland
- Total tax returns filed: 3,047,050
- Returns with an adjusted gross income of $1M or more: 9,860
- Rate of $1M+ earners: 32.36 out of 10,000 returns
MarkVanDykePhotography // Shutterstock
38 / 51#14. Virginia
- Total tax returns filed: 4,063,070
- Returns with an adjusted gross income of $1M or more: 13,170
- Rate of $1M+ earners: 32.41 out of 10,000 returns
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39 / 51#13. Nevada
- Total tax returns filed: 1,540,270
- Returns with an adjusted gross income of $1M or more: 5,320
- Rate of $1M+ earners: 34.5 out of 10,000 returns
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40 / 51#12. Texas
- Total tax returns filed: 13,334,090
- Returns with an adjusted gross income of $1M or more: 47,940
- Rate of $1M+ earners: 36.0 out of 10,000 returns
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41 / 51#11. Illinois
- Total tax returns filed: 6,174,280
- Returns with an adjusted gross income of $1M or more: 22,480
- Rate of $1M+ earners: 36.4 out of 10,000 returns
Kristi Blokhin // Shutterstock
42 / 51#10. Colorado
- Total tax returns filed: 2,872,240
- Returns with an adjusted gross income of $1M or more: 11,020
- Rate of $1M+ earners: 38.4 out of 10,000 returns
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43 / 51#9. Washington
- Total tax returns filed: 3,757,740
- Returns with an adjusted gross income of $1M or more: 15,890
- Rate of $1M+ earners: 42.3 out of 10,000 returns
Sean Pavone // Shutterstock
44 / 51#8. Florida
- Total tax returns filed: 10,636,690
- Returns with an adjusted gross income of $1M or more: 46,200
- Rate of $1M+ earners: 43.4 out of 10,000 returns
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45 / 51#7. Wyoming
- Total tax returns filed: 280,640
- Returns with an adjusted gross income of $1M or more: 1,270
- Rate of $1M+ earners: 45.3 out of 10,000 returns
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46 / 51#6. New Jersey
- Total tax returns filed: 4,513,410
- Returns with an adjusted gross income of $1M or more: 22,720
- Rate of $1M+ earners: 50.3 out of 10,000 returns
Sean Pavone // Shutterstock
47 / 51#5. California
- Total tax returns filed: 18,638,920
- Returns with an adjusted gross income of $1M or more: 94,120
- Rate of $1M+ earners: 50.5 out of 10,000 returns
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48 / 51#4. New York
- Total tax returns filed: 9,760,870
- Returns with an adjusted gross income of $1M or more: 55,100
- Rate of $1M+ earners: 56.4 out of 10,000 returns
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49 / 51#3. Massachusetts
- Total tax returns filed: 3,486,480
- Returns with an adjusted gross income of $1M or more: 20,970
- Rate of $1M+ earners: 60.1 out of 10,000 returns
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50 / 51#2. Connecticut
- Total tax returns filed: 1,794,020
- Returns with an adjusted gross income of $1M or more: 12,190
- Rate of $1M+ earners: 67.9 out of 10,000 returns
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51 / 51#1. Washington DC
- Total tax returns filed: 351,550
- Returns with an adjusted gross income of $1M or more: 2,530
- Rate of $1M+ earners: 72.0 out of 10,000 returns
