The Phoenix Affluent Marketing Service recently released an analysis showing the number of millionaire households as a percentage of all households on a state by state basis. New Jersey had the highest percentage of millionaire household (7.12%). Maryland and Connecticut were second and third, respectively.
Phoenix defines a millionaire household as one with $1 million or more in investable or liquid assets.
Here is the 2007 portion of the list.
| Rank | State | Total Households | $1MM+ | Percentage Millionaire Households |
| 1 | New Jersey | 3,210,592 | 228,442 | 7.12% |
| 2 | Maryland | 2,143,128 | 151,756 | 7.08% |
| 3 | Connecticut | 1,358,170 | 95,028 | 7.00% |
| 4 | Hawaii | 438,893 | 29,365 | 6.69% |
| 5 | Massachusetts | 2,493,707 | 156,208 | 6.26% |
| 6 | Virginia | 2,979,225 | 186,576 | 6.26% |
| 7 | Delaware | 333,263 | 20,274 | 6.08% |
| 8 | Alaska | 240,842 | 14,594 | 6.06% |
| 9 | New Hampshire | 517,725 | 30,918 | 5.97% |
| 10 | California | 12,461,651 | 720,733 | 5.78% |
| 11 | Colorado | 1,841,538 | 105,351 | 5.72% |
| 12 | Minnesota | 2,026,451 | 115,587 | 5.70% |
| 13 | Illinois | 4,760,856 | 269,098 | 5.65% |
| 14 | Michigan | 3,936,519 | 214,069 | 5.44% |
| 15 | Washington | 2,489,441 | 133,812 | 5.38% |
| 16 | Nevada | 952,864 | 51,153 | 5.37% |
| 17 | Rhode Island | 424,216 | 22,550 | 5.32% |
| 18 | Florida | 7,308,878 | 387,886 | 5.31% |
| 19 | New York | 7,235,413 | 381,786 | 5.28% |
| 20 | District of Columbia | 261,792 | 13,776 | 5.26% |
| 21 | Arizona | 2,297,734 | 120,116 | 5.23% |
| 22 | Vermont | 253,582 | 13,163 | 5.19% |
| 23 | Pennsylvania | 4,916,948 | 252,326 | 5.13% |
| 24 | Wisconsin | 2,228,294 | 112,692 | 5.06% |
| 25 | Utah | 801,821 | 39,670 | 4.95% |
| 26 | Georgia | 3,439,800 | 170,160 | 4.95% |
| 27 | Wyoming | 207,248 | 10,160 | 4.90% |
| 28 | Ohio | 4,578,456 | 224,305 | 4.90% |
| 29 | Oregon | 1,456,021 | 71,046 | 4.88% |
| 30 | Kansas | 1,075,666 | 51,580 | 4.80% |
| 31 | Indiana | 2,468,351 | 118,306 | 4.79% |
| 32 | Texas | 8,333,041 | 393,640 | 4.72% |
| 33 | Iowa | 1,191,013 | 56,235 | 4.72% |
| 34 | Nebraska | 697,600 | 32,896 | 4.72% |
| 35 | Missouri | 2,330,315 | 109,256 | 4.69% |
| 36 | Maine | 557,043 | 25,960 | 4.66% |
| 37 | New Mexico | 750,428 | 34,610 | 4.61% |
| 38 | South Carolina | 1,704,376 | 78,285 | 4.59% |
| 39 | North Carolina | 3,496,649 | 160,307 | 4.58% |
| 40 | Alabama | 1,841,006 | 81,994 | 4.45% |
| 41 | Tennessee | 2,415,110 | 107,355 | 4.45% |
| 42 | Idaho | 540,847 | 23,652 | 4.37% |
| 43 | Montana | 382,778 | 16,511 | 4.31% |
| 44 | Louisiana | 1,632,824 | 69,296 | 4.24% |
| 45 | Kentucky | 1,699,590 | 70,720 | 4.16% |
| 46 | Oklahoma | 1,406,412 | 57,789 | 4.11% |
| 47 | South Dakota | 306,176 | 12,563 | 4.10% |
| 48 | North Dakota | 262,501 | 10,763 | 4.10% |
| 49 | West Virginia | 759,937 | 30,374 | 4.00% |
| 50 | Arkansas | 1,112,643 | 43,533 | 3.91% |
| 51 | Mississippi | 1,108,629 | 42,703 | 3.85% |
You can get the list for the last three years here.
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