Maryland, Land of Millionaires

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A million dollars is a whole lot of money — though there are some Marylanders who may not think so. A full 7.7 percent of this state’s households boast at least $1 million in investible assets, more than any other state in the nation. That’s 169,287 millionaire households in Maryland alone.

There are 6.15 million U.S. households with at least $1 million in assets; along with Maryland, the country’s most millionaire-friendly states are New Jersey, Connecticut, and Hawaii. Presumably because New Jersey and Connecticut are close to New York City, and because Hawaii is paradise.

So what does Maryland’s millionaire glut mean for the state? According to Inc., it makes Maryland a great state for those looking for millionaire customers or investors. Oh, and if any of those millionaire investors happen to be reading this right now and are looking for an enterprising young blogger to throw some money toward, go ahead and shoot me an email. I’ll happily share some of your millions with you.

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