You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Millionaires per capita? Massachusetts ranks 6th, down from 5th last year

Massachusetts ranked No. 6 nationally in an annual list of millionaires per capita, by state, with 6.7 percent of nearly 2.6 million households having more than $1 million in liquid wealth.

The Commonwealth fell from a 5th-place ranking in 2012, according to Phoenix Marketing International, the Rhinebeck, N.Y., firm that compiles the list.

Continue reading below

Massachusetts fell below Alaska this year, even as the percentage of millionaires rose here and in other states with the improving stock market and economy. Massachusetts had about 174,200 millionaires, out of 6.1 million across the country, according to Phoenix.

The state with the most millionaires per capita remained Maryland, at 7.7 percent, followed by New Jersey, Connecticut, and Hawaii. California ranked No. 11, followed by New York at 12.

Lowest on the list were Mississippi, Arkansas, and Idaho.

Beth Healy can be reached at
Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of