I came across some interesting data recently.
If you’re thinking of retiring or moving to a smaller area that still has some affluence, maybe a few good restaurants, here are 20 small towns that have a high percentage of millionaires.
Millionaires are only 4 percent of households in the U.S. with an overall median income of $59,039.
Out of these 20 small towns, 18 of them are above the country’s median income. That’s impressive, considering smaller towns typically have lower living costs and the lowest percentage of millionaires. These towns have 7 percent or higher.
Some of these, like Concord, New Hampshire, are close to major cities (Boston).
But look at Los Alamos, New Mexico! About 11.6 percent of that town’s population have millionaire status and the town’s median income sits at a whopping $101,934.
Now we know where millionaires go to live!
DISCLAIMER: This article expresses my own ideas and opinions. Any information I have shared are from sources that I believe to be reliable and accurate. I did not receive any financial compensation for writing this post, nor do I own any shares in any company I’ve mentioned. I encourage any reader to do their own diligent research first before making any investment decisions.
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