North Carolina Nebraska New Jersey

West Virginia The flip side is that Tennessee has the highest combined sales-tax rate in the nation, according to the Tax Foundation. Median incomes and home values aren't too far below national levels.

Missouri Florida Florida The small town of Edwards, for example, is bristling with millionaires thanks to nearby world-class ski resorts such as Vail and Beaver Creek. Rhode Island More than 6.4% of Pennsylvania's 5 million-plus households have investable assets of $1 million or more, excluding the value of real estate, employer-sponsored retirement plans and business partnerships. But if you have taxable income, the rate gets high quickly.

More than 5% of Missouri's households have at least $1 million in investable assets. As with Virginia, that's partly thanks to its Washington, D.C., suburbs, but the pull of the nation's capital can't take all the credit. Texas Needless to say, New York's taxes are tough on retirees too. We’re aware that these uncertain times are limiting many aspects of life as we all practice social and physical distancing. Hawaii Georgia Mississippi Montana Indiana In Part II you will be introduced to seventeen "Wealth Files," which describe exactly how rich people think and act differently than most poor and middle-class people. New Jersey For the second year in a row, New Jersey is the top spot for millionaires per capita in the U.S. Like Connecticut, New Jersey has a high concentration of millionaires largely thanks to its proximity to New York City. As a no-income-tax haven, Nevada is one of Kiplinger's most tax-friendly states. Median income for all households: $64,805.

Some are wealthy commuters who make their livings in the Big Apple. The greater D.C. area is a magnet for the highly educated seeking high-powered jobs. Colorado

State elevations At the other end of the spectrum, Michigan is home to one of the least expensive places to live in the U.S. It should come as no surprise that a tropical paradise would be a magnet for millionaires. Arizona

Arkansas Delaware Pennsylvania Overall, it's 8.1% cheaper to live in Wisconsin than the country as a whole. Kansas Arizona Ernest Garcia II, who made his fortune in used cars and auto loans, tops the list with a net worth of $6.6 billion.

Missouri Louisiana Hawaii Median income for all households: $54,478. The Keystone State has the second-highest state gas tax in the nation and the sixth-highest state and local cellphone wireless service taxes. Median income for all households is below the U.S. level, and yet home prices are well above the national median. Ray Dalio, founder of hedge fund Bridgewater Associates, tops the state's rich list with a net worth estimated at $18 billion. But today's picture is more pedestrian. West Virginia Another ray of sunshine: Property taxes as a percentage of home value are the lowest in the U.S. Ebay (EBAY) founder Pierre Omidyar, with a net worth of $15.3 billion, is the state's wealthiest person. California The report's authors also said that since the financial crisis, the number of millionaires in the United States has increased by more than 2 million. Anita Zucker is a graduate of the University of Florida and received a Masters of Arts from the University of North Florida. North Carolina Maine And yet it remains one of the 20 cheapest large U.S. cities in which to live. John Overdeck, founder of Two Sigma Investments hedge fund, is the wealthiest person in N.J. with a net worth of $6.1 billion, according to Forbes. Oregon New York And the average property tax rate in the Hawkeye State is the 12th-highest in the nation. Maryland New York

That means everyone's paycheck, whether they're a millionaire or not, goes further than it does elsewhere. New Jersey Idaho Vermont

The results are fact checked and confirmed by a team of editors and industry insiders. Unhappily, taxes and expenses in the Ocean State are on the high side too. Alabama Arkansas California

Mississippi The cost of living is 3.4% lower than the national average, according to the BEA. And its top tax rate of 6.925% kicks in at a relatively low level. University spokesman Mark Land did not respond to written requests this week from The Nerve seeking comment.

How many millionaires in south carolina? No wonder Massachusetts has a cost of living 22% higher than the national average, according to C2ER. Arizona Median income for all households: $58,756. (For more news like this, find your local Patch here. Illinois

Median income for all households: $59,246.
Oklahoma Tennessee Relatively low prices for housing and transportation help keep the Palmetto State's cost of living under control.

But not all of New Jersey's millionaires are clustered near the Big Apple. And home prices are a dream compared to what the average American pays. Wiki User Answered .

Retirees will be happy to know that the tax on Social Security income is in the process of being phased out over a three-year period. For 2019, it was 5.4% on income over $8,424. When it comes to paying taxes, the situation for Kentucky residents is mixed.

Nike (NKE) founder Phil Knight is the state's richest person with a net worth of $38.6 billion. Fewer than 1 in 20 households claiming investable assets of $1 million or more.

There's a lot to like about Oklahoma for wealthy retirees. Wyoming, Symbols From the greater Boston area to the tip of Cape Cod, Massachusetts has more than its fair share of millionaire households. The Wealth & Affluent Monitor rankings used a combination of data, including information from the Survey of Consumer Finance, which allowed the report's authors to determine the general distribution of households by their level of investable assets.
Median income for all households: $63,837. And they typically receive perks that citizens often aren’t aware of. The cost of living in Rhode Island is a whopping 18.6% higher than the national average, according to C2ER. Seattle, which is one of America's fastest-growing cities, also is one of the most expensive. The cost of living in the Nutmeg State is 19% greater than the national average. Iowa Missouri Heck, the cities of Jonesboro and Conway are among the least expensive places to live in the entire country. Wyoming, Almanacs NC Millionaires: Where We Rank With The Rest Of The Us - Charlotte, NC - Nationally, there were 534,000 more millionaires in 2018 than in the year prior. Texas Colorado Shipping and agriculture, the state's other major industries, aren't immune to changes in global demand either. Illinois' economic woes are one reason why it makes the list; it's 50th in the latest ranking of states' fiscal health by the Mercatus Center at George Mason University – and residents are paying the price with higher taxes. To start, Social Security benefits are completely exempt.

The state Supreme Court in 1991 ruled that a USC foundation was a public body under the state’s open-records law “due to its activities involving public funds.”, In an email Monday to The Nerve, College of Charleston spokesman Mike Robertson said college president Andrew Hsu receives an annual state salary of $241,782 and a $200,000 yearly “Foundation supplement.” After The Nerve pointed out that Hsu didn’t report the amount of his foundation income on his most-recent SEI, though his immediate predecessor, former state Sen. Glenn McConnell, did so, Robertson in a follow-up reply said, “We are in the process of revising our filing.”. Alaska At least two other university presidents in South Carolina are close to joining – if not already in – the seven-figure club.

Alabama is another state where you don't need a million bucks to live well. Michigan doesn't have the highest concentration of millionaires in the country, but it is certainly well-stocked with billionaires. Arkansas Illinois West Virginia Sure, median income is below the national level, but the cost of living is 11.2% below the national average. Marketing managers and financial managers tend to do well in SD. For residents of all means, the Land of Enchantment is somewhat tax-friendly, though it's a mixed bag for retirees. Delaware Wisconsin | LINK TO NETSTATE None of the college websites reviewed by The Nerve shows a breakdown of all income sources and benefits received by their respective presidents. Maine Among other policies, income tax rates reach 8.75%. Vermont

Nerve stories are free to reprint and repost with permission by and credit to The Nerve. Indiana

The bad news is that the top income rate of 6.9% kicks in at just $17,900 of taxable income, and Montana taxes virtually all forms of retirement income, including Social Security. Wyoming has the smallest population of any state, but it punches above its weight when it comes to millionaires, thanks to abundant natural resources and recreational activities. And as any East Coast traveler can tell you, New Jersey is no longer a place where you can hop off an exit and buy cheap gas.