There's a new study out from Phoenix Marketing International, breaking down the number of millionaires by state, and New Jersey places at a lofty No. 2. Fully 7.86 percent of all the households in our state qualify as millionaire households, with more than $1 million or more in liquid wealth, The total for the state is nearly 250,000.
All told, millionaire households across the nation increased by 6 percent between 2016 and 2017. They now total about 7.2 million households in the U.S.
The only state with a higher percentage of millionaires than New Jersey? Surprisingly, it's Maryland, where 7.87 percent of all households qualify as millionaires.
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