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January 21, 2014

New Jersey, for all its fiscal problems, has quite a few millionaires. Indeed, it ranks second in the country, with 7.49 percent of its households with “investable assets” of more than $1 million, according to Phoenix Marketing International, which releases the study each year.

Last year, New Jersey ranked third, as it had since 2007, when it was ranked first.

In 2013, Maryland actually ranked first in the country when it came to per capita millionaires. Connecticut was ranked number three, followed by Hawaii and Alaska.

When it comes to sheer number of millionaires, New Jersey still performs pretty well. Only California (777,624), Texas (456,949), New York (429,153), Florida (348,623), Illinois (270,414), and Pennsylvania (265,350) beat the number of New Jersey households that have more than $1 million in investable assets. New Jersey has 242,647 households that meet that criteria.

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