Is Your Neighbor Worth Millions in NH, ME, or MA?


The Powerball Lottery is up to a ridiculous amount again, and so are the dreams of anyone buying a ticket.  Some people don’t have to wish for millions or billions, they’re assets already exceed the million dollar mark.

Who are these people and do you live near them?

First let me tell you the tiny state of New Hampshire has more millionaires than any other New England state based on the percentage of households in the state, according to a study done by Phoenix Marketing International for the Wall Street Journal.

Artur/getty images

Artur/getty images

If you’re thinking California or New York have the most millionaires based on population percentages, you would be incorrect.  Neither of those states are in the top 25 because the percentage of millionaires to the general population is lower than other states.

It’s all about the “concentrations” of millionaires in a state, says Kiplinger.com, which also states the number of millionaires has increased over the past 2 years despite Covid-19.

dk_photos/getty images

dk_photos/getty images

New Hampshire has the highest percentage of millionaires in New England with 8.3% of all residents having over a million dollars in ” investable assets” in New England, and ranks #7 in the country, says WSJ.com.

With low income taxes and low sales tax, money goes further in the 603 area code, according to Kiplingers.com.  Concord, and Laconia are hot spots due to the strong tourism in the Lakes Region, as is Hampton Falls.

Summer lake scenic on Lake Winnipesuakee

bobmanley/getty images

Which states were ahead of the Granite State? Washington, Idaho, Nevada, North Dakota, Colorado, and Georgia were ranked 1 through 6 in that order.

Marcio Silva/getty images

Marcio Silva/getty images

Massachusetts landed at #18 with 6.9% of millionaire households.  This number is down form 2016, due to cost of living and taxes.  Martha’s Vineyard and Boston have the most millionaires, but Boston is one of the most expensive city to live in the U.S. with cost of living 22% higher than most American cities. That’s according to c2er.org which rates the cost of living nationally.

amolson7/getty images

amolson7/getty images

Maine did ok, ranking #25 at 6.5% of Mainers having investable assets.  Investable assets, according to Kiplinger.com, with millionaires concentrated in the Portland area.  However, there’s not much of a tax break for the wealthy. Kiplingers.com also says Portland is 15% more expensive above the national average for living expenses.

What does this all mean?  New Hampshire is the most likely place of these three states, to live near a wealthy millionaire, and you may not even know it.

$56M Home Crushes Record for Most Expensive Home for Sale in Nantucket, Massachusetts…Ever

This home has broken records being the highest listed house for sale on Nantucket…ever.