This statistic presents the American states with highest ratio of millionaire households per capita in 2020. In that year, New Jersey had the highest ratio of millionaire households per capita in the country, with 9.76 percent of households holding over one million U.S. dollars in assets.

In 2020, the San Jose-Sunnyvale-Santa Clara metropolitan area in California had the highest share of millionaire households of any U.S. metropolitan area, with **** percent of all households having at least *** million U.S. dollars in investible assets.

This statistic presents the American states with lowest ratio of millionaire households per capita in 2019. In 2019, Mississippi had the lowest ratio of millionaire households per capita in the country, with only 4.18 percent of households holding over one million U.S. dollars in assets.

Iceland was the country with the highest rate of millionaires worldwide in 2022, with more than ***percent of the adult population owning assets worth more than one million U.S. dollars. Luxembourg followed behind with ** percent of the population being millionaires, with Switzerland in third.

A dataset listing the 20 richest cities in Minnesota for 2024, including information on rank, city, county, population, average income, and median income.

A dataset listing the 20 richest cities in Oklahoma for 2024, including information on rank, city, county, population, average income, and median income.

A dataset listing the 20 richest cities in Connecticut for 2024, including information on rank, city, county, population, average income, and median income.

A dataset listing the 20 richest cities in Idaho for 2024, including information on rank, city, county, population, average income, and median income.

A dataset listing the 20 richest cities in Ohio for 2024, including information on rank, city, county, population, average income, and median income.

A multi-millionaire is defined as someone owning ** million U.S. dollars or more. It was forecasted that there would be almost ** thousand individuals in Australia defined as multi-millionaires by 2026. This is in line with the country’s growing economy over the years as well as the growing wealth inequality that was becoming a cause for concern in the island nation.

Distribution of the wealthy

As a rich country with plenty of natural resources and a high Human Development Index, Australia had always had a large number of high net-worth individuals or HNWIs. There were over *** thousand millionaires including a couple dozen of billionaires, with these figures expected to grow significantly over the next few years.

Income inequality

Despite the increase of wealth and economic growth, there was a concern at the level of poverty and homelessness due to the rising wealth inequality nationally. The number of homeless people living in Australia had only been increasing with more than a hundred thousand people currently without shelter. Furthermore, most of the wealth was being pushed from the country to the cities, affecting the livelihood of those living in the countryside or outback.