I came across some interesting data recently…

If you’re thinking of retiring or moving to a smaller area that still has some affluence, maybe a few good restaurants, here are 20 small towns that have a high percentage of millionaires.

Millionaires are only 4% of households in the U.S. with an overall median income of $59,039.

https://economyandmarkets.com/wp-content/uploads/2018/05/20-Small-Towns-Millionaires.jpg

Out of these 20 small towns, 18 of them are above the country’s median income. That’s impressive considering smaller towns typically have lower living costs and the lowest percentage of millionaires. These towns have 7% or higher.

Some of these, like Concord, New Hampshire, are close to major cities (Boston).

But look at Los Alamos, New Mexico! 11.6% of that town’s population has millionaire status and the town’s median income sits at a whopping $101,934.

Now we know where millionaires go to live!

Harry

http://economyandmarkets.com

Follow me on Twitter @HarryDentjr

Harry studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of the profession that he turned his back on it. Instead, he threw himself into the burgeoning New Science of Finance, which married economic research and market research and encompassed identifying and studying demographic trends, business cycles, consumers’ purchasing power and many, many other trends that empowered him to forecast economic and market changes.

Copyright © 2018 Harry Dent- All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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