This is a list of U.S. states and federal district by the number of households with more than $1 million in investable assets as of 2020 (data for the year 2019).
List.
| Rank | 26 |
|---|---|
| State | Alabama |
| Number of millionaire households | 94,259 |
| Share of millionaire households | 4.87% |
Contents
What percentage of people in Alabama are millionaires?
Alabama
Alabama is another state where you don’t need a million bucks to live well. Although only 4.9% of its 1.9 million households hit the millionaire threshold, some of the cheapest home prices in the country help spread the wealth.
How many billionaires live in Alabama?
Table
| Rank by Number of Billionaires (9/15/20) | State or Federal District | Billionaires/ State’s 10M pop. (7/19 Census) (9/15/20) |
|---|---|---|
| 45 | Alabama | 0.00 |
| 45 | Delaware | 0.00 |
| 52 | * Unknown State(s) | —- |
| 53 | Total United States | 19.56 |
Who is richest man in Alabama?
1. James Stephens. James Stephens is the richest person in Alabama who is a businessman as well as philanthropist.
What is the wealthiest city in Alabama?
Mountain Brook
If you want to kick it with Alabama’s wealthiest, there’s only one place to head – Mountain Brook. In terms of median income, Mountain Brook wipes the floor with the competition, with the average household sitting pretty on the mammoth income of $152,355.
What percentile is 6 million worth?
Other points to note are that the 90th percentile (top decile) for household assets is approximately $1.3 million; the 99th percentile (top percentile) is approximately $6.5 million; and the 99.9 percentile (the top one-tenth of one percent) is $27.8 million.
Which state has more millionaires?
American states with highest ratio of millionaire households per capita in 2020
| Characteristic | Ratio of millionaire households per capita |
|---|---|
| California | 8.51% |
| New Hampshire | 8.47% |
| Virginia | 8.31% |
| Alaska | 8.18% |
What is the wealthiest county in Alabama?
Shelby
Alabama counties ranked by per capita income
| Rank | County | Per capita income |
|---|---|---|
| 1 | Shelby | $33,978 |
| 2 | Madison | $29,918 |
| United States | $27,334 | |
| 3 | Jefferson | $26,529 |
What is upper class in Alabama?
Alabama’s wealth threshold is $88,984. The state is tied with Arkansas for the fourth-lowest cost of living of all states and it’s also one of the places where you can get a larger home for less than $300,000 – the median price of a top-tier home in Alabama is $246,400.
Does Alabama have any billionaires?
Lumber magnate Jimmy Rane, who advertises his company Great Southern Wood Preserving by posing as his alter ego Yella Fella, recently took over as Alabama’s wealthiest person.
Who is the richest woman in Alabama?
Marguerite Harbert
| Marguerite Harbert | |
|---|---|
| Education | Mountain Brook Elementary School Phillips High School |
| Alma mater | Birmingham–Southern College |
| Occupation | Philanthropist |
| Spouse(s) | John M. Harbert |
What is the best city in Alabama to live in?
Best Cities to Live in Alabama
| Rank | City |
|---|---|
| 1 | Madison |
| 2 | Fairhope |
| 3 | Troy |
| 4 | Daphne |
Is Alabama a good state to live in?
Alabama is a state of friendly people and closely-knit rural communities.You will pay lower taxes in Alabama than in most other states. The crime rate is low and the state is a great place to raise a family. The pace of life in Alabama is slow except in a few cities.
What is the poorest city in Alabama?
With a median household income of $9,286 (compared to $44,758 for the state), Oak Hill is the poorest community in Alabama.
Who are the wealthiest families in Alabama?
To satisfy your curiosity about who they are, here are the 20 richest people in Alabama for 2019.
- John O’ Neil – $2 million.
- James W Rane – $900 Million.
- Raymond, John, and Marguerite Harbert ($6.6 billion divided and total split yet unknown).
- James Stephens, Elton Stephens, Jane Comer, Dell S Brooke – $4 billion.
Is Alabama a rich or poor state?
The poorest U.S. states can be determined by looking at poverty rates and median household incomes. In 2019, the U.S. poverty rate was 12.3%.
Poorest States 2021.
| State | Mean Household Income |
|---|---|
| West Virginia | $63,680 |
| Arkansas | $66,557 |
| New Mexico | $69,077 |
| Alabama | $69,842 |
What is a good net worth by age?
The average net worth for U.S. families is $748,800. The median — a more representative measure — is $121,700.
Average net worth by age.
| Age of head of family | Median net worth | Average net worth |
|---|---|---|
| 35-44 | $91,300 | $436,200 |
| 45-54 | $168,600 | $833,200 |
| 55-64 | $212,500 | $1,175,900 |
| 65-74 | $266,400 | $1,217,700 |
What is considered wealthy by age?
The average net worth by age for Americans is $76,340 for those under age 35, $437,770 for those ages 35 to 44, $833,790 for those ages 45 to 54, $1,176,520 for those ages 55 to 64, $1,215,920 for those ages 65 to 74 and $958,450 for those age 75 and above.
Can I retire with a net worth of 3 million?
Most folks would agree retiring early brings a lot of perks.Retire fully at age 60, and you could be sitting on a $2 million nest egg. Keep working—and investing—for another five years, and you could retire with more than $3 million at age 65!
What percentage of Americans have a net worth of over $1000000?
A new survey has found that there are 13.61 million households that have a net worth of $1 million or more, not including the value of their primary residence. That’s more than 10% of households in the US. So the US is definitely the country with the most millionaires.
What state has the most millionaires 2021?
These are the states with the most billionaire residents; net worths are as of March 5, 2021.
- #1 | California. 189 BILLIONAIRES. COMBINED NET WORTH: $1.04 TRILLION.
- #2 | New York. 126 BILLIONAIRES. COMBINED NET WORTH: $672.7 BILLION.
- #3 | Florida. 70 BILLIONAIRES.
- #4 | Texas. 64 BILLIONAIRES.
- #7 | Washington. 21 BILLIONAIRES.
