Oregon Ranks 25th in U.S. for Most Millionaires Per Capita, Says Study
Sunday, February 11, 2018
GoLocalPDX Business Team
Oregon ranks 25th in the U.S. for most millionaires per capita, according to a recent study done by Phoenix Marketing International.
According to the study, there are 1,639,493 total households in Oregon, with 5.45% of them being millionaires.
Oregon ranks behind Texas and Iowa, who rank 23rd and 24th respectively.
Oregon ranks ahead of Nebraska and Kansas, who rank 26th and 27th respectively.
Maryland has the most millionaires per capita, while Mississippi has the fewest millionaires per capita. SEE STATE-BY-STATE BELOW
The sizing estimates are developed using a combination of sources including the Survey of Consumer Finance, as well as Nielson-Claritas.
The Survey of Consumer Finance provides the framework and allows Phoenix Marketing International to determine the general distribution of households by their level of investable assets.
Estimates are further refined using the age and income distributions provided by Claritas. Together, these inputs enabled them to estimate the number of households by investable assets at a national level.
Formulas are then created by applying national estimates to closely linked variables developed by the Census This allowed them to obtain estimates at smaller units of geography.