States with the Most People Earning $1 Million or More

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Just 11 people in the U.S. earned an average of over $1 billion a year, from 2015 to 2018, including Microsoft co-founder Bill Gates, Bloomberg co-founder Michael Bloomberg, and WhatsApp co-founder Jan Koum. But a considerably higher number of people land in the millionaire club.

Stacker examined tax return data from the Internal Revenue Service to see which states had the highest share of people with an adjusted gross income of $1 million or more in 2019, the latest data available. This analysis used individual income tax returns filed between January and December 2020, from all 50 states and the District of Columbia.

Across the nation, more than half a million Americans had an adjusted gross income of $1 million or more. That's about 0.35% of all Americans who filed their income tax. However, the data does not represent the entire population of the U.S., since many people do not need to file an individual income tax return.

Washington D.C. had the highest rate of residents earning $1 million or more in 2019, and West Virginia had the lowest rate. The states with more top earners tend to be on the coasts, which also have a higher cost of living, while states with the lowest rates are in the South. To learn more about where the most million-dollar earners live in the U.S., keep reading.

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Andriy Blokhin // Shutterstock

#51. West Virginia

– Total tax returns filed: 781,130
– Returns with an adjusted gross income of $1M or more: 770
– Rate of $1M+ earners: 9.9 out of 10,000 returns

Kimberly Gazda // Shutterstock

#50. Mississippi

– Total tax returns filed: 1,280,630
– Returns with an adjusted gross income of $1M or more: 1,490
– Rate of $1M+ earners: 11.6 out of 10,000 returns

Roschetzky Photography // Shutterstock

#49. New Mexico

– Total tax returns filed: 962,880
– Returns with an adjusted gross income of $1M or more: 1,360
– Rate of $1M+ earners: 14.1 out of 10,000 returns

Thomas Kelley // Shutterstock

#48. Kentucky

– Total tax returns filed: 1,967,010
– Returns with an adjusted gross income of $1M or more: 3,110
– Rate of $1M+ earners: 15.8 out of 10,000 returns

shuttersv // Shutterstock

#47. Arkansas

– Total tax returns filed: 1,288,700
– Returns with an adjusted gross income of $1M or more: 2,100
– Rate of $1M+ earners: 16.3 out of 10,000 returns

Jaclyn Vernace // Shutterstock

#46. Maine

– Total tax returns filed: 677,780
– Returns with an adjusted gross income of $1M or more: 1,170
– Rate of $1M+ earners: 17.3 out of 10,000 returns

EpicStockMedia // Shutterstock

#45. Hawaii

– Total tax returns filed: 714,760
– Returns with an adjusted gross income of $1M or more: 1,270
– Rate of $1M+ earners: 17.8 out of 10,000 returns

Florida Chuck // Shutterstock

#44. Iowa

– Total tax returns filed: 1,489,460
– Returns with an adjusted gross income of $1M or more: 2,650
– Rate of $1M+ earners: 17.8 out of 10,000 returns

Brad Whitsitt // Shutterstock

#43. Indiana

– Total tax returns filed: 3,216,370
– Returns with an adjusted gross income of $1M or more: 6,020
– Rate of $1M+ earners: 18.7 out of 10,000 returns

Brett Welcher // Shutterstock

#42. Alabama

– Total tax returns filed: 2,130,570
– Returns with an adjusted gross income of $1M or more: 4,140
– Rate of $1M+ earners: 19.4 out of 10,000 returns

Vineyard Perspective // Shutterstock

#41. Oklahoma

– Total tax returns filed: 1,704,060
– Returns with an adjusted gross income of $1M or more: 3,360
– Rate of $1M+ earners: 19.7 out of 10,000 returns

Henryk Sadura // Shutterstock

#40. Ohio

– Total tax returns filed: 5,758,920
– Returns with an adjusted gross income of $1M or more: 11,460
– Rate of $1M+ earners: 19.900 out of 10,000 returns

Don Landwehrle // Shutterstock

#39. Vermont

– Total tax returns filed: 331,630
– Returns with an adjusted gross income of $1M or more: 660
– Rate of $1M+ earners: 19.902 out of 10,000 returns

Allen.G // Shutterstock

#38. Alaska

– Total tax returns filed: 356,570
– Returns with an adjusted gross income of $1M or more: 750
– Rate of $1M+ earners: 21.0 out of 10,000 returns

Wangkun Jia // Shutterstock

#37. Louisiana

– Total tax returns filed: 2,049,570
– Returns with an adjusted gross income of $1M or more: 4,330
– Rate of $1M+ earners: 21.1 out of 10,000 returns

Aspects and Angles // Shutterstock

#36. Nebraska

– Total tax returns filed: 932,190
– Returns with an adjusted gross income of $1M or more: 1,980
– Rate of $1M+ earners: 21.2 out of 10,000 returns

RozenskiP // Shutterstock

#35. Missouri

– Total tax returns filed: 2,871,980
– Returns with an adjusted gross income of $1M or more: 6,160
– Rate of $1M+ earners: 21.4 out of 10,000 returns

Kevin Ruck // Shutterstock

#34. South Carolina

– Total tax returns filed: 2,356,850
– Returns with an adjusted gross income of $1M or more: 5,060
– Rate of $1M+ earners: 21.47 out of 10,000 returns

Zorro Stock Images // Shutterstock

#33. Montana

– Total tax returns filed: 529,800
– Returns with an adjusted gross income of $1M or more: 1,140
– Rate of $1M+ earners: 21.52 out of 10,000 returns

J.A. Dunbar // Shutterstock

#32. Michigan

– Total tax returns filed: 4,850,520
– Returns with an adjusted gross income of $1M or more: 10,710
– Rate of $1M+ earners: 22.1 out of 10,000 returns

Earl D. Walker // Shutterstock

#31. Wisconsin

– Total tax returns filed: 2,913,050
– Returns with an adjusted gross income of $1M or more: 6,600
– Rate of $1M+ earners: 22.7 out of 10,000 returns

Kirk Fisher // Shutterstock

#30. Idaho

– Total tax returns filed: 824,350
– Returns with an adjusted gross income of $1M or more: 1,880
– Rate of $1M+ earners: 22.8 out of 10,000 returns

Khairil Azhar Junos // Shutterstock

#29. Delaware

– Total tax returns filed: 485,490
– Returns with an adjusted gross income of $1M or more: 1,120
– Rate of $1M+ earners: 23.1 out of 10,000 returns

Steven Madow // Shutterstock

#28. Oregon

– Total tax returns filed: 2,043,210
– Returns with an adjusted gross income of $1M or more: 4,730
– Rate of $1M+ earners: 23.1 out of 10,000 returns

Wangkun Jia // Shutterstock

#27. Rhode Island

– Total tax returns filed: 551,270
– Returns with an adjusted gross income of $1M or more: 1,290
– Rate of $1M+ earners: 23.4 out of 10,000 returns

Kit Leong // Shutterstock

#26. Kansas

– Total tax returns filed: 1,367,910
– Returns with an adjusted gross income of $1M or more: 3,300
– Rate of $1M+ earners: 24.1 out of 10,000 returns

Kevin Ruck // Shutterstock

#25. North Carolina

– Total tax returns filed: 4,796,770
– Returns with an adjusted gross income of $1M or more: 12,000
– Rate of $1M+ earners: 25.0 out of 10,000 returns

Canva

#24. South Dakota

– Total tax returns filed: 436,360
– Returns with an adjusted gross income of $1M or more: 1,100
– Rate of $1M+ earners: 25.2 out of 10,000 returns

VideoFlow // Shutterstock

#23. Tennessee

– Total tax returns filed: 3,147,880
– Returns with an adjusted gross income of $1M or more: 7,970
– Rate of $1M+ earners: 25.3 out of 10,000 returns

Allison J. Hahn // Shutterstock

#22. Arizona

– Total tax returns filed: 3,288,740
– Returns with an adjusted gross income of $1M or more: 8,690
– Rate of $1M+ earners: 26.4 out of 10,000 returns

Kirkam // Shutterstock

#21. North Dakota

– Total tax returns filed: 371,950
– Returns with an adjusted gross income of $1M or more: 1,020
– Rate of $1M+ earners: 27.4 out of 10,000 returns

TZIDO SUN // Shutterstock

#20. Pennsylvania

– Total tax returns filed: 6,354,250
– Returns with an adjusted gross income of $1M or more: 17,640
– Rate of $1M+ earners: 27.8 out of 10,000 returns

Linda McKusick // Shutterstock

#19. Minnesota

– Total tax returns filed: 2,843,060
– Returns with an adjusted gross income of $1M or more: 8,240
– Rate of $1M+ earners: 28.98 out of 10,000 returns

Eduard Darchinyan // Shutterstock

#18. Georgia

– Total tax returns filed: 4,753,000
– Returns with an adjusted gross income of $1M or more: 13,790
– Rate of $1M+ earners: 29.01 out of 10,000 returns

Gary Whitton // Shutterstock

#17. Utah

– Total tax returns filed: 1,430,720
– Returns with an adjusted gross income of $1M or more: 4,160
– Rate of $1M+ earners: 29.1 out of 10,000 returns

Karen Wunderman // Shutterstock

#16. New Hampshire

– Total tax returns filed: 723,640
– Returns with an adjusted gross income of $1M or more: 2,230
– Rate of $1M+ earners: 30.8 out of 10,000 returns

tokar // Shutterstock

#15. Maryland

– Total tax returns filed: 3,047,050
– Returns with an adjusted gross income of $1M or more: 9,860
– Rate of $1M+ earners: 32.36 out of 10,000 returns

MarkVanDykePhotography // Shutterstock

#14. Virginia

– Total tax returns filed: 4,063,070
– Returns with an adjusted gross income of $1M or more: 13,170
– Rate of $1M+ earners: 32.41 out of 10,000 returns

f11photo // Shutterstock

#13. Nevada

– Total tax returns filed: 1,540,270
– Returns with an adjusted gross income of $1M or more: 5,320
– Rate of $1M+ earners: 34.5 out of 10,000 returns

amadeustx // Shutterstock

#12. Texas

– Total tax returns filed: 13,334,090
– Returns with an adjusted gross income of $1M or more: 47,940
– Rate of $1M+ earners: 36.0 out of 10,000 returns

Fio Creative // Shutterstock

#11. Illinois

– Total tax returns filed: 6,174,280
– Returns with an adjusted gross income of $1M or more: 22,480
– Rate of $1M+ earners: 36.4 out of 10,000 returns

Kristi Blokhin // Shutterstock

#10. Colorado

– Total tax returns filed: 2,872,240
– Returns with an adjusted gross income of $1M or more: 11,020
– Rate of $1M+ earners: 38.4 out of 10,000 returns

MDV Edwards // Shutterstock

#9. Washington

– Total tax returns filed: 3,757,740
– Returns with an adjusted gross income of $1M or more: 15,890
– Rate of $1M+ earners: 42.3 out of 10,000 returns

Sean Pavone // Shutterstock

#8. Florida

– Total tax returns filed: 10,636,690
– Returns with an adjusted gross income of $1M or more: 46,200
– Rate of $1M+ earners: 43.4 out of 10,000 returns

David Byron Keener // Shutterstock

#7. Wyoming

– Total tax returns filed: 280,640
– Returns with an adjusted gross income of $1M or more: 1,270
– Rate of $1M+ earners: 45.3 out of 10,000 returns

Michael Moloney // Shutterstock

#6. New Jersey

– Total tax returns filed: 4,513,410
– Returns with an adjusted gross income of $1M or more: 22,720
– Rate of $1M+ earners: 50.3 out of 10,000 returns

Sean Pavone // Shutterstock

#5. California

– Total tax returns filed: 18,638,920
– Returns with an adjusted gross income of $1M or more: 94,120
– Rate of $1M+ earners: 50.5 out of 10,000 returns

Youproduction // Shutterstock

#4. New York

– Total tax returns filed: 9,760,870
– Returns with an adjusted gross income of $1M or more: 55,100
– Rate of $1M+ earners: 56.4 out of 10,000 returns

jo Crebbin // Shutterstock

#3. Massachusetts

– Total tax returns filed: 3,486,480
– Returns with an adjusted gross income of $1M or more: 20,970
– Rate of $1M+ earners: 60.1 out of 10,000 returns

James Kirkikis // Shutterstock

#2. Connecticut

– Total tax returns filed: 1,794,020
– Returns with an adjusted gross income of $1M or more: 12,190
– Rate of $1M+ earners: 67.9 out of 10,000 returns