Investment banker. The Golden State is home to the most millionaires in the nation, at more than 1 million households, and claims four of the top 10 metro areas with the highest concentrations of millionaires. Law professors and podiatrists crack the top 10 jobs with the highest average salaries. The Beaver State's cost of living is 1.1% higher than the U.S. average. Tennesseans also tend to keep more of their hard-earned dollars. Florida's new House Bill 991 proposes a laundry list of legal changes that would make it easier for plaintiffs to bring and win defamation cases.It would also weaponize the law to allow the powerful to silence their critics. A total of 12 billionaires live in Atlanta with a combined net worth of $55.1 billion. 33% of U.S. millionaires are women. By Jeff Reeves Published 23 January 23. James T. Stephens. 24 Dividend Cuts and Suspensions Chalked Up to the Coronavirus. For a $400,000 home in the state, the owner can expect to pay about $6,564 each year in property taxes. ATLANTA A new list is out tracking the world's 500 richest people. In the Los Angeles-Long Beach-Anaheim metro, more than 360,000 households have at least $1 million in investable assets. The richest person in Alabama is James T. Stephens with an estimated net worth of $4 billion. Low costs are great, but there's not as much to like when it comes to paying taxes. Of Atlanta residents with a minimum 10-figure net worth, Jim Kennedy is the wealthiest, worth an estimated $8.2 billion. With more than 28,000 millionaire households out of 420,830, Rhode Island has a merely in-line concentration of millionaires. That puts the state's concentration of millionaires not far off from the national percentage of 6.71%, even as the cost of living in the Keystone State is 2.5% lower than the U.S. average. 2021. In total, the team looked at the salary data set for all 5485 jobs in Georgia in order to identify those that get paid the most. The consent submitted will only be used for data processing originating from this website. How does your net worth compare to the fortunes of the wealthiest people in Georgia? However, while the Bay State gets dubbed "Taxachusetts," it's perhaps a little exaggerative. Through his business activities with the Kazakh fintech firm KASPI, Mr. Lomtadze amassed an estimated fortune of $3.8 billion. Fortunately, you don't need to be a millionaire to live well. More than 5% of Missouri's households have at least $1 million in investable assets. The state is 3.5% less expensive than the U.S. as a whole. 16 this year. But if you have taxable income, the rate gets high quickly. His net worth is an astounding $110 billion. 2) Milton, GA. Steven via Flickr. Indeed, Salina and Pittsburg, Kansas, are two of the cheapest small towns in America. David Cheriton, computer scientist and businessman - US$11.1 billion. Market research firm Phoenix Marketing International notes that although the total number of millionaire households rose for the 11th straight year in 2019, the gains were disproportionately seen in states that already had more than their fair share of millionaires. The cost of living is 24.7% higher than the U.S. average, according to C2ER. Feel free to check out some more reading about Georgia: Population: 12,833Rank Last Year: 1 (No Change)Median Income: $110,253Unemployment Rate: 2.3%Poverty Rate: 3.6%More on Braselton: Real Estate|Photos, Population: 5,093Rank Last Year: Median Income: $77,509Unemployment Rate: 0.0%Poverty Rate: 2.8%More on Temple: Real Estate|Photos, Population: 7,615Rank Last Year: 4 (Up 1)Median Income: $94,189Unemployment Rate: 3.0%Poverty Rate: 2.0%More on Tyrone: Real Estate|Photos, Population: 9,194Rank Last Year: 3 (Down 1)Median Income: $83,100Unemployment Rate: 1.0%Poverty Rate: 5.2%More on Flowery Branch: Real Estate|Photos, Population: 51,103Rank Last Year: 5 (No Change)Median Income: $97,868Unemployment Rate: 2.2%Poverty Rate: 6.2%More on Dunwoody: Real Estate|Photos, Population: 82,068Rank Last Year: 6 (No Change)Median Income: $133,948Unemployment Rate: 3.6%Poverty Rate: 3.6%More on Johns Creek: Real Estate|Photos, Population: 7,066Rank Last Year: 9 (Up 2)Median Income: $72,835Unemployment Rate: 2.0%Poverty Rate: 2.8%More on Bremen: Real Estate|Photos, Population: 33,857Rank Last Year: 7 (Down 1)Median Income: $92,648Unemployment Rate: 3.3%Poverty Rate: 5.6%More on Woodstock: Real Estate|Photos, Population: 40,487Rank Last Year: 8 (Down 1)Median Income: $136,020Unemployment Rate: 4.2%Poverty Rate: 4.3%More on Milton: Real Estate|Photos, Population: 37,867Rank Last Year: 2 (Down 8)Median Income: $103,374Unemployment Rate: 3.4%Poverty Rate: 6.8%More on Peachtree City: Real Estate|Photos. Los Alamos, New Mexico best known for the world-famous Los Alamos National Laboratory seems like an unlikely place to find a lot of millionaires. The explosion in shale oil drilling has minted many a millionaire in North Dakota over the past decade. The flip side is, the burden of other state and local taxes in the Evergreen State is heavier. Dan Amos. And home prices are a dream compared to what the average American pays. Were just going to leave this right here: if youre the home to The Masters golf tournament, you better believe you house some crazy rich cities. Facebook's Mark Zuckerberg has given at least $100 million. The average millionaire has a wealth of approximately 821.7% of the median wealth of an American household. From the greater Boston area to the tip of Cape Cod, Massachusetts has more than its fair share of millionaire households. Here are members Forbes list of 2022 billionaires with ties to Georgia: Bernard Marcus, Home Depot, $8.6 billion Jim Kennedy, Cox Enterprises, $7.9 billion Arthur Blank, Home Depot/Atlanta. How could we lose 7,000 millionaires when 2013 was clearly a winner for the stock market? Heck, petroleum engineers are some of the best-paid professionals in the state. For the record, Maine's richest resident is Susan Alfond, according to Forbes. Although the District of Columbia is a magnet for the highly educated seeking high-powered jobs, the downside is that you need a hefty paycheck to live there. Social Security, military, civil-service, and state and local government pensions are exempt from state income taxes. Data on household incomes and home values are from the U.S. Census Bureau. Although Minnesota affords residents a cost of living that's 2.5% below the national average, median home value (and median income) easily top national levels. By the 1850s, Smith was . Besides the obvious: high paying jobs, safe cities and neighborhoods, gold star schools, and high-end amenities, we know that the one percent like to be catered to on a different level. To top it off, the cost of living is 9.4% lower than the U.S. average, while median income is higher than the national level. Heres how retirees can benefit from changes in required minimum distributions (RMDs), qualified longevity annuities and IRA catch-up contributions. Sales taxes lean high, and in some areas, groceries are taxed as well. Here are the top 10 billionaires in Canada, who are at the same time the 10 richest Canadians as of October 2021: David Thomson (and family), media magnate and hereditary peer - US$ 51 billion. The Forbes 400 is the definitive list of the richest Americans, ranking the country's wealthiest billionaires by their net worths. That helps make the cost of living in Ohio cheaper by 11.6%. There's no income tax at all. Published 24 January 23. recession . The cost of living is 3.4% lower than the national average, according to the BEA. Kiplinger is part of Future plc, an international media group and leading digital publisher. The state also is home to nine billionaires. Needless to say, New York's taxes are tough on retirees too. As with Virginia, that's partly thanks to its Washington, D.C., suburbs, but the pull of the nation's capital can't take all the credit. Mikheil Lomtadze is a new addition to the list of the world's wealthiest people. Although N.H. is a relatively tax-friendly state especially for retirees the high concentration of millionaires contributes to relatively high living costs. AI stocks have been bloodied up in recent months, but the technology's relentlessly growing importance should see the sun shine on them again. In no particular order, here are the richest people in Atlanta. Estimates of millionaire households provided by Phoenix Marketing International (opens in new tab), a firm that tracks the affluent market. Social Security benefits are subject to tax by the state, as are retirement account distributions and pension payouts. The top white 1% households have a median net worth of $8.3 . Detailed List Of Highest Paying Jobs In Georgia. Medical specialists, CEOs and dentists are among the top-paid jobs in the state. With a handful of exceptions, the top 10 states for millionaires were in the Northeast and the Beltway region, but Hawaii, California and Alaska also made the list. How many millionaires in Georgia? Phoenix Marketing International said the estimates were further refined with age and income distributions provided by Claritas, a Nielsen-owned company that collects demographic, lifestyle and behavioral data for marketing companies. You can learn more about the top ten below or skip to the end to see the rankings for all 128 places. In a notable downside for retirees of all means: Missouri ranks 39th in the nation for senior health, according to America's Health Rankings (opens in new tab). North Carolina has a lot going for it whether you're a millionaire or not. Note: Data is from the 2015 United States Census Data and the 2006-2010 American Community Survey 5-Year Estimates. Youre going to have to find a high paying job in this city if you want to pull in $102,000/year. Here we list the world's most generous philanthropists (with their donations in dollars as they're mostly American) and the foundations they fund, just in case you want to get in touch. Many residents find themselves in the 6.27% income tax bracket, which kicks in on income above only $22,900 for singles and $30,540 for joint filers (2018 brackets). 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. The Wealth & Affluent Monitor rankings used a combination of data, including information from the Survey of Consumer Finance, which allowed the reports authors to determine the general distribution of households by their level of investable assets. Tiny Vermont has just 16,411 millionaire households, and the Green Mountain State is one of the tougher states when it comes to taxing millionaires. Ray Dalio, founder of hedge fund Bridgewater Associates, tops the state's rich list with a net worth estimated at $18 billion. The Beehive State runs a flat tax system. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. In Georgia, Atlanta is the only city home to any billionaires. Income taxes are on the high end because more than 200 school districts and Appanoose County add their own income taxes on top of the state-level tax. That makes it easier for everyone along the wage scale to put a roof over their heads. Jacqueline Mars, heir to the Mars candy fortune, is the state's wealthiest resident with a net worth of $27.4 billion, per Forbes. Abigail Johnson, CEO and chairwoman of Boston-based Fidelity Investments, is the state's wealthiest resident with a net worth of $14.1 billion. Certified Financial Planner Board of Standards Inc. (CFP Board) owns the certification marks CFP, CERTIFIED FINANCIAL PLANNER, CFP (with plaque design), and CFP (with flame design) in the U.S., which it authorizes use of by individuals who successfully . But there are some locals who made the list. For residents of all means, the Land of Enchantment is somewhat tax-friendly, though it's a mixed bag for retirees. Anesthesiologists, obstetricians and gynecologists are also within the top 10. Idaho taxes all income except Social Security and Railroad Retirement benefits. Manhattan and Brooklyn are the first- and fourth-most expensive places to live in the country at a whopping 145.7% above the U.S. average.