This is the state with the most rich people in the United States: almost 10% of its population is millionaire

On the east coast of the United States, New Jersey has established itself as the state with the highest proportion of millionaires in the country. According to 2020 data, approximately 9.76% of households in this state have a net worth exceeding one million dollars, placing it above other regions traditionally associated with wealth, such as California, New York, or Florida.

This high level of wealth concentration is due to several factors, including its proximity to key cities like New York and Philadelphia, as well as its diversified economy, ranging from the financial sector to biotechnology and manufacturing.

Some of the most exclusive areas of New Jersey include cities like Short Hills, Alpine, and Rumson, where mansions and luxury properties reflect the high standard of living of its residents. In these places, it is common to find Wall Street executives, entrepreneurs, and celebrities who choose to live in the state due to its expansive spaces, high education standards, and security.

Areas with high concentration of millionaires

Furthermore, Bergen County, in the northern part of the state, is one of the regions with the highest number of millionaire households, driven by its proximity to Manhattan and its attractive balance between suburban life and access to the financial centers of the United States.

One of the main economic engines of the state of New Jersey is its financial sector, with numerous companies and banks headquartered in the state. Additionally, the pharmaceutical and biotechnological industry has turned this region into a hub of innovation, with companies like Johnson & Johnson and Merck leading the sector.

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Another factor that contributes to the state's wealth is its high level of education. New Jersey has some of the best schools and universities in the country, such as Princeton, making the region a magnet for highly qualified professionals.

Despite its high income levels, New Jersey is also known for its high taxes, leading some millionaires to move to other states with tax benefits, such as Florida or Texas. However, its infrastructure, quality of life, and proximity to the most important economic centers in the United States continue to attract a large number of residents with high purchasing power.