Millionaires can afford the high cost of living in places like New York and Los Angeles. Indeed, many millionaires call these big cities home. But some millionaires prefer to avoid the hustle and bustle. Here are three small towns where millionaires make up a surprisingly high percentage of the overall population.
Vineyard Haven, Mass.
Number of Millionaire Households: 589
Total Households: 7,995
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Concentration of Millionaires: 7.4% (U.S.: 5.5%)
Median Income for All Households: $64,222 (U.S.: $53,889)
Median Home Value: $660,800 (U.S.: $178,600)
Why Vineyard Haven appeals to the wealthy: It’s on Martha's Vineyard
Gardnerville Ranchos, Nev.
Number of Millionaire Households: 1,445
Total Households: 20,566
Concentration of Millionaires: 7.0% (U.S.: 5.5%)
Median Income for All Households: $58,535 (U.S.: $53,889)
Median Home Value: $272,000 (U.S.: $178,600)
Why Gardnerville Ranchos appeals to the wealthy: Lake Tahoe is nearby
Edwards, Colo.
Number of Millionaire Households: 1,520
Total Households: 19,685
Concentration of Millionaires: 7.7% (U.S.: 5.5%)
Median Income for All Households: $72,214 (U.S.: $53,889)
Median Home Value: $419,400 (U.S.: $178,600)
Why Edwards appeals to the wealthy: World-class resorts of Vail and Beaver Creek
See the full list of small towns with big millionaire populations.
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