Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. Retirees will be happy to know that Arkansas might not be bristling with millionaires, but it has the lowest living cost in the U.S., at 14.7% less than the national average.

Jim Kennedy, chairman of conglomerate Cox Enterprises, is the state's wealthiest citizen with a net worth of $8.7 billion.The explosion in shale oil drilling has minted many a millionaire in North Dakota over the past decade. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. Overall, it's 8.1% cheaper to live in Wisconsin than the country as a whole.John Menard, Jr., founder of the Menards home improvement chain, is the state's richest resident with a net worth of $18.8 billion.When it comes to lifestyles of the rich and famous in Nebraska, one name immediately comes to mind: Warren Buffett, chairman and CEO of Berkshire Hathaway (But although the Oracle of Omaha is clearly in a league of his own, Nebraska does have 45,129 other households with at least a million bucks in investable assets.Regardless of wealth, Nebraskans can take comfort in a cost of living that's 10.5% lower than the national average, according to the BEA. Most millionaires have to work for the money and don’t get rich once a relative dies, according to “The Millionaire Next Door: The Surprising Secrets of America’s Wealthy” by Thomas J Stanley. has 159 billionaires, thanks to an increasing number of unicorn companies.From 2018 to 2019, 675,000 new millionaires joined the ranks of the ultra-high net worth individuals in the United States alone. Overall, the cost of living in the Yellowhammer State is 13.6% below the national average.Physicians, CEOs and nurse anesthetists are among the state's best-paid jobs.Additionally, Alabama allows folks to deduct their federal income taxes (it's one of just of a handful of states with this break).

Industry Outlook Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. TWEET. Female share of the ultra high net worth population in the United States in 2014 Number of households who are millionaires. Sales taxes lean high, and in some areas, groceries are taxed as well. 1 in 7 white families are now millionaires. Additionally, they have 14% of properties in Mexico, 13% of properties in the Bahamas, 9% of properties in the Caribbean, 12% of properties in England, and 9% of properties in France.The percentage of millionaires in Congress is 48. Content & Information Design Not only does Oklahoma boast a cost of living that's 11.6% below the national average, but its largest city offers remarkably affordable prices for its size.Oklahoma City, a metro area with about 1.4 million people, offers a lot of big-city attractions, from a philharmonic orchestra to the National Softball Hall of Fame and Museum to the NBA's Oklahoma City Thunder. Update Jeff Bezos and Bill Gates both live in Washington, while Warren Buffet resides in Nebraska. KPIs for more than 20,000 online stores The state's cost of living is 3% higher than the national average, according to the BEA. Jordan earned He went on to purchase an NBA team, the Charlotte Hornets, in 2010.

Before learning about your chances of becoming a millionaire, let’s find out roughly how many millionaires there are in America.

liability for the information given being complete or correct. 23.7% of millionaires benefited from a combination of inheritance and self-created wealth. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. Business Plan Export 44%

Unhappily, taxes and expenses in the Ocean State are on the high side too.The cost of living in Rhode Island is a whopping 18.6% higher than the national average, according to C2ER. So you still have a chance to become a part of our statistics.