These Are the Small Towns Where Most Millionaires Prefer to Live
It goes without saying that most millionaires in America choose to reside in and around big cities such as New York, Chicago, and Los Angeles. But that does not mean that millionaires mostly prefer to live in big cities only, Let’s check out some of the small towns that drive big wealth. Not just wealth but these towns bost of millionaires.
Well, the surprising thing is that not very many people live in these towns, but some towns boast of as many as 7.2% concentration of millionaires.
Laconia, New Hampshire
Laconia in New Hampshire boasts 1,840 millionaire households. The concentration of millionaires veers towards a percentage of 7.2%. Of course, it helps that Laconia is really pretty as it is just beside a lake.
It is sandwiched between two Lakes, Winnisquam and Lake Winnipesaukee, and together make for a resplendent lake region. From here, you can visit the verdant white Mountain National Forest located 30 miles to the north.
A tax-friendly place just earns it extra brownie points. We can quite understand why the hotshot millionaires are choosing it as the perfect place to reside in.
Hudson, New York
There are about 1810 millionaire households in Hudson in New York. Median household value stands at $63,032 (U.S.: $61,937).
The Hudson, New York, is regarded as a fancy hidey-hole for the millionaires. Of course, the rich and sometimes the famous choose rolling hills, lush lands, and a green landscape to live in. It offers many a fancy restaurant to art galleries a vibrant nightlife. However, what drives the millionaires to this picturesque town is the art and architecture, particularly antiques. It also has a number of amazing historic places where people love to flock to.
Claremont-Lebanon, New Hampshire/Vermont
The town has a millionaire household of 6,675 to a total household of 90,652. The concentration of millionaires is around, 7.3%. It boasts of a
Claremont-Lebanon’s tiny area abuts Laconia where the upscale urban population likes to reside in. It is located just at the fringes of the Connecticut River around Vermont. and closer to Dartmouth College, one of the smallest yet most recognizable Ivy League colleges. Hanover also boasts of a combination of art, culture, and sporting attractions (outdoors) that keeps the town’s residents happy and active. It also has an expansive 20-acre ski area which has three ski trails, a ski lodge, and more. This is one of the rare towns that have a perfectly maintained ski area that is easily accessible to everyone.
Steamboat Springs, Colorado
Although the total households count as 9,552 the millionaire households come down to 818. It is one of the best ski towns in the world. It offers all kinds of fun activities that millionaires or non-millionaires can truly enjoy. Of course, the nearby Yampa River offers a number of water activities such as fishing, tubing, rafting, and/or kayaking. OIf course you can always pander to your golfer instincts and enjoy the 18-hole golf courses. with more and more millionaires choosing Steamboat Springs as the place to reside increasing the property prices. its median income is more than the national income of the USA.
Faribault-Northfield, Minnesota
From the total households that amount to 23,358, the millionaire households reach 1,766. The millionaire concentration in this place turns out to be 7.5%. This millionaire’s favorite place also turns out to be the perfect place to retire. The Cannon river that flows through the town offers many activities such as fishing, kayaking, and canoeing. Fitness enthusiasts have a field day as they can try things like cross-country skiing. If you don’t much like the cold you can try the YMCA Community Center. It helps that it has several health centers and reputable hospitals in the vicinity such as Northfield Hospital & Clinics, and the Mayo Clinic. Although, not essentially a tax-friendly place it has all other benefits that will entice the millionaires to reside in.
Well, millionaires prefer to live in towns that are far from the madding crowd yet offer all the facilities that a city may provide. No wonder more and more people are choosing these pretty laidback towns to spend their money on and use the money effectively. Do you reside in any of the frowns listed here, tell us why you think that these towns are attracting people with deep pockets and creating quite a buzz around them for more reasons than one.
More in Big Bank Accounts
-
`
Branded Content: A Genuine Way to Connect With Your Audience
Have you ever binge-watched a series on Netflix, only to later realize that the beverage everyone’s sipping on is that brand...
April 23, 2024 -
`
What Car Does Jeff Bezos Drive? Find Out Inside His Exclusive $20 Million Collection
Have you ever wondered what car does Jeff Bezos drive? This man’s tastes in vehicles are as expansive as his business...
April 17, 2024 -
`
Redeeming Your Savings Bonds – Here’s What You Need to Know
Today, savings bonds stand out as a steadfast option for many Americans. If you are pondering over the process of U.S....
April 11, 2024 -
`
How to Make Your Savings Last Long in Retirement | 6 Practical Tips
There is no doubt that navigating the golden years of retirement is an exhilarating phase, filled with the promise of leisure,...
April 4, 2024 -
`
Here’s What Homeowners Need to Know About AAA Home Insurance
Homeownership is a dream for many, but with it comes the reality of ensuring your investment is well protected. This is...
March 26, 2024 -
`
“Chicago Fire Season 12″ and Taylor Kinney’s Return | Is It Sabotaging the Severide’s Character?
“Chicago Fire” has always been more than just a show about firefighters. Fairly so, “Chicago Fire Season 12” is a saga...
March 22, 2024 -
`
What As a “Good” Annual Percentage Rate (APR) on Your Personal Loan?
More often than not, personal loans can feel like trekking through a financial jungle. Among the most baffling elements is the...
March 12, 2024 -
`
The 10 Best Investments to Consider in 2024
The past year surprised many with a resilient stock market that defied expectations, even amidst rising interest rates and potential recessionary...
March 8, 2024 -
`
How Pulley Is Reigning Supreme Over the Fintech Industry
Pulley, a cap table management firm based in San Francisco, is making headlines by challenging established players in the fintech industry....
February 27, 2024
You must be logged in to post a comment Login