Vermont Has ~87,000 Millionaires (2022 Data)

According to Phoenix Marketing International's 2022 Global Wealth Monitor, Vermont had approximately 86,986 millionaire households (defined as investable assets ≥ $1 million, excluding primary residence).

Context

• Vermont population: ~647,000 (2022).
• Millionaire density: ~13.4% of households—top 10 nationally.
• Drivers: Aging population, second-home owners, retirees, inherited wealth, remote workers, low population base.

Comparison

• New Jersey: ~9.7% (but 300k+ total).
• Maryland, Connecticut, Massachusetts: similar density.
• National avg: ~8–9%.

Vermont's millionaire concentration reflects demographics and asset appreciation—not high incomes. Many are "asset-rich, income-modest" retirees.