5 Wealthiest States in America

4. Florida

Total number of millionaires in the state: 496,971

Total number of billionaires in the state: 60

A lack of state income tax attracts the wealthy to Texas like a moth to light. In addition, many wealthy retirees make Florida their retirement destination because of warm weather and access to the beach. According to SmartAsset, the wealthy flock to Florida at a rate four times higher than any other state in the country.