What state is the easiest to become a millionaire?

The easiest state to become a millionaire often points to Texas, due to its lack of state income tax, relatively affordable housing, and strong job growth, especially in tech hubs like Austin, though higher property taxes exist; other strong contenders for wealth building include Florida (no income tax) and states with high savings potential like Wyoming, South Dakota, and Illinois because of favorable income-to-cost-of-living ratios.


What is the easiest state to become a millionaire in?

Key findings included that of all 50 states, Texas was the easiest state to build wealth in, with 0% personal income tax and an overall score of 8.23 out of 10. Alternatively, Montana, West Virginia and Idaho were among the hardest states to accumulate wealth.

What job pays you $1,000,000 a year?

Healthcare, especially highly specialized medicine, enables seven-figure incomes, with top neurosurgeons and cardiac surgeons often exceeding $1 million in private practice. This is driven by demand for life-saving procedures, per a 2023 physician compensation study.


What is the best state to live in as a millionaire?

The Verdict: Best States for Millionaires in 2025

For those concerned about taxes, Florida and Texas are two of the better choices that still offer many of the lifestyle and economic advantages of California and New York.

What is the easiest state to make money in?

With an adjusted-average income of about $42,000, Illinois grabs the top spot as the best state for making a living. While the state's unemployment rate remains high at 8.9 percent, Illinoisans benefit from reasonably high average wages, low state taxes, and a below-average cost of living.


Where in the world is it easiest to get rich? | Harald Eia | TEDxOslo



What job pays $400,000 a year without a degree?

Jobs that can pay $400K a year without a degree include commercial real estate brokers, successful YouTubers or influencers, self-employed software developers, high-stakes sales roles like enterprise tech sales, and business owners. These roles rely on skill, market demand, and performance rather than formal education.

What state is best to live in financially?

The best state for finances depends on priorities, but North Dakota, Wyoming, and Iowa often rank high for savings due to low living costs, good incomes, and lower taxes, while states like Tennessee, Florida, and Texas offer no state income tax, attracting those focused on tax savings. For fiscal stability, states like Utah and Delaware excel, but affordability and opportunities vary, so consider your job, housing, and lifestyle needs. 

What state are rich people moving to?

So where did all these affluent millennials go? Their top two destinations were Florida and Texas, both of which have no state income tax. "High-earning households have the most to gain when it comes to minimizing income taxes," the SmartAsset study notes.


What is the cheapest but best state to live in?

The best affordable states to live in consistently include Southern and Midwestern options like Mississippi, Alabama, Arkansas, Ohio, Iowa, Kansas, Missouri, Oklahoma, and West Virginia, known for low housing costs, low taxes (sometimes), and lower overall cost of living indexes compared to the national average, though job opportunities and specific amenities vary, with some states offering strong sectors in manufacturing, healthcare, or logistics. 

What career makes the most millionaires?

While entrepreneurs and business owners often become the wealthiest, common professions producing many millionaires (especially self-made) include engineers, accountants, management, lawyers, and teachers, largely due to consistent planning, saving, investing (especially 401(k)s and real estate), and disciplined habits rather than just high salaries, though high-earning doctors and IT professionals also feature prominently. 

What do 90% of millionaires do?

The famed wealthy entrepreneur Andrew Carnegie famously said more than a century ago, “Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined.


What jobs make 7 figures a year?

A Seven Figure job refers to a position where the annual income is between $1,000,000 and $9,999,999. These roles are typically found in high-level executive positions, entrepreneurship, finance, medicine, law, and entertainment.

Is it possible to get rich without a degree?

If you're not keen on climbing the corporate ladder, you can get rich without going to college ─ all it takes is some hard work, determination and leveraging your out-of-the-box mindset. Apple's Steve Jobs, Microsoft's Bill Gates and Facebook's (Meta's) Mark Zuckerberg became highly successful without college degrees.

What state is #1 in quality of life?

There isn't one single answer, as different reports rank states differently, but Vermont is frequently cited as #1 for Quality of Life (CNBC), while Massachusetts often leads overall livability/best state rankings (WalletHub), and Utah ranks high overall for Best States (U.S. News). These rankings vary by the specific metrics used, such as health, safety, environment, education, or economic opportunity. 


What makes 90% of millionaires?

There are so many people who have the knowledge but haven't actually applied the information. This is the power of real estate. Not only has it made 90% of millionaires.

How long does it take 100k to turn into 1 million?

Turning $100k into $1 million typically takes 20 to 30 years with consistent investing in the stock market (around 10% average annual returns), but the exact time varies significantly with your investment strategy, risk tolerance, and whether you add new money; adding monthly contributions or achieving higher returns (like 10% vs. 7%) drastically shortens the timeline, potentially from 30 years down to 20-23 years or even faster with aggressive growth. 

Which state is worth moving to?

The study found the best states to move to are Utah, New Hampshire, Idaho and Virginia. According to the list, worst states to move to are California, Louisiana, New Mexico and Oregon.


Which states have no state income tax?

As of 2025, there are nine states that don't collect any state income tax: Alaska, Florida, Nevada, South Dakota, New Hampshire, Tennessee, Texas, Washington, and Wyoming.

What is the happiest state to live in?

According to WalletHub's 2025 study, Hawaii is the happiest state in the U.S., ranking first for its strong emotional/physical well-being, work environment, and community/environment factors, with residents showing high life satisfaction, low depression, and long life expectancy, followed by Maryland and Nebraska in the top three. 

What city is full of billionaires?

Billionaire cities are major global urban centers where the wealthiest individuals reside, with New York City consistently leading as the top city with the most billionaires, followed by major financial hubs like London, Hong Kong, Beijing, and Mumbai, according to reports from Forbes and Hurun Research Institute in 2025. These cities attract the super-rich due to strong financial sectors, real estate, corporate presence, and significant wealth concentration, though some Chinese cities have seen recent declines due to economic shifts.
 


What is the top 5 richest state?

The top 5 richest states often depends on the metric (total economy vs. individual wealth), but by total economic output (GDP), it's consistently California, Texas, New York, Florida, and Illinois, while by wealth per person (GDP per capita or median income), states like Massachusetts, New Jersey, Maryland, Washington, and Connecticut rank highest, alongside DC, highlighting strong tech, finance, and high-income sectors.
 

Who owns 90% of America's wealth?

The top 10% own 87.2%, and the bottom half owned 1.1%. Corporate equities and real estate facilitated the accumulation of wealth for baby boomers. In 2024, the Silent Generation and baby boomers represented 25% of the population, but held 65% of all wealth in the US.

Where is the best state to start over in life?

The best state to start over depends on your priorities (jobs, affordability, lifestyle), but top contenders often include Texas, Florida, North Carolina, and Tennessee for balance of growth and cost, while New Hampshire, Utah, and Virginia offer strong economies and opportunities, and Vermont or Wyoming suit those seeking slower, smaller-town living. Consider job markets (like tech in Utah/VA, diverse in TX/FL), cost of living (low in OK/TN), and lifestyle (outdoors in NC/UT/VT) when choosing. 


Which states are struggling financially?

10 States Where Americans Are Struggling the Most to Cover the Basics
  • Mississippi – Score: 90.2 (out of 100)
  • Louisiana – Score: 80.3.
  • West Virginia – Score: 77.8.
  • New Mexico – Score: 74.7.
  • Nevada – Score: 72.7.
  • Oklahoma – Score: 71.3.
  • California – Score: 70.4.
  • Georgia – Score: 70.2.


What state has the friendliest people?

While subjective, studies and surveys consistently rank Minnesota, Tennessee, and South Carolina as some of the friendliest U.S. states, often followed by Texas and Wyoming, with general "Southern hospitality" and Midwest politeness often cited, though perceptions of "niceness" (like Minnesota's reserved style) can vary.