real estate

3 Small Towns That Are Full of Millionaires

Where the rich live to avoid the hustle and bustle of big cities.

Millionaires can afford the high cost of living in places like New York and Los Angeles. Indeed, many millionaires call these big cities home. But some millionaires prefer to avoid the hustle and bustle. Here are three small towns where millionaires make up a surprisingly high percentage of the overall population.

Vineyard Haven, Mass.

Number of Millionaire Households: 589

Total Households: 7,995

Concentration of Millionaires: 7.4% (U.S.: 5.5%)

Median Income for All Households: $64,222 (U.S.: $53,889)

Median Home Value: $660,800 (U.S.: $178,600)

Why Vineyard Haven appeals to the wealthy: It’s on Martha's Vineyard

Gardnerville Ranchos, Nev.

Number of Millionaire Households: 1,445

Total Households: 20,566

Concentration of Millionaires: 7.0% (U.S.: 5.5%)

Median Income for All Households: $58,535 (U.S.: $53,889)

Median Home Value: $272,000 (U.S.: $178,600)

Why Gardnerville Ranchos appeals to the wealthy: Lake Tahoe is nearby

Edwards, Colo.

Number of Millionaire Households: 1,520

Total Households: 19,685

Concentration of Millionaires: 7.7% (U.S.: 5.5%)

Median Income for All Households: $72,214 (U.S.: $53,889)

Median Home Value: $419,400 (U.S.: $178,600)

Why Edwards appeals to the wealthy: World-class resorts of Vail and Beaver Creek

See the full list of small towns with big millionaire populations.

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