Juneau is an ideal to spot whales, bald eagles … and apparently millionaires as well.
According to a study by the business forecasting company Kiplinger, Juneau has the highest concentration of millionaires of any small city (with a population between 10,000 and 50,000) in the United States. Defining millionaire as anyone having “investable assets of $1 million or more, excluding the value of real estate, employer-sponsored retirement plans and business partnerships,” Kiplinger found that 8.5 percent of homeowners in Juneau are millionaires.
About 5.5 percent of households in the U.S. qualify as millionaire households, according to the study.
The study states that there are 12,986 households in Juneau and that 1,109 of them are worth more than a million dollars. The median home value is $323,500 and the median income for all households is $85,746, according to the study.
Juneau isn’t the only Alaska community to contain a high concentration of millionaires, as 7.6 percent of households in Anchorage are worth $1 million. Among cities of more than 50,000 people, that ranks Anchorage 10th in the country when it comes to the concentration of millionaires.
