Arizona Is One Of The Top states With People Earning $1 Million Or More

Arizona has its fair share of millionaires. In fact, more than a half million Americans across the country have an adjusted gross income of $1 million or more.

Stacker ranked each state, determining which states have the most people earning $1 million or more. The website states, "Stacker examined tax return data from the Internal Revenue Service to see which states had the highest share of people with an adjusted gross income of $1 million or more in 2019, the latest data available."

Arizona came in at number 22 on the list. According to the study, the state had 3,288,740 total tax returns filed. Of those returns, 8,690 had an adjusted gross income of $1 million or more. That means that 26.4 out of every 10,000 returned showed a millionaire status.

Here are the top 25 states with the most people earning $1 million or more:

1. Washington, D.C.
2. Connecticut
3. Massachusetts
4. New York
5. California
6. New Jersey
7. Wyoming
8. Florida
9. Washington
10. Colorado
11. Illinois
12. Texas
13. Nevada
14. Virginia
15. Maryland
16. New Hampshire
17. Utah
18. Georgia
19. Minnesota
20. Pennsylvania
21. North Dakota
22. Arizona
23. Tennessee
24. South Dakota
25. North Carolina

Check out the full list on Stacker's website.