(2015) The Cooper House in Bramwell, known as the "Millionaires' Town in West Virginia's Southern Coalfields," which extended for 40 miles from Bramwell, which, it is said, once housed more millionaires per capita than any other town in America in the late s.United States Bramwell West Virginia, 2015. This is our tenth time ranking the richest cities in West Virginia. The richest places in West Virginia share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples. In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics, demographics, real estate, cost of living indexes and more. The cost of living in the Aloha State is 23.3% higher than the national average. Jim Justice Net Worth Jim Justice II net worth: Jim Justice II is an American billionaire who has a net worth of $1.68 billion dollars which makes him the richest person in West Virginia. UnitedHealth Group (UNH (opens in new tab)), 3M (MMM (opens in new tab)), Target (TGT (opens in new tab)) and General Mills (GIS (opens in new tab)) are just a few of the major firms headquartered there. Sure, median income is below the national level, but the cost of living is 11.2% below the national average. Sales taxes with an average combined rate of 9.16% do take a bite, though. As such, the Mountain State's median real estate taxes are among the lowest in the U.S., according to the Tax Foundation. Here's the states where it'll be possible to see the northern lights Sunday night: There's a chance the auroras could also been seen in Northern California and Texas. Laconia and the state's famed Lakes Region benefits from its popularity as a tourism hub. List. Others made their fortunes closer to home. The cost of living for Illinois is 1.9% below the U.S. average, but taxes can take quite a toll. Indeed, Maine is one of Kiplinger's least tax-friendly states. Among other policies, income tax rates reach 8.75%. The Tax Foundation's average combined state and local sales tax rate for Washington is the fourth-highest in the country, as is its gas tax. Residents pay more for housing and utilities, in particular. Median Household Income: $48,037. Share of millionaire households. Jacqueline Mars, heir to the Mars candy fortune, is the state's wealthiest resident with a net worth of $27.4 billion, per Forbes. Louisiana's 90,000 millionaires, whose income depends on the state's economic staples, are likely to be feeling a pinch. Here's a look at the worst counties in West Virginia according to the data: Mingo County; Mcdowell County; Webster County; For more West Virginia reading, check out: Cheapest Places To Live In West Virginia; Best Places To Retire In West Virginia; Safest Places In West Virginia; Richest Cities In West Virginia; Detailed List Of The Best . 11 Best E-Commerce Stocks for Electrifying Returns. Agriculture, oil, copper and timber all play an important role in the economy, to say nothing of travel and tourism. That makes it easier for everyone along the wage scale to put a roof over their heads. (The highest payment ever was $2,072 in 2015.). Although it has been working to lower its income taxes, Maine's lowest rate still is higher than some other states' maximum rate. Everything is bigger in Texas. The downside is that folks there need higher incomes; everything costs more in Alaska because it's so remote. Jefferson County, where Shepherdstown and Charles Town are, has a per capita income of $29,733. Vienna. North Dakota, the nation's second-largest oil-producing state after Texas, saw its oil output decline 4.6% from January to February, the most recent available data as of this writing. Regardless of wealth, Nebraskans can take comfort in a cost of living that's 10.5% lower than the national average, according to the BEA. And then there are all the folks in the 10-figures club. But be forewarned: Income tax bites hard on higher incomes, with the top rate of 6.5% kicking in on taxable income over $60,000. With its unparalleled collection of universities, hospitals, historical sites, and tech and biotech employers, Boston is a center of wealth, as well as one of the priciest cities in the U.S. On the smaller side of things, Barnstable Town and Vineyard Haven (Martha's Vineyard) have some of the highest concentrations of millionaires in the country. Warren Buffett Stocks Ranked: The Berkshire Hathaway Portfolio. Dan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016. A financial advisor can help you understand the advantages and disadvantages of investment properties. Tiny Easton, Maryland, on the Eastern Shore of Chesapeake Bay, punches well above its weight when it comes to millionaire households, too. An estimated 14.8% of the local population living below the poverty line reside in one of nine area neighborhoods in which 40% of the population or more also live in poverty. Investing in real estate can diversify your portfolio. Editors Note: Data has been updated for 2023. Architectural and engineering managers, CEOs and pharmacists have some of the highest average salaries in the state. While the Hoosier State exempts Social Security benefits and offers limited exemptions for military pensions and federal civil-service pensions, IRAs, 401(k) plans and private pensions are fully taxable. HENRY stands for high earner, not rich yet, and is typically a younger earner who enjoys an income of $100,000 to $250,000 a year. The cost of living is 48% higher than what the average American pays. Even groceries are taxed (albeit at a lower rate). From a resurgent Cleveland to the university city of Columbus to Cincinnati with its touch of the South, Ohio contains multitudes of Midwestern culture. Property taxes are on the high side, and you can only get relief from that if you're a low-income resident. Maryland's real estate taxes are middle of the road, and sales taxes are 6%. In 2021, Americans said they needed $624,000 in net assets to live comfortably, while it would take $1.9 million to be rich. Like we said earlier, when we set out to identify the richest places in West Virginia, we werent sure what wed encounter, but it ended up being some of the best places to live in West Virginia. 50 Top Stock Picks That Billionaires Love. Less sunny is the fact that the North Star State hits hard with income tax. Athletes and sports competitors, surgeons and CEOs are among the state's best-paid residents. Property taxes are in line with the national average, but Florida's gas tax is the 10th-highest state tax on gasoline in the country. The unemployment rate tries to capture the prospects for more people to become rich. Please help update this article to reflect recent events or newly available information. Forbes Magazine has recently published a list of richest person in each state naming Jim Justice II the winner in West Virginia. West Virginia's educational attainment levels are on the low side, with the lowest percentage of adults with a Bachelor's degree or higher, and has the second-lowest life expectancy of 74.8. Largely rural and remote, Vermont is a comparatively expensive state in which to live in other ways, too. Just in case you need a simple salary calculator, that works out to be approximately $24.20 an hour. It almost goes without saying that California is a pricey place to live. Meanwhile, Sheldon Adelson CEO of casino operator Las Vegas Sands (LVS (opens in new tab)) is the state's richest person with a net worth of $35.7 billion, per Forbes. By Karee Venema How did we come up with these mega wealthy cities? And its top tax rate of 6.925% kicks in at a relatively low level. Well-paid jobs in the finance and insurance industries, as well as the presence of major companies like DuPont (DD (opens in new tab)) and AstraZeneca (AZN (opens in new tab)), help fuel an above-average concentration of millionaire households in Delaware. New Hampshire residents also don't pay too much state tax at the pump. Statewide, the cost of living in Kansas is 10% cheaper than the national average, helped by much more affordable housing than what the average American pays. Taxes can be brutal, too. LINK TO NETSTATE . 4. Obstetricians/gynecologists and orthodontists are the best-paid professions in the state. Now theres a new number one. Kapaa, on Hawaii's fourth-largest island of Kauai, and Honolulu have two of the highest concentrations of millionaire households in the U.S. Arkansas might not be bristling with millionaires, but it has the lowest living cost in the U.S., at 14.7% less than the national average. Wisconsin ranks among Kiplinger's least tax-friendly states, thanks to high income and property taxes. State income tax doesn't exist; in fact, the government actually pays residents. Residents can exclude up to $10,000 per person ($20,000 per couple) of other types of retirement income. Helpfully, South Dakota ranks second in the U.S. for fiscal soundness, according to a recent report from George Mason University's Mercatus Center. State. So we looked at this set of criteria from the newly released 2017-2021 American Community Survey: Median household income is the most digestible way to understand how rich a place really is. The bad news is that the top income rate of 6.9% kicks in at just $17,900 of taxable income, and Montana taxes virtually all forms of retirement income, including Social Security. The Great Lakes State is home to 11 billionaires, led by Hank & Doug Meijer, whose supermarket empire gives them a net worth of $10.3 billion, according to Forbes. Unhappily, taxes and expenses in the Ocean State are on the high side too. Property taxes are quite low, but sales taxes take a toll. And thanks to abundant revenue that the state collects from oil and mineral rights, Wyoming millionaires shoulder one of the lowest tax burdens in the U.S. With no income tax, it's No. The average combined rate is 7.63%, according to the Tax Foundation. The state's wealthiest resident is Citadel hedge-fund honcho Ken Griffin. -10-24. John Overdeck, founder of Two Sigma Investments hedge fund, is the wealthiest person in N.J. with a net worth of $6.1 billion, according to Forbes. The average property tax on a $400,000 home in New York is about $7,246, which is the fourth-highest average in the country. There's no income tax at all. Taxes are rough, too. New legislation is packed with tax breaks for homeowners who upgrade to energy-efficient systems and appliances. Charles Town. No wonder that top-paying jobs in the Cowboy State include engineering managers and industrial production managers. Data on household incomes and home values are from the U.S. Census Bureau. The cost of living in Indiana overall is 10.7% below the national average. South Dakota is one of the most tax-friendly states on the whole. The Sooner State doesn't tax Social Security benefits or Civil Service Retirement System benefits. Minnesota is loaded with giant companies. Medical specialists, CEOs and dentists are among the top-paid jobs in the state. SmartAssets free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. Tourism is under pressure from the coronavirus lockdown, while the petroleum industry has been hit by the crash in oil prices. By Karee Venema By Valerie Thomas For residents of all means, the Land of Enchantment is somewhat tax-friendly, though it's a mixed bag for retirees. We aim to deliver bite-sized pieces of infotainment about where you live. Despite a heavy corporate presence, Delaware's cost of living is just 1.8% above the U.S. average. In the early 1880s, word spread quickly of the discovery of . If youre an investor looking to minimize expenses, consider checking out online brokerages. Sadly for its residents, the Buckeye State is among Kiplinger's least tax-friendly states. The First State is a standout among its East Coast neighbors with no sales tax and low property taxes. But the tax situation is far more friendly than many people think. Ms. Mars is heiress to the Mars Candy fortune and is #22 on the world's richest people list according to Forbes magazine. - Net worth: $1.1 billion (#2,384 wealthiest in the world) - Residence: Vienna. To start, Social Security benefits are completely exempt. The flip side is that Tennessee has the highest combined sales-tax rate in the nation, according to the Tax Foundation. We analyzed 27 places in West Virginia to determine where the 1% live. Private equity macher Jonathan Nelson is the top earner in the state with a net worth of $1.8 billion. Rich people not your cup of tea? Larry Ellison, founder of Oracle (ORCL (opens in new tab)), is the state's richest person with a net worth of $66.7 billion. Overall, it's 8.1% cheaper to live in Wisconsin than the country as a whole. 2015-2023 Chasing Chains, LLC. No billionaires live in the tiny state, however. Overall, Michigan is 7.6% cheaper than the national average, led by lower prices for houses and groceries. And the average property tax rate in the Hawkeye State is the 12th-highest in the nation. They help drive an economy that supports more than 167,000 millionaire households. Born in Raleigh County, West Virginia, Jim Justice earned both his bachelor's degree and his MBA from Marshall University. Overall, the cost of living in the Last Frontier is 24.4% higher than the national average. Wyoming's famed Jackson Hole valley, with three major ski resorts and an abundance of other year-round recreational activities, also is a mecca for millionaires. The cost of living in Rhode Island is a whopping 18.6% higher than the national average, according to C2ER. Maine is one of Kiplinger's least tax-friendly states, Nevada is one of Kiplinger's most tax-friendly states, Kiplinger's top 10 most tax-friendly states. Indeed, North Carolina's 3,490 chief executives have an average salary of $206,390, according to the Bureau of Labor Statistics. Florida Agricultural And Mechanical University, Indiana University Purdue University Indianapolis, Massachusetts Institute Of Technology (Mit), Missouri University Of Science And Technology, State University Of New York Health Science Center At Brooklyn, Suny College Of Environmental Science And Forestry, The University Of North Carolina At Charlotte, The University Of Texas Health Science Center At Houston, The University Of Texas Health Science Center At San Antonio, The University Of Texas M. D. Anderson Cancer Center, The University Of Texas Medical Branch At Galveston, The University Of Texas Rio Grande Valley, Uniformed Services University Of The Health Sciences, University At Buffalo Suny School Of Engineering And Applied Sciences, University Of California, Los Angeles (Ucla), University Of Illinois At Urbana Champaign, University Of Maryland Baltimore County (Umbc), University Of Massachusetts Medical School Worcester, University Of Tennessee Health Science Center, University Of Texas Southwestern Medical Center. Farther south, the state capital of Trenton and its metro area that includes tony Princeton has plenty of millionaires, as well. With 107 billionaire residents, worth over $640 billion, The Big Apple is home to more three-comma club members than any other city on the planet. Blame Hawaii's remoteness, making pretty much everything more expensive than it would be on the mainland. What is the leading industry in West Virginia? Sales taxes lean high, and in some areas, groceries are taxed as well. Daniel D'Aneelio is the billionaire businessman who co-founded The Carlyle Group, of which he is the chairman. Taxes in Kansas aren't kind to retirees either. West Virginia. The population ratio is based on 1 Jul 2019 U.S. Census Bureau data. Per Capita Income: $27,346. As befits a place that pumps a lot of oil out of the ground, fuel taxes are low. Ellison is a cloud computing pioneer. And income tax is particularly complicated in Arkansas. The top tax bracket is an eye-popping 11%. Pros' Picks: The 15 Best Nasdaq Stocks You Can Buy. In addition to the prize giveaways, this year's West Virginia Day doubled as a celebration of the State's success in its fight . Median home values also are below the national level. John Menard, Jr., founder of the Menards home improvement chain, is the state's richest resident with a net worth of $18.8 billion. Bonus: Youll slash your utility bills. 8 Dirt-Cheap Index Mutual Funds for Thrifty Investors. 21 Stocks Warren Buffett Is Selling (And 1 He's Buying). That puts the state's concentration of millionaires not far off from the national percentage of 6.71%, even as the cost of living in the Keystone State is 2.5% lower than the U.S. average. Dunbar. Estimated reading time: 6 minutes. In 2014, she was #16 on the Forbe's 400 list of wealthiest Americans. HOME. Income taxes are on the high end because more than 200 school districts and Appanoose County add their own income taxes on top of the state-level tax. The Millionaire Next Door: The Surprising Secrets of America's Wealthy, by Thomas Stanley and William Danko. This is a list of U.S. states and federal district by the number of households with more than $1 million in investable assets as of 2020 (data for the year 2019). And high taxes don't help matters. The South had nine of the lowest median income states with Arkansas ($37,987) and West Virginia ($39,170) closely trailing Mississippi.Americas wealthiest (and poorest) states. Fortunately, for rich and not-so-rich alike, Idaho's overall cost of living is 7.5% below the national average. For 2019, it was 5.4% on income over $8,424. Living costs are based on the Council for Community and Economic Researchs Cost of Living Index and the U.S. Bureau of Economic Analysis. Part of Arizona's appeal to the wealthy and retirees is that, like Florida, it's one of Kiplinger's most tax-friendly states. Tucked away in the coal fields, 14 millionaires or perhaps 19, depending on which account you read lived sumptuously along-side the town's 4,000 citizens. "While the total number of high-net-worth households grew, these increases were largely seen in the wealthiest states, reinforcing the broader ongoing wealth-gap issues the country faces," says Carl Uttaro, VP of financial services research at Phoenix MI. Daniel D'Aniello Net Worth - $3.8 Billion. The Bluegrass State recently moved to a 5% flat tax and opened up more items to its 6% sales tax. The state has no state income tax, so Social Security benefits and other forms of retirement income get a free ride. Oral and maxillofacial surgeons make an average of $280,940. New Jersey's property taxes are the highest in America. Largely rural and remote, expenses in the Pine Tree State run about 10% above the national average, according to the Council for Community and Economic Research (C2ER). To estimate the most accurate annual salary range for Upper Class jobs, ZipRecruiter continuously scans its database of millions of active jobs published locally throughout America. The cost of living is 24.7% higher than the U.S. average, according to C2ER. Given the state's reputation for hoops NBA legend Larry Bird was known as the Hick from French Lick (Indiana) it should come as no surprise that athletes and sports competitors are among the best-paid professions there. That's significant considering that a million bucks sure goes far in some parts of Indiana. Prior to being elected as a senator, Manchin served as the 34th governor of West Virginia from . More happily for everyone, folks who call the Pelican State home enjoy a cost of living that's 10.9% below the national average. . While there are probably few millionaires in the cockpits of commercial airplanes, airline pilots, co-pilots and flight engineers are among the best-paid workers in the state. However, the loss of the federal personal exemption due to the new tax law means that many Utahns, particularly those with multiple dependents, will pay higher state taxes than before. The upside of having fewer millionaires is that it helps keep a lid on living costs, which are 8.9% below the U.S. average. Worth an estimated $1.2 . Significantly cheaper average home prices drive Georgia's affordability. Indeed, Juneau, the state capital, has the third-highest concentration of millionaire households among the country's "micro" areas. Abigail Johnson, CEO and chairwoman of Boston-based Fidelity Investments, is the state's wealthiest resident with a net worth of $14.1 billion. Easing the sting of taxes a bit is a cost-of-living index that's 10.8% lower than the U.S. average. Where is the highest concentration of millionaires? How many millionaires are in America and where do they live? A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. Unfortunately for millionaires and non-millionaires alike, Michigan is not tax-friendly. For a $400,000 home in the state, the owner can expect to pay about $6,564 each year in property taxes. But not all of New Jersey's millionaires are clustered near the Big Apple. Abigail Johnson, Jeff Bezos, Larry Page Fidelity Corporate Affairs, Michael Prince for Forbes, Albin Lohr/Jones/Bloomberg. Switzerland was the country with the highest rate of millionaires worldwide in 2020, with almost 15 percent of the adult population owning assets worth more than one million U.S. dollars. How . She ties with her 2 brothers, but living in The Plains makes her hands-down the wealthiest person in Virginia. Tennessee is known for country music, BBQ and bourbon more than an abundance of millionaires, but the state should get more recognition for its affordability. Low costs are great, but there's not as much to like when it comes to paying taxes. They're disproportionately located in the greater New York City area, however, where a million bucks doesn't go that far. Mississippi consistently ranks as the state with the lowest concentration of millionaire households per capita in the U.S., but don't feel bad for the Magnolia State. Here are nine of the best stocks for rising interest rates. Charleston. West Virginia has a relatively low concentration of millionaires, but the cost of living is 12.2% lower than the national average, according to the BEA. A dollar tends to go father in Big Sky Country, too. That's up from 6.21% in 2018 and just 5.81% in 2017. Turn-of-the-century Bramwell, West Virginia, was a rich little town with more millionaires than any place of its size in America. The population ratio is based on 1 Jul 2019 U.S. Census Bureau data. With a net worth of $64 billion, Larry Ellison is California's richest resident and one of the richest people in the world. If you're a joint filer, you won't hit the top bracket until your income is over $318,000. Most states exempt food and drugs from their sales tax, but that's not the case in Illinois. The small town of Edwards, for example, is bristling with millionaires thanks to nearby world-class ski resorts such as Vail and Beaver Creek. The 11 Best Closed-End Funds (CEFs) for 2020. Another ray of sunshine: Property taxes as a percentage of home value are the lowest in the U.S. Ebay (EBAY (opens in new tab)) founder Pierre Omidyar, with a net worth of $15.3 billion, is the state's wealthiest person. Mississippi: 39,270: 21.5: $34,508: In Rhode Island, residents pay an average $1,723 in taxes per $100,000 of assessed home value. Top-paying jobs include surgeons, computer and information research scientists, nuclear engineers and sales engineers. Heck, the cities of Jonesboro and Conway are among the least expensive places to live in the entire country. Sales taxes are reasonable, too. After all, rich people have really high salaries. Jemima McEvoy. Social Security, military, civil-service, and state and local government pensions are exempt from state income taxes. This is a list of U.S. states and federal district by the number of households with more than $1 million in investable assets as of 2020 (data for the year 2019). West Virginia: 0: 0: 0: 0.00 45 Feel free to check out some more reading about West Virginia: Population: 9,165Rank Last Year: 1 (No Change)Median Income: $87,936Unemployment Rate: 1.5%Poverty Rate: 4.4%More on Bridgeport: Real Estate|Photos, Population: 6,901Rank Last Year: 2 (No Change)Median Income: $65,373Unemployment Rate: 2.7%Poverty Rate: 7.6%More on Hurricane: Real Estate|Photos, Population: 7,500Rank Last Year: 7 (Up 4)Median Income: $46,219Unemployment Rate: 1.6%Poverty Rate: 11.7%More on Dunbar: Real Estate, Population: 10,676Rank Last Year: 3 (Down 1)Median Income: $58,587Unemployment Rate: 6.7%Poverty Rate: 10.5%More on Vienna: Real Estate|Photos, Population: 10,842Rank Last Year: 4 (Down 1)Median Income: $55,189Unemployment Rate: 6.6%Poverty Rate: 15.0%More on St. Albans: Real Estate|Photos, Population: 6,373Rank Last Year: 6 (No Change)Median Income: $79,158Unemployment Rate: 9.1%Poverty Rate: 9.6%More on Charles Town: Real Estate|Photos, Population: 49,055Rank Last Year: 9 (Up 2)Median Income: $54,101Unemployment Rate: 6.3%Poverty Rate: 17.5%More on Charleston: Real Estate|Photos, Population: 13,595Rank Last Year: 5 (Down 3)Median Income: $54,954Unemployment Rate: 6.2%Poverty Rate: 18.3%More on South Charleston: Real Estate|Photos, Population: 5,343Rank Last Year: 14 (Up 5)Median Income: $46,602Unemployment Rate: 6.1%Poverty Rate: 19.5%More on Buckhannon: Real Estate|Photos, Population: 5,208Rank Last Year: 15 (Up 5)Median Income: $48,147Unemployment Rate: 6.6%Poverty Rate: 18.0%More on New Martinsville: Real Estate|Photos. And home prices are a dream compared to what the average American pays. Social Security benefits are subject to tax by the state, as are retirement account distributions and pension payouts. Generally speaking, it's a pricey place to live if you're wealthy. Georgia's tax brackets mean that many taxpayers will find themselves paying the top marginal rate, which kicks in at just $10,000 of taxable income for married couples filing jointly or $7,000 for individual filers. 42. 65 Best Dividend Stocks You Can Count On in 2020. Florida is well-known for its absence of a state income tax, which helps put it into Kiplinger's top 10 most tax-friendly states. To top it off, the cost of living is 9.4% lower than the U.S. average, while median income is higher than the national level. The southwest corner of the state is the base for many hedge funds and prominent public companies. Indeed, the median home value in Tennessee is 23% below the national level. Millionaire households: 87,565. Number of millionaire households. This is the city in every state with the most billionaires. Virginia's high concentration of . Rank: 47 (-8 from last year) Median income for all households: $47,905. The tax on gasoline also is one of the country's lowest. Wealthiest City in West Virginia: Wheeling Wheeling, West Virginia, population 27,062, is situated along the Ohio River in the foothills of the Appalachian Mountains. Property taxes are modest. Although California and New York have a great deal of millionaires in terms of raw numbers, they don't have the highest concentrations of rich households. It should come as no surprise that a tropical paradise would be a magnet for millionaires. 1 on the list of Kiplinger's most tax-friendly swtates. Most central bankers supported a quarter-point rate hike at the most recent Fed meeting, but a few backed a half-point one. North Dakota is one of the nation's tax-friendliest states. Maryland's 23 counties and Baltimore City have income taxes ranging from 1.75% to 3.20% of taxable income on top of the state's take. As for the better-paying occupations, managers in finance, marketing and information systems are in the top 20 for average salary. - Source of wealth: cryptocurrency, self made. Additionally, Alabama allows folks to deduct their federal income taxes (it's one of just of a handful of states with this break). And one of them Glen Taylor, CEO of printing firm Taylor Corp. is the richest of them all, with a net worth of $3.1 billion. And median home prices are more than a third less expensive than the national level. Michael Saylor. The highest concentrations of millionaires are found in the Atlanta and Savannah metro areas. Tiny Vermont has just 16,411 millionaire households, and the Green Mountain State is one of the tougher states when it comes to taxing millionaires. Jim Justice, received $5 million to $10 million. Retirees will be happy to know that the tax on Social Security income is in the process of being phased out over a three-year period. the Mountain State's median real estate taxes are among the lowest in the U.S. the tax on Social Security income is in the process of being phased out, the situation for Kentucky residents is mixed, property taxes that are among the lowest in the country, Montana taxes virtually all forms of retirement income, Kiplinger's most tax-friendly states for retirees. Washington, D.C., has one of the highest concentration of millionaires in the country thanks to its position as the nation's capital. Housing costs in Ohio are relatively low, but the state's average property tax bill isn't. Computer and information systems management is one of the best-paying jobs in the state. 272 pages. New York City and Yonkers impose their own income taxes, and there's a commuter tax for self-employed people working in and around New York City. Property taxes for a $400,000 home in the state would run at an estimated $7,695 per year. The Volunteer State has no broad-based income tax. They are also home to some of the richest people in the Mountain State. As of May 21, 2022, the average annual pay for the Upper Class jobs category in West Virginia is $50,335 a year. The Peace Garden State offers modest sales taxes that favor agriculture, and it has cut income taxes to the point that they barely exist. Adderall shortage affecting millions of Americans Feb. 17, 2023 01:37 The supply problem means people with ADHD who need the drug are forced to turn to different medications or wait several weeks .