Manchin made his fortune as a founder of Enersystems, a coal brokerage firm. APA citation style: Highsmith, C. M., photographer. 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. Those who earn more than $373,894 are rich. For the record, Maine's richest resident is Susan Alfond, according to Forbes. But for more modest incomes, the impact is far milder. A levy on stock dividends and interest income from bonds and other investments is being phased out and will be gone by 2022. They're disproportionately located in the greater New York City area, however, where a million bucks doesn't go that far. 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. Below are the richest people in West Virginia. 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. Estimates of millionaire households provided by Phoenix Marketing International (opens in new tab), a firm that tracks the affluent market. Overall, the cost of living in the Last Frontier is 24.4% higher than the national average. Physicians, CEOs and nurse anesthetists are among the state's best-paid jobs. The small town of Edwards, for example, is bristling with millionaires thanks to nearby world-class ski resorts such as Vail and Beaver Creek. He has been listed as one of the 20 richest senators. In the Portland metro area the state's most populous region costs are 15% above the national average. But last year, at least, the good times continued to roll. List of countries by number of billionaires, "California Leads All States (And All But 2 Countries) With 111 Billionaires", "Gov. She has received numerous awards and accolades for her work, including being named one of the "Top 10 Educators to Watch" by Education Week magazine. And don't forget that between living costs and taxes, a million dollars goes much further in some states than others. Indeed, North Carolina's 3,490 chief executives have an average salary of $206,390, according to the Bureau of Labor Statistics.
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