Top States for Becoming a Millionaire: Find Out Pennsylvania’s Ranking

Striving to become a millionaire? Your location could be making it more difficult for you, especially if you live in Pennsylvania. According to a recent ranking from
Casino.org, Pennsylvania is not among the best states to become a millionaire.

How the Rankings Work

This recent millionaire ranking evaluated a range of factors including lifestyle expenses, income averages, and education rates. These factors were combined to give each state and 20 key US cities a total score out of 100.

The Hardships of Becoming a Millionaire in Pennsylvania

The state of Pennsylvania didn’t fare well in this millionaire ranking, scoring just 37. This is significantly lower compared to its neighbours New York and New Jersey, which scored 72 and 68 respectively.

Top Ranking States

The best state to become a millionaire in the US, according to the ranking, is California, taking the top spot with a score of 80. The ranking shows that 17.9% of California’s population are already millionaires. This likely hinges on the fact that the state has more venture capital than most of the rest of America.

The second spot was snagged by New York state, with a score of 72, while Massachusetts came in third, with a score of 71.

States with the Lowest Scores

The states where becoming a millionaire is least probable are Mississippi, scoring a low 2 points, followed by Arkansas and West Virginia.

Best Cities to Become a Millionaire

When it comes to the best US cities to become a millionaire, it’s no surprise that California holds three of the top four spots. San Francisco holds the top spot, followed by San Jose at second place, and Los Angeles at fourth place. The third spot was claimed by Boston.

Cities with the Lowest Scores

The cities where it’s hardest to become a millionaire in the US include El Paso, with a score of 13, and Indianapolis, which scored 21.