Juneau, Alaska, is home to 1,109 millionaire households.
Juneau, the capital city of Alaska, holds a notable distinction for its concentration of wealth. A recent analysis indicates that there are 1,109 households in Juneau with a net worth of $1 million or more in investable assets. This figure positions Juneau as a leading small city nationwide for its proportion of affluent residents, topping lists for cities with the highest concentration of wealth.
The city's total household count is 12,986, meaning that approximately 8.5% of Juneau's households are millionaires. This high percentage highlights Juneau's unique economic landscape within the United States.
Understanding Millionaire Households in Juneau
When discussing "millionaires" in this context, the term generally refers to millionaire households. A millionaire household is commonly defined as one with $1 million or more in liquid, investable assets, which typically excludes the value of a primary residence and consumable goods.
This significant concentration of wealth in Juneau can be attributed to several factors unique to the region:
- Government Employment: As the state capital, Juneau provides a substantial number of stable, often high-paying, government jobs. These positions contribute to long-term financial security and wealth accumulation for many residents.
- Resource Industries: Key sectors such as mining and fishing play a role in the local economy, creating business opportunities and generating considerable wealth for those involved.
- Tourism: Juneau is a major destination for cruise ships, attracting a large influx of visitors annually. This vibrant tourism industry supports numerous businesses and contributes significantly to the local economy, fostering entrepreneurship and investment.
- Stable Community: Despite the high cost of living, Juneau often retains a stable population of long-term residents who, over time, can accumulate assets and benefit from appreciating real estate and other investments within the community.
Key Statistics: Juneau Millionaire Households
To provide a clearer picture of Juneau's affluent population, here are the key statistics:
| Metric | Value |
|---|---|
| Millionaire Households | 1,109 |
| Total Households in Juneau | 12,986 |
| Percentage of Millionaire Households | ~8.5% |
This remarkable density of wealth has been recognized nationally, placing Juneau at the forefront among small cities for its millionaire population, underscoring the economic prosperity found within this unique Alaskan community. For more details on this analysis, you can refer to the original report.
