Based on available data, 551 million-dollar-plus earners resided in Lancaster County, Pennsylvania, making it a prominent area for wealth in southcentral PA.
It's important to note that specific millionaire counts for just the city of Lancaster are not typically released; these figures are generally reported at the county level, encompassing the city and surrounding areas. Therefore, the most accurate representation available is for Lancaster County as a whole.
Wealth Concentration in Southcentral Pennsylvania
Lancaster County stands out in southcentral Pennsylvania for its concentration of wealth. It leads the region in the number of individuals reporting income exceeding one million dollars. This highlights its significant economic standing and desirability as a place of residence for high-net-worth individuals.
Regional Comparison of Millionaires
The following table illustrates how Lancaster County compares to other counties in southcentral Pennsylvania regarding the number of million-dollar-plus earners:
| County | Million-Dollar-Plus Earners |
|---|---|
| Lancaster | 551 |
| York | 319 |
| Cumberland | 246 |
| Dauphin | 189 |
| Lebanon | 68 |
| Perry | 10 or fewer |
This data underscores Lancaster County's position as a hub for wealth within its region.
Understanding Millionaire Statistics
The term "million-dollar-plus earners" generally refers to individuals who report an annual income exceeding one million dollars, indicating substantial financial resources. While the broader definition of a "millionaire" often refers to net worth (assets minus liabilities), these income-based statistics provide insight into the prevalence of high-earning individuals in a given area.
