L.A. County is nation's Mecca for millionaires.If it seems like there are more luxury cars on the road these days, that's probably not too far from the truth. Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County, the nation's most populous, is home to more millionaires than any other county in the United States--and it's a figure that's growing. A report by TNS TNS transcutaneous neural stimulation. Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. found that L.A. County has 262,800 households with a net worth greater than $1 million in 2005, followed by Chicago's Cook County with 167,873 households and Orange County with 113,300. However, the rate of millionaire households being minted in L.A. County slowed in they rose to 248,000 from 187,000. The 2004 spike was in part due to a double-digit gain in the stock market in 2003 reflected in 2004 net-worth calculations. In 2004 and early 2005, the stock market was relatively flat, accounting for the tapering off in the number of new millionaire households. Also, while L.A. County is tops in the absolute numbers of millionaires, it trails most of the other populous counties in the number of millionaires per capita [Latin, By the heads or polls.] A term used in the Descent and Distribution of the estate of one who dies without a will. It means to share and share alike according to the number of individuals. . L.A.'s share of millionaire households is only 2.6 percent of the county's total population, trailing Orange County's 3.8 percent and San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. County's 3.4 percent. The county with the most millionaire households per capita: Nassau County Nassau County is the name of two counties in the United States of America:
New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , at 5.9 percent. Nationwide, the report found that millionaire households increased for the third straight year, to 8.9 million. TNS attributes the increase primarily to "long term wealth accumulation," not new wealth creation or real estate investments. HOWARD FINE Staff Reporter
Rich Folks
L. A. County leads the nation in millionaires.
Millionaire Population
County Households (millions)
Los Angeles 262,800 9.9
Cook, III. 167,873 5.3
Orange 113,299 3.0
Maricopa, Ariz. 106,210 3.6
San Diego 100,030 2.9
Harris, Texas 95,593 3.7
Nassau, NY 78,816 1.3
Santa Clara 75,371 1.7
Palm Beach, Fla. 69,871 1.3
Middlesex, Mass. 67,552 1.5
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