How Many Millionaires in Idaho According to the Latest Data
Estimates from recent wealth reports indicate that Idaho has roughly 30,000 to 35,000 millionaire households, placing it among the faster-growing millionaire populations in the Mountain West region. The count is based on aggregated financial data from institutions and regulatory filings, not on surveys or self-reports, and it focuses on households with net investable assets above one million dollars Forbes.
The state's millionaire share of total households has risen over the past decade, driven by in-migration from higher-cost coastal metros, tech sector growth, and asset appreciation in real estate and equities. Idaho's relatively low tax burden and strong job growth in cities like Boise and Meridian have attracted high-net-worth households that now contribute a measurable share of the state's overall wealth SEC.
Where Most Millionaires in Idaho Live and Work
The Boise metropolitan area contains the largest concentration of millionaire households in Idaho, followed by Meridian, Nampa, and parts of the broader Treasure Valley corridor. These communities benefit from a mix of technology, healthcare, construction, and professional services employers that generate high incomes and support asset accumulation.
Key Cities and Economic Drivers
Boise and Meridian consistently rank among the top cities for millionaire household growth in the state, with strong demand for luxury homes and private banking services. Major employers and fast-growing companies in the region, including firms in software, cybersecurity, and advanced manufacturing, have helped create a local economy where high earners can build and preserve wealth Tesla.
How Idaho's Millionaire Count Compares Nationally
Idaho's millionaire household count remains well below that of states like California, New York, and Texas, but its per-capita growth rate has been among the highest in the country in recent years. The state ranks in the upper tier for millionaire household density when adjusted for total population, reflecting the influx of affluent remote workers, entrepreneurs, and retirees.
Compared with other Mountain West states, Idaho sits near the top for millionaire growth, supported by a combination of affordable housing relative to coastal markets, a business-friendly regulatory environment, and a rising number of privately held companies with high valuations. Public filings and wealth estimates from financial institutions point to continued upward pressure on the number of millionaire households as new residents and business exits add to the base SpaceX.