How Many Millionaires Live in Kansas
Kansas has approximately 55,000 millionaire households, according to the latest public wealth reports and state-level financial surveys. This places the state in the middle tier nationally for millionaire household density, below major financial hubs but above many other Midwest states. The total number reflects households with investable assets above one million dollars, excluding primary residence equity in most methodologies. The data is based on surveys and regulatory filings compiled by research firms and financial institutions, with updates typically released annually. For broader context on U.S. millionaire counts, you can check the latest reports from Forbes and related financial research organizations. Forbes analysis on U.S. millionaire household trends
Kansas millionaire households represent roughly 3.5 percent of all households in the state, based on the most recent household estimates and wealth distribution data. This share has remained relatively stable over the past several years, with modest growth driven by business exits, retirement savings, and equity compensation in select industries. The state's cost of living and property values contribute to a lower barrier for building wealth compared with coastal metros, though average incomes remain below the national median in many rural areas. Growth in millionaire counts is concentrated in the Kansas City and Wichita metropolitan regions, where corporate headquarters and professional services clusters are strongest. The SEC's public filings and investor data can provide additional context on high-net-worth individuals and registered investment activity. U.S. Securities and Exchange Commission public filings and investor data
Where Millionaires Concentrate in Kansas
Kansas City Metro Area
The Kansas side of the Kansas City metro area contains the largest share of millionaire households in the state, driven by finance, healthcare, and logistics employers. Suburbs such as Overland Park, Leawood, and Prairie Village rank among the wealthiest communities by household income and asset concentration. Many residents work for major companies or own small businesses that have scaled past the million-dollar net worth threshold. The region benefits from proximity to corporate headquarters, private banking services, and investment firms that serve high-net-worth clients. Forbes data on richest cities and wealth concentration
Wichita and Surrounding Areas
Wichita remains a key hub for millionaire households in Kansas, anchored by aerospace, manufacturing, and energy-sector wealth. Entrepreneurs and business owners who have built or sold companies in aviation and advanced manufacturing contribute significantly to the local millionaire count. The city's lower cost of living relative to peer metros allows business profits and investment returns to stretch further, supporting asset accumulation. Public company filings and executive compensation disclosures highlight the role of Wichita-based firms in creating concentrated wealth. SEC EDGAR filings for Kansas-based public companies
Key Industries Driving Wealth in Kansas
Aviation and Aerospace
Kansas is a leading state for aviation and aerospace employment, with companies such as Spirit AeroSystems and Textron Aviation operating major facilities. High-skill engineering and management roles, combined with profit-sharing and equity compensation, help create millionaire households in Wichita and surrounding counties. The industry's cyclicality means wealth accumulation can accelerate during strong demand cycles for commercial and defense aircraft. Boeing's