New Mexico town tops magazine's millionaires list

November 3, 2011 - 12:30 PM

LOS ALAMOS, N.M. (AP) — A northern New Mexico city is No. 1 one among the places "Where Millionaires Live in America."

The November edition of Kiplinger ranks Los Alamos the top millionaire town based on a recent report by Phoenix Marketing International, a company that follows wealthy residents.

According to the report's findings, there are 885 millionaire households among Los Alamos' 18,000 or so residents. That gives the city an 11.7 percent concentration of millionaires.

Los Alamos beat out Naples, Fla., and Bridgeport, Conn., which were ranked two and three respectively.

The report says nearly 130 Los Alamos households had at least $5 million in investable assets.

Los Alamos is home to a government nuclear weapons laboratory and a number of chemists, engineers and physicists. It's about 35 miles northwest of Santa Fe.

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Online:

Kiplinger's "Where Millionaires Live in America," http://bit.ly/svz303