The number of Oregonians earning $1 million or more annually has tripled in the past decade, per an analysis by the Oregonian.
Zoom in: Roughly 0.3% of residents — or about 6,490 people — reported making $1 million-plus on their tax returns in 2022, according to the most recent IRS data.
That's a lot more than the 1,800 millionaires Oregon had back in 2010.
Yes, but: Oregon lags behind its West Coast neighbors and the average national share (0.5%) of millionaire residents.
The bottom line: The state's high personal income tax and lack of major corporations based here may be contributing factors.
