Online brokerages and low-fee mobile trading apps have lowered the barriers to entry for those looking to dip a toe in the markets. In fact, a 2020 study from Pew Research found that more than half (52%) of U.S. households are invested in the stock market, including 66% of households earning between $53,000 and $99,999.
Investing has become more popular in some parts of the country than others. To find the places where residents are investing more, SmartAsset analyzed data on investment income (taxable interest, ordinary dividends, qualified dividends and capital gains) from the IRS for 198 metro areas nationwide.
The Miami-Fort Lauderdale-West Palm Beach area ranks fourth-highest in SmartAsset’s analysis. To learn more about the top-ranking metro areas, check out the infographic below.
