Hawaii has one of the biggest number of millionaires living in it per capita.
Phoenix Marketing International, a global marketing services firm, released their annual ranking of millionaires per capita by state.
The results from their Global Wealth Monitor, a service that tracks affluent and high net worth households in the U.S., Canada and Europe, shows that Maryland has supplanted Hawaii by a fraction as the state with the greatest number of millionaires per capita.
Phoenix‘s annual market sizing analysis and aggregate wealth rankings shows that approximately 7.22% of Maryland‘s households are millionaires, compared to Hawaii‘s 7.21%. Hawaii had led the Phoenix rankings since 2008.
"A few things are noteworthy from this year’s millionaire rankings," says David Thompson, Managing Director of the Phoenix Global Wealth Monitor. "First, this is the closest it’s ever been between the top two states. Second, all of the top ten states increased their millionaire ratios during the past year, which underscores that the richest states keep getting richer," continues Thompson.
Phoenix computes its data on the size of affluent and high net worth U.S. households on a mid-year to mid-year basis. As of the end of June, 2011, Phoenix estimates that the number of millionaires in the U.S. grew by 6.9% from the previous year, numbering some 5.9 million households.
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