Phoenix Marketing identifies places where the very wealthy are congregated. Hawaii had a higher percentage of millionaires per total population than any of other state in the U.S. last year, according to data compiled by Phoenix Marketing International.

Absolute

With 6.79% of its total households inhabited by people with at least $1 million in investable assets, Hawaii retained its position on the list for the second straight year. Second-place New Jersey held its spot from 2005 as well. Maryland took the bronze, beating out 2005's third-spotter Connecticut, now in fourth position. Massachusetts retained its fifth-place position, while Delaware, Virginia, California, the District of Columbia, and Florida rounded out the top 10.

The states showing the biggest populations of millionaires in absolute terms were California with 663,394 such households, Florida with 369,912, New York with 368,388, Texas with 350,727 and Illinois with 243,350.

In all there were 5,385,315 U.S. households with at least $1 million in investable assets.

Rhinebeck, N.Y.-based Phoenix Marketing says it conducts the largest syndicated study of the U.S. affluent market.

"Our clients are constantly looking for information that they can use to get an edge on their competition," says David Thompson, head of Phoenix Marketing's affluent practice. "Their goal is to [employ resources that help them] reach their target market in the most efficient way and our research helps them do just that." -FWR

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