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Daily Real Estate News | April 12, 2007
Where Millionaires Live: Hawaii Tops List
One out of every five U.S. households, or approximately 21.7 million households, are considered affluent, according to an annual survey by Phoenix Affluent Marketing Service.
The survey divides the affluent into four categories, based on liquid assets — not real estate:
- Emerging Affluent: 2.7 percent with an income between $150,000 and less than $250,000 in investable assets.
- Mid-Tier Affluent: 13.7 percent with $250,000 to $999,000 in investable assets; millionaires.
- Millionaires: 4.6 percent with $1 million to $4.999 million in investable assets.
- Penta-millionaires: 0.755 percent with more than $5 million.
The survey also found that some states have more affluent residents than others. States with the highest percentage of millionaires in 2006 are:
- Hawaii – 6.79 percent
- New Jersey – 6.46 percent
- Maryland – 6.21 percent
- Connecticut – 6.20 percent
- Massachusetts – 5.64 percent
- Delaware – 5.48 percent
- Virginia – 5.45 percent
- California – 5.40 percent
- District of Columbia – 5.33 percent
- Florida – 5.19 percent
— REALTORŪ Magazine Online
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