"Hawaii, Maryland, New Jersey and Connecticut all share some important distinctions: They are small states with large concentrations of highly educated professionals and business owners which are key ingredients to growing wealth," said David Thompson, managing director of the Phoenix Affluent Market.

Massachusetts rounded out the top five at 5.98%. Alaska, Virginia, New Hampshire, California and the District of Columbia completed the top ten. In descending order, the bottom five comprised Mississippi, Arkansas, West Virginia, Kentucky and North Dakota.

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