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Zero Hedge
ZeroHedge
31 Dec 2024


NextImg:This Is The Income Needed To Join The Top 1% In Every US State

What does it take to join the top 1% of income earners in America?

Well, it depends on where you live. In some states, your annual income needs to crack $1 million to be among the state’s income elite—in others, it takes less than half of that to make the cut.

This graphic, via Visual Capitalist's Bruno Venditti, illustrates the income needed to be in the top 1% of earners in each state.

The data was compiled by SmartAsset as of June 2024.

SmartAsset analyzed 2021 IRS data for individual tax filers.

Figures were adjusted to June 2024 dollars using the Bureau of Labor Statistics’ Consumer Price Index for All Urban Consumers (CPI-U), U.S. city average series for all items, not seasonally adjusted.

RankStateIncome of the top 1%1Connecticut$1,152,2542Massachusetts$1,113,6623California$1,035,6734Washington$989,6495New Jersey$975,6456New York$965,6457Colorado$865,7008Florida$852,2069Wyoming$843,12110New Hampshire$811,09811Utah$784,23312Illinois$783,34013Nevada$777,18014Texas$762,09015Virginia$760,61016Maryland$741,50117Minnesota$730,09618South Dakota$727,16819Montana$715,89920Idaho$703,99721Georgia$700,54422Pennsylvania$696,19223Arizona$688,93424North Dakota$684,12425Oregon$683,17026Tennessee$678,95627North Carolina$665,02128Kansas$651,22629Rhode Island$650,91430Nebraska$629,41331Vermont$623,24432Alaska$620,78333Delaware$618,48834South Carolina$611,21935Wisconsin$610,43536Hawaii$609,84637Michigan$603,83438Missouri$590,00139Maine$588,39440Louisiana$587,39941Ohio$581,16142Iowa$571,73043Alabama$557,33444Indiana$552,87745Oklahoma$540,87946Arkansas$531,69247Kentucky$513,86548New Mexico$476,19649Mississippi$440,74450West Virginia$420,453

On a global basis, the average salary to hit the top 1% is quite a bit lower: an annual salary of about $65,000 does the trick.

If you enjoyed this post, be sure to check out this graphic, which ranks the income a family needs to live comfortably in every U.S. state.