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

dailyblitz.de 3 дни назад

Zdjęcie: 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.

Key Takeaways

Nationwide, it takes an income of $787,712 to be in the top 1% of earners.
The median U.S. income is approximately $75,000, with half of Americans earning less.
Earning over $1 million annually is required to join the top 1% in three states. Connecticut leads with the highest threshold at $1.2 million, followed by Massachusetts at $1.11 million, and California at $1.04 million. Meanwhile, in West Virginia, the threshold is almost a third of Connecticut’s at $420,000.

Rank State Income of the top 1%

1	Connecticut	$1,152,254
2	Massachusetts	$1,113,662
3	California	$1,035,673
4	Washington	$989,649
5	New Jersey	$975,645
6	New York	$965,645
7	Colorado	$865,700
8	Florida	$852,206
9	Wyoming	$843,121
10	New Hampshire	$811,098
11	Utah	$784,233
12	Illinois	$783,340
13	Nevada	$777,180
14	Texas	$762,090
15	Virginia	$760,610
16	Maryland	$741,501
17	Minnesota	$730,096
18	South Dakota	$727,168
19	Montana	$715,899
20	Idaho	$703,997
21	Georgia	$700,544
22	Pennsylvania	$696,192
23	Arizona	$688,934
24	North Dakota	$684,124
25	Oregon	$683,170
26	Tennessee	$678,956
27	North Carolina	$665,021
28	Kansas	$651,226
29	Rhode Island	$650,914
30	Nebraska	$629,413
31	Vermont	$623,244
32	Alaska	$620,783
33	Delaware	$618,488
34	South Carolina	$611,219
35	Wisconsin	$610,435
36	Hawaii	$609,846
37	Michigan	$603,834
38	Missouri	$590,001
39	Maine	$588,394
40	Louisiana	$587,399
41	Ohio	$581,161
42	Iowa	$571,730
43	Alabama	$557,334
44	Indiana	$552,877
45	Oklahoma	$540,879
46	Arkansas	$531,692
47	Kentucky	$513,865
48	New Mexico	$476,196
49	Mississippi	$440,744
50	West Virginia	$420,453