How much cash you require to make to be in the leading 1% in every United States state

Being thought about abundant isn’t practically just how much cash you make, it’s where you live, too.

State by state, the earnings the leading 1% of earners in the U.S. generate differ by over a half million dollars, according to a brand-new analysis of 2022 earnings by individual financing site SmartAsset.

To remain in the leading 1% of earners in Connecticut, locals require an adjusted gross earnings of a minimum of $955,261 However, in West Virginia, they just require to make an AGI of $374,712 to be part of the leading 1%.

For contrast, the average earnings for U.S. homes total is under $70,000, with just 10% of homes making more than $200,000, according to SmartAsset.

Coastal states like New York and California tend to have the greatest earners, while leading earners in more rural states like Mississippi and Arkansas earn less. Only 12 states need yearly revenues less than $500,000 to be thought about in the leading 1%.

To determine these numbers, the analysis upgraded 2018 earnings information from the Internal Revenue Service utilizing 2022 Consumer Price Index information to represent inflation.

Below are the earnings required to be part of both the leading 1% and leading 5% of earners in each state. States are noted in coming down order, beginning with the state with the greatest earnings limit for the leading 1%.

• Top 1% earnings limit: $955,261
• Top 5% earnings limit: $336,866

• Top 1% earnings limit: $896,932
• Top 5% earnings limit: $349,737

• Top 1% earnings limit: $825,965
• Top 5% earnings limit: $338,884

• Top 1% earnings limit: $817,796
• Top 5% earnings limit: $287,752

• Top 1% earnings limit: $805,519
• Top 5% earnings limit: $317,791

• Top 1% earnings limit: $736,084
• Top 5% earnings limit: $312,907

• Top 1% earnings limit: $682,897
• Top 5% earnings limit: $288,694

• Top 1% earnings limit: $678,816
• Top 5% earnings limit: $243,617

• Top 1% earnings limit: $666,202
• Top 5% earnings limit: $271,049

• Top 1% earnings limit: $641,449
• Top 5% earnings limit: $258,369

• Top 1% earnings limit: $635,705
• Top 5% earnings limit: $294,495

• Top 1% earnings limit: $635,458
• Top 5% earnings limit: $233,212

• Top 1% earnings limit: $634,464
• Top 5% earnings limit: $281,154

• Top 1% earnings limit: $634,255
• Top 5% earnings limit: $287,246

• Top 1% earnings limit: $616,326
• Top 5% earnings limit: $264,140

• Top 1% earnings limit: $591,900
• Top 5% earnings limit: $250,528

• Top 1% earnings limit: $586,207
• Top 5% earnings limit: $242,967

• Top 1% earnings limit: $578,237
• Top 5% earnings limit: $240,797

• Top 1% earnings limit: $577,024
• Top 5% earnings limit: $239,222

• Top 1% earnings limit: $571,593
• Top 5% earnings limit: $221,842

• Top 1% earnings limit: $554,221
• Top 5% earnings limit: $238,562

• Top 1% earnings limit: $551,004
• Top 5% earnings limit: $246,539

• Top 1% earnings limit: $549,189
• Top 5% earnings limit: $219,642

• Top 1% earnings limit: $546,798
• Top 5% earnings limit: $235,447

• Top 1% earnings limit: $545,345
• Top 5% earnings limit: $240,792

• Top 1% earnings limit: $539,002
• Top 5% earnings limit: $231,855

• Top 1% earnings limit: $535,065
• Top 5% earnings limit: $220,362

• Top 1% earnings limit: $529,327
• Top 5% earnings limit: $250,103

• Top 1% earnings limit: $526,858
• Top 5% earnings limit: $241,817

• Top 1% earnings limit: $514,561
• Top 5% earnings limit: $223,102

• Top 1% earnings limit: $514,013
• Top 5% earnings limit: $216,789

• Top 1% earnings limit: $511,240
• Top 5% earnings limit: $225,673

• Top 1% earnings limit: $510,981
• Top 5% earnings limit: $224,759

• Top 1% earnings limit: $508,126
• Top 5% earnings limit: $217,945

• Top 1% earnings limit: $506,496
• Top 5% earnings limit: $219,743

• Top 1% earnings limit: $502,425
• Top 5% earnings limit: $193,396

• Top 1% earnings limit: $427,917
• Top 5% earnings limit: $186,671

• Top 1% earnings limit: $422,373
• Top 5% earnings limit: $182,635

• Top 1% earnings limit: $417,948
• Top 5% earnings limit: $212,223

• Top 1% earnings limit: $487,092
• Top 5% earnings limit: $231,685

• Top 1% earnings limit: $486,893
• Top 5% earnings limit: $215,213

• Top 1% earnings limit: $483,606
• Top 5% earnings limit: $210,109

• Top 1% earnings limit: $474,160
• Top 5% earnings limit: $217,390

• Top 1% earnings limit: $471,007
• Top 5% earnings limit: $208,917

• Top 1% earnings limit: $466,719
• Top 5% earnings limit: $209,636

• Top 1% earnings limit: $447,370
• Top 5% earnings limit: $199,963

• Top 1% earnings limit: $446,276
• Top 5% earnings limit: $198,233

• Top 1% earnings limit: $418,970
• Top 5% earnings limit: $201,646

• Top 1% earnings limit: $383,128
• Top 5% earnings limit: $181,094