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

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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%.

Connecticut

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

Massachusetts

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

New Jersey

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

New York

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

California

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

Washington

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

Colorado

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

Florida

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

Illinois

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

Texas

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

Virginia

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

Wyoming

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

New Hampshire

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

Maryland

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

Minnesota

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

Pennsylvania

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

Georgia

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

North Dakota

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

Utah

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

Nevada

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

North Carolina

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

Oregon

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

South Dakota

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

Arizona

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

Rhode Island

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

Kansas

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

Tennessee

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

Alaska

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

Delaware

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

Wisconsin

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

Montana

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

Michigan

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

Nebraska

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

Idaho

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

South Carolina

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

Vermont

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

Missouri

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

Ohio

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

Louisiana

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

Hawaii

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

Maine

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

Oklahoma

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

Iowa

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

Indiana

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

Alabama

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

Kentucky

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

Arkansas

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

New Mexico

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

Mississippi

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

West Virginia

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