Economic Growth

This is how much you need to earn to be in the top 1% of every US state

The Economic Policy Institute calculated how much money puts a household in the top 1% of income earners in each of the 50 US states. Image: Business Insider

Libby Kane
Personal Finance Editor, Business Insider
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United States

No one argues that being in the top 1% of income earners makes you rich.

But the annual income that gets you there depends on where you live.

The Economic Policy Institute calculated how much money puts a household in the top 1% of income earners in each of the 50 US states. For the US overall, the income threshold required to be in the 1% of earners is $389,436, pre-tax. In 12 states, including Connecticut, California, New York, and Texas, a household must earn more than that to be in the state's highest earners.

Below, see what it takes to be in the top 1% — and top .01%, just in case you were feeling flush — of every state, listed from lowest to highest annual income needed.

New Mexico

Income required to be in the:

Top 1%: $231,276

Top .01%: $3,853,057

Arkansas

Income required to be in the:

Top 1%: $237,428

Top .01%: $5,323,445

West Virginia

Income required to be in the:

Top 1%: $244,879

Top .01%: $2,522,272

Mississippi

Income required to be in the:

Top 1%: $264,952

Top .01%: $3,279,541

Kentucky

Income required to be in the:

Top 1%: $267,635

Top .01%: $3,716,230

Hawaii

Income required to be in the:

Top 1%: $281,620

Top .01%: $4,357,613

Maine

Income required to be in the:

Top 1%: $282,474

Top .01%: $3,435,796

Alabama

Income required to be in the:

Top 1%: $283,899

Top .01%: $3,992,394

South Carolina

Income required to be in the:

Top 1%: $288,042

Top .01%: $3,988,813

Idaho

Income required to be in the:

Top 1%: $292,324

Top .01%: $4,768,525

Indiana

Income required to be in the:

Top 1%: $296,640

Top .01%: $4,448,865

Montana

Income required to be in the:

Top 1%: $297,689

Top .01%: $4,628,105

Vermont

Income required to be in the:

Top 1%: $299,259

Top .01%: $4,657,840

Missouri

Income required to be in the:

Top 1%: $305,471

Top .01%: $5,715,368

Michigan

Income required to be in the:

Top 1%: $306,740

Top .01%: $5,705,460

Tennessee

Income required to be in the:

Top 1%: $308,834

Top .01%: $5,517,447

Arizona

Income required to be in the:

Top 1%: $309,102

Top .01%: $5,090,195

Nevada

Income required to be in the:

Top 1%: $311,977

Top .01%: $10,930,356

Wisconsin

Income required to be in the:

Top 1%: $312,375

Top .01%: $6,245,825

Oregon

Income required to be in the:

Top 1%: $312,839

Top .01%: $4,727,899

Ohio

Income required to be in the:

Top 1%: $317,124

Top .01%: $4,610,782

Iowa

Income required to be in the:

Top 1%: $317,234

Top .01%: $4,190,419

Oklahoma

Income required to be in the:

Top 1%: $324,935

Top .01%: $6,545,212

Louisiana

Income required to be in the:

Top 1%: $325,163

Top .01%: $5,717,205

North Carolina

Income required to be in the:

Top 1%: $327,549

Top .01%: $4,402,239

Utah

Income required to be in the:

Top 1%: $333,775

Top .01%: $6,606,832

Rhode Island

Income required to be in the:

Top 1%: $336,625

Top .01%: $5,958,482

Delaware

Income required to be in the:

Top 1%: $342,699

Top .01%: $4,402,704

Georgia

Income required to be in the:

Top 1%: $345,876

Top .01%: $5,435,322

Nebraska

Income required to be in the:

Top 1%: $346,252

Top .01%: $5,704,685

Kansas

Income required to be in the:

Top 1%: $351,497

Top .01%: $6,867,921

New Hampshire

Income required to be in the:

Top 1%: $359,844

Top .01%: $7,123,629

Pennsylvania

Income required to be in the:

Top 1%: $360,343

Top .01%: $6,125,315

Alaska

Income required to be in the:

Top 1%: $365,332

Top .01%: $4,781,020

Wyoming

Income required to be in the:

Top 1%: $368,468

Top .01%: $16,294,136

Florida

Income required to be in the:

Top 1%: $385,410

Top .01%: $9,503,505

South Dakota

Income required to be in the:

Top 1%: $386,622

Top .01%: $6,946,192

Washington

Income required to be in the:

Top 1%: $387,854

Top .01%: $7,805,465

Virginia

Income required to be in the:

Top 1%: $406,412

Top .01%: $6,244,774

Colorado

Income required to be in the:

Top 1%: $410,716

Top .01%: $7,517,480

Minnesota

Income required to be in the:

Top 1%: $411,022

Top .01%: $6,772,630

Illinois

Income required to be in the:

Top 1%: $416,319

Top .01%: $8,634,123

Maryland

Income required to be in the:

Top 1%: $421,188

Top .01%: $6,473,201

Texas

Income required to be in the:

Top 1%: $424,507

Top .01%: $9,548,502

California

Income required to be in the:

Top 1%: $453,772

Top .01%: $10,484,559

North Dakota

Income required to be in the:

Top 1%: $481,492

Top .01%: $8,604,082

New York

Income required to be in the:

Top 1%: $517,557

Top .01%: $15,788,964

Massachusetts

Income required to be in the:

Top 1%: $539,055

Top .01%: $12,718,018

New Jersey

Income required to be in the:

Top 1%: $547,737

Top .01%: $9,902,751

Connecticut

Income required to be in the:

Top 1%: $659,979

Top .01%: $18,725,678

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