Here is how a lot cash that you must earn to be within the prime 1% in each U.S. state

Being thought-about wealthy is not nearly how a lot cash you make, it is the place you reside, too.

State by state, the incomes the highest 1% of earners within the U.S. usher in fluctuate by over a half million {dollars}, in accordance with a brand new evaluation of 2022 incomes by private finance web site SmartAsset.

To be within the prime 1% of earners in Connecticut, residents want an adjusted gross earnings of a minimum of $955,261. Nevertheless, in West Virginia, they solely have to earn an AGI of $374,712 to be a part of the highest 1%.

For comparability, the median earnings for U.S. households total is underneath $70,000, with solely 10% of households incomes greater than $200,000, in accordance with SmartAsset.

Coastal states like New York and California are likely to have the best earners, whereas prime earners in additional rural states like Mississippi and Arkansas make much less. Solely 12 states require annual earnings lower than $500,000 to be thought-about within the prime 1%.

To calculate these numbers, the evaluation up to date 2018 earnings information from the Inside Income Service utilizing 2022 Shopper Worth Index information to account for inflation. 

Beneath are the incomes wanted to be a part of each the highest 1% and prime 5% of earners in every state. States are listed in descending order, beginning with the state with the best earnings threshold for the highest 1%.

• Prime 1% earnings threshold: $955,261
• Prime 5% earnings threshold: $336,866

• Prime 1% earnings threshold: $896,932
• Prime 5% earnings threshold: $349,737

• Prime 1% earnings threshold: $825,965
• Prime 5% earnings threshold: $338,884

• Prime 1% earnings threshold: $817,796
• Prime 5% earnings threshold: $287,752

• Prime 1% earnings threshold: $805,519
• Prime 5% earnings threshold: $317,791

• Prime 1% earnings threshold: $736,084
• Prime 5% earnings threshold: $312,907

• Prime 1% earnings threshold: $682,897
• Prime 5% earnings threshold: $288,694

• Prime 1% earnings threshold: $678,816
• Prime 5% earnings threshold: $243,617

• Prime 1% earnings threshold: $666,202
• Prime 5% earnings threshold: $271,049

• Prime 1% earnings threshold: $641,449
• Prime 5% earnings threshold: $258,369

• Prime 1% earnings threshold: $635,705
• Prime 5% earnings threshold: $294,495

• Prime 1% earnings threshold: $635,458
• Prime 5% earnings threshold: $233,212

• Prime 1% earnings threshold: $634,464
• Prime 5% earnings threshold: $281,154

• Prime 1% earnings threshold: $634,255
• Prime 5% earnings threshold: $287,246

• Prime 1% earnings threshold: $616,326
• Prime 5% earnings threshold: $264,140

• Prime 1% earnings threshold: $591,900
• Prime 5% earnings threshold: $250,528

• Prime 1% earnings threshold: $586,207
• Prime 5% earnings threshold: $242,967

• Prime 1% earnings threshold: $578,237
• Prime 5% earnings threshold: $240,797

• Prime 1% earnings threshold: $577,024
• Prime 5% earnings threshold: $239,222

• Prime 1% earnings threshold: $571,593
• Prime 5% earnings threshold: $221,842

• Prime 1% earnings threshold: $554,221
• Prime 5% earnings threshold: $238,562

• Prime 1% earnings threshold: $551,004
• Prime 5% earnings threshold: $246,539

• Prime 1% earnings threshold: $549,189
• Prime 5% earnings threshold: $219,642

• Prime 1% earnings threshold: $546,798
• Prime 5% earnings threshold: $235,447

• Prime 1% earnings threshold: $545,345
• Prime 5% earnings threshold: $240,792

• Prime 1% earnings threshold: $539,002
• Prime 5% earnings threshold: $231,855

• Prime 1% earnings threshold: $535,065
• Prime 5% earnings threshold: $220,362

• Prime 1% earnings threshold: $529,327
• Prime 5% earnings threshold: $250,103

• Prime 1% earnings threshold: $526,858
• Prime 5% earnings threshold: $241,817

• Prime 1% earnings threshold: $514,561
• Prime 5% earnings threshold: $223,102

• Prime 1% earnings threshold: $514,013
• Prime 5% earnings threshold: $216,789

• Prime 1% earnings threshold: $511,240
• Prime 5% earnings threshold: $225,673

• Prime 1% earnings threshold: $510,981
• Prime 5% earnings threshold: $224,759

• Prime 1% earnings threshold: $508,126
• Prime 5% earnings threshold: $217,945

• Prime 1% earnings threshold: $506,496
• Prime 5% earnings threshold: $219,743

• Prime 1% earnings threshold: $502,425
• Prime 5% earnings threshold: $193,396

• Prime 1% earnings threshold: $427,917
• Prime 5% earnings threshold: $186,671

• Prime 1% earnings threshold: $422,373
• Prime 5% earnings threshold: $182,635

• Prime 1% earnings threshold: $417,948
• Prime 5% earnings threshold: $212,223

• Prime 1% earnings threshold: $487,092
• Prime 5% earnings threshold: $231,685

• Prime 1% earnings threshold: $486,893
• Prime 5% earnings threshold: $215,213

• Prime 1% earnings threshold: $483,606
• Prime 5% earnings threshold: $210,109

• Prime 1% earnings threshold: $474,160
• Prime 5% earnings threshold: $217,390

• Prime 1% earnings threshold: $471,007
• Prime 5% earnings threshold: $208,917

• Prime 1% earnings threshold: $466,719
• Prime 5% earnings threshold: $209,636

• Prime 1% earnings threshold: $447,370
• Prime 5% earnings threshold: $199,963

• Prime 1% earnings threshold: $446,276
• Prime 5% earnings threshold: $198,233

• Prime 1% earnings threshold: $418,970
• Prime 5% earnings threshold: $201,646

• Prime 1% earnings threshold: $383,128
• Prime 5% earnings threshold: $181,094