Here's the income it takes for a family to be part of the 1% in every state

Hero Images/GettyThe income required to be rich in 19 states tops $US400,000.

The feeling of being wealthy is largely relative. One man’s “rich” may be another man’s “broke.”

Economically, however, the delineation is clear. A family in the United States needs a minimum annual income of $US421,926 to be in the top 1% of earners, according to data adapted from an Economic Policy Institute report originally published in July 2018.

The average income for families in the top 1%? $US1,316,985.

“In 2015, a family in the top 1 per cent nationally received, on average, 26.3 times as much income as a family in the bottom 99 per cent,” the researchers, Estelle Sommelier and Mark Price, wrote.

In this data, the term family is used to represent one tax unit – either a single adult or married couple who files taxes and may or may not have dependents – and all figures are from 2015. The minimum income needed to be in the top 1% in every state ranges from $US255,000 in Arkansas to more than $US700,000 in Connecticut.

Below, find out how much annual income it takes to be part of the 1% in every state, plus the average annual income of families in the 1%. The states and Washington, DC, are ranked in ascending order by annual income.


51. Arkansas

Wikimedia Commons

Minimum income to be in the top 1%: $US255,050

Average income in the top 1%: $US864,772


50. Mississippi

Sean Pavone/Shutterstock

Minimum income to be in the top 1%: $US254,362

Average income in the top 1%: $US580,461


49. New Mexico

Jimack/Shutterstock

Minimum income to be in the top 1%: $US255,429

Average income in the top 1%: $US615,082


48. West Virginia

Steve Heap/Shutterstock

Minimum income to be in the top 1%: $US258,078

Average income in the top 1%: $US535,648


47. Kentucky

f11photo/Shutterstock

Minimum income to be in the top 1%: $US274,818

Average income in the top 1%: $US719.012


46. Alabama

Minimum income to be in the top 1%: $US297,564

Average income in the top 1%: $US743,644


45. Maine

Dina Spector/Business Insider

Minimum income to be in the top 1%: $US303,897

Average income in the top 1%: $US655,870


44. Hawaii

Minimum income to be in the top 1%: $US310,566

Average income in the top 1%: $US797,001


43. Idaho

Charles Knowles/Shutterstock

Minimum income to be in the top 1%: $US314,532

Average income in the top 1%: $US829,268


42. Indiana

iStock

Minimum income to be in the top 1%: $US316,756

Average income in the top 1%: $US804,275


41. Louisiana

Courtesy of TripAdvisor

Minimum income to be in the top 1%: $US318,393

Average income in the top 1%: $US814,386


40. South Carolina

f11 photo/Shutterstock

Minimum income to be in the top 1%: $US318,463

Average income in the top 1%: $US761,185


39. Montana

Jon Bilous/Shutterstock

Minimum income to be in the top 1%: $US321,849

Average income in the top 1%: $US855,976


38. Vermont

Sean Pavone/Shutterstock

Minimum income to be in the top 1%: $US321,969

Average income in the top 1%: $US816,579


37. Missouri

A G Baxter/Shutterstock

Minimum income to be in the top 1%: $US326,839

Average income in the top 1%: $US944,804


36. Michigan

Kemboslice/Shutterstock

Minimum income to be in the top 1%: $US328,649

Average income in the top 1%: $US917,701


35. Arizona

Tim Roberts Photography/Shutterstock

Minimum income to be in the top 1%: $US331,074

Average income in the top 1%: $US882,657


34. Iowa

Minimum income to be in the top 1%: $US331,572

Average income in the top 1%: $US788,419


33. Tennessee

f11photo/Shutterstock

Minimum income to be in the top 1%: $US332,913

Average income in the top 1%: $US947,021


32. Oklahoma

iStock

Minimum income to be in the top 1%: $US333,139

Average income in the top 1%: $US932,520


31. Ohio

Minimum income to be in the top 1%: $US334,979

Average income in the top 1%: $US858,965


30. Delaware

Minimum income to be in the top 1%: $US340,770

Average income in the top 1%: $US869,461


29. Nevada

Andrew Zarivny/Shutterstock.com

Minimum income to be in the top 1%: $US341,335

Average income in the top 1%: $US1,354,780


28. North Carolina

Sean Pavone/Shutterstock

Minimum income to be in the top 1%: $US343,066

Average income in the top 1%: $US902,972


27. Rhode Island

Minimum income to be in the top 1%: $US346,657

Average income in the top 1%: $US928,204


26. Wisconsin

Minimum income to be in the top 1%: $US349,905

Average income in the top 1%: $US964,358


25. Oregon

Josemaria Toscano/Shutterstock

Minimum income to be in the top 1%: $US358,937

Average income in the top 1%: $US908,898


24. Nebraska

Minimum income to be in the top 1%: $US363,310

Average income in the top 1%: $US945,869


23. Georgia

Minimum income to be in the top 1%: $US371,811

Average income in the top 1%: $US995,576


22. Utah

f11photo/Shutterstock

Minimum income to be in the top 1%: $US374,467

Average income in the top 1%: $US1,057,066


21. Kansas

Minimum income to be in the top 1%: $US375,344

Average income in the top 1%: $US1,034,676


20. Pennsylvania

Shutterstock

Minimum income to be in the top 1%: $US388,593

Average income in the top 1%: $US1,100,962


19. Alaska

Rocky Grimes/Shutterstock

Minimum income to be in the top 1%: $US400,017

Average income in the top 1%: $US910,059


18. New Hampshire

Wikimedia Commons

Minimum income to be in the top 1%: $US405,286

Average income in the top 1%: $US1,134,101


17. Wyoming

Henryk Sadura/Shutterstock

Minimum income to be in the top 1%: $US405,596

Average income in the top 1%: $US1,900,659


16. South Dakota

Minimum income to be in the top 1%: $US407,406

Average income in the top 1%: $US1,130,048


15. Texas

Minimum income to be in the top 1%: $US440,758

Average income in the top 1%: $US1,343,897


14. North Dakota

Wikimedia Commons

Minimum income to be in the top 1%: $US445,415

Average income in the top 1%: $US1,080,845


13. Florida

Roberto Machado Noa/Getty Images

Minimum income to be in the top 1%: $US417,587

Average income in the top 1%: $US1,543,124


12. Virginia

Minimum income to be in the top 1%: $US425,144

Average income in the top 1%: $US1,109,984


11. Minnesota

photo.ua/Shutterstock

Minimum income to be in the top 1%: $US443,118

Average income in the top 1%: $US1,185,581


10. Maryland

Sean Pavone/Shutterstock

Minimum income to be in the top 1%: $US445,783

Average income in the top 1%: $US1,135,718


9. Washington

Minimum income to be in the top 1%: $US451,395

Average income in the top 1%: $US1,383,223


8. Illinois

Minimum income to be in the top 1%: $US456,377

Average income in the top 1%: $US1,412,024


7. Colorado

Minimum income to be in the top 1%: $US458,576

Average income in the top 1%: $US1,261,053


6. California

Melpomene/Shutterstock

Minimum income to be in the top 1%: $US514,694

Average income in the top 1%: $US1,693,094


5. New York

Drew Angerer/Getty Images

Minimum income to be in the top 1%: $US550,174

Average income in the top 1%: $US2,202,480


4. Massachusetts

f11photo/Shutterstock

Minimum income to be in the top 1%: $US582,774

Average income in the top 1%: $US1,904,805


3. New Jersey

f11photo/Shutterstock

Minimum income to be in the top 1%: $US588,575

Average income in the top 1%: $US1,581,829


2. Washington, DC

Minimum income to be in the top 1%: $US598,155

Average income in the top 1%: $US1,858,878


1. Connecticut

Sean Pavone/Shutterstock

Minimum income to be in the top 1%: $US700,800

Average income in the top 1%: $US2,522,806

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