How much do you need to earn to be in the top 1% of your state?
SmartAsset says it got these numbers by analyzing data from the IRS and Bureau of Labor Statistics.
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Feb 2, 2022, 10:04 PM
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Updated 948 days ago
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So how much exactly do you need to earn to be considered in the top 1% of earners? A lot - suggests a new poll.
A study by SmartAsset says an American family needs an income of $597,815 to be considered in the top 1% of earners nationwide.
It does vary from state to state. The threshold is highest in Connecticut, where a family needs to earn $896,490. New York comes in third, behind Massachusetts, with a family needing to earn $777,126. One-percenters in New Jersey come in fourth. They need to earn at least $760,463.
Those living in West Virginia by contrast need only an average of just over $350,000, says the study.
SmartAsset says it got these numbers by analyzing data from the IRS and Bureau of Labor Statistics.
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