Here’s How Much You Need To Earn To Be ‘Rich’ in Every State
Wealth is relative, but here's what it looks like in your state.View Gallery
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Comedian Chris Rock has an old joke about how bad Bill Gates would feel if he woke up one day with Oprah’s money. The point was that “rich” is a subjective term. The same holds true if you make a lot of money in America–where you live has a lot to do with whether you can think of yourself as truly wealthy.
Find Out: The Best Hidden Gem Destinations in Every State
To get an idea of what it means to be rich in America, GOBankingRates used IRS data to conduct a study of the top incomes as they break down by state. It lays out what income level is needed to place you in the top 5% and the top 1% of incomes within your state. Keep reading to find out if you’re rich.
Check out how much money you need to be “rich” in your state.
Last updated: Mar. 4,2021
Wyoming
- Average adjusted gross income of the top 5%: $675,561
- The minimum you need to make to be in the top 5%: $194,473
- Average adjusted gross income of the top 1%: $2,245,174
- The minimum you need to make to be in the top 1%: $188,693
Learn More: How Long $1 Million in Savings Will Last in Every State
Vermont
- Average adjusted gross income of the top 5%: $406,076
- The minimum you need to make to be in the top 5%: $188,144
- Average adjusted gross income of the top 1%: $1,002,454
- The minimum you need to make to be in the top 1%: $226,489
Check Out: Best Places To Live On a $50,000 Salary in Every State
Alaska
- Average adjusted gross income of the top 5%: $410,354
- The minimum you need to make to be in the top 5%: $210,294
- Average adjusted gross income of the top 1%: $936,890
- The minimum you need to make to be in the top 1%: $238,671
Important: Almost Every State Is In Debt Thanks to COVID-19 — What Now?
North Dakota
- Average adjusted gross income of the top 5%: $464,179
- The minimum you need to make to be in the top 5%: $203,849
- Average adjusted gross income of the top 1%: $1,173,821
- The minimum you need to make to be in the top 1%: $250,253
Read Next: The Richest Celebrity From Every State
South Dakota
- Average adjusted gross income of the top 5%: $494,910
- The minimum you need to make to be in the top 5%: $185,567
- Average adjusted gross income of the top 1%: $1,414,152
- The minimum you need to make to be in the top 1%: $285,414
Delaware
- Average adjusted gross income of the top 5%: $436,983
- The minimum you need to make to be in the top 5%: $202,834
- Average adjusted gross income of the top 1%: $1,095,713
- The minimum you need to make to be in the top 1%: $326,408
Montana
- Average adjusted gross income of the top 5%: $417,789
- The minimum you need to make to be in the top 5%: $179,579
- Average adjusted gross income of the top 1%: $1,078,275
- The minimum you need to make to be in the top 1%: $352,036
Rhode Island
- Average adjusted gross income of the top 5%: $456,877
- The minimum you need to make to be in the top 5%: $201,027
- Average adjusted gross income of the top 1%: $1,187,791
- The minimum you need to make to be in the top 1%: $371,024
Maine
- Average adjusted gross income of the top 5%: $369,120
- The minimum you need to make to be in the top 5%: $177,784
- Average adjusted gross income of the top 1%: $870,414
- The minimum you need to make to be in the top 1%: $461,534
New Hampshire
- Average adjusted gross income of the top 5%: $547,212
- The minimum you need to make to be in the top 5%: $232,884
- Average adjusted gross income of the top 1%: $1,460,801
- The minimum you need to make to be in the top 1%: $486,812
Hawaii
- Average adjusted gross income of the top 5%: $393,244
- The minimum you need to make to be in the top 5%: $194,185
- Average adjusted gross income of the top 1%: $929,822
- The minimum you need to make to be in the top 1%: $486,885
West Virginia
- Average adjusted gross income of the top 5%: $296,752
- The minimum you need to make to be in the top 5%: $156,296
- Average adjusted gross income of the top 1%: $667,368
- The minimum you need to make to be in the top 1%: $536,706
Idaho
- Average adjusted gross income of the top 5%: $429,389
- The minimum you need to make to be in the top 5%: $180,694
- Average adjusted gross income of the top 1%: $1,138,855
- The minimum you need to make to be in the top 1%: $542,846
Nebraska
- Average adjusted gross income of the top 5%: $437,912
- The minimum you need to make to be in the top 5%: $189,432
- Average adjusted gross income of the top 1%: $1,147,617
- The minimum you need to make to be in the top 1%: $618,967
New Mexico
- Average adjusted gross income of the top 5%: $347,186
- The minimum you need to make to be in the top 5%: $169,544
- Average adjusted gross income of the top 1%: $837,388
- The minimum you need to make to be in the top 1%: $652,973
Mississippi
- Average adjusted gross income of the top 5%: $316,218
- The minimum you need to make to be in the top 5%: $154,076
- Average adjusted gross income of the top 1%: $759,755
- The minimum you need to make to be in the top 1%: $856,502
Arkansas
- Average adjusted gross income of the top 5%: $460,231
- The minimum you need to make to be in the top 5%: $167,995
- Average adjusted gross income of the top 1%: $1,378,629
- The minimum you need to make to be in the top 1%: $862,972
Kansas
- Average adjusted gross income of the top 5%: $480,214
- The minimum you need to make to be in the top 5%: $195,014
- Average adjusted gross income of the top 1%: $1,314,656
- The minimum you need to make to be in the top 1%: $916,179
Utah
- Average adjusted gross income of the top 5%: $517,405
- The minimum you need to make to be in the top 5%: $198,875
- Average adjusted gross income of the top 1%: $1,461,523
- The minimum you need to make to be in the top 1%: $929,210
Iowa
- Average adjusted gross income of the top 5%: $399,217
- The minimum you need to make to be in the top 5%: $184,729
- Average adjusted gross income of the top 1%: $998,306
- The minimum you need to make to be in the top 1%: $1,002,590
Nevada
- Average adjusted gross income of the top 5%: $653,809
- The minimum you need to make to be in the top 5%: $187,250
- Average adjusted gross income of the top 1%: $2,184,285
- The minimum you need to make to be in the top 1%: $1,021,773
Oklahoma
- Average adjusted gross income of the top 5%: $423,236
- The minimum you need to make to be in the top 5%: $180,281
- Average adjusted gross income of the top 1%: $1,109,039
- The minimum you need to make to be in the top 1%: $1,141,290
Connecticut
- Average adjusted gross income of the top 5%: $916,467
- The minimum you need to make to be in the top 5%: $284,571
- Average adjusted gross income of the top 1%: $2,840,261
- The minimum you need to make to be in the top 1%: $1,214,099
Kentucky
- Average adjusted gross income of the top 5%: $392,940
- The minimum you need to make to be in the top 5%: $168,243
- Average adjusted gross income of the top 1%: $1,047,733
- The minimum you need to make to be in the top 1%: $1,326,353
Louisiana
- Average adjusted gross income of the top 5%: $421,111
- The minimum you need to make to be in the top 5%: $182,159
- Average adjusted gross income of the top 1%: $1,095,274
- The minimum you need to make to be in the top 1%: $1,373,267
Oregon
- Average adjusted gross income of the top 5%: $469,205
- The minimum you need to make to be in the top 5%: $208,235
- Average adjusted gross income of the top 1%: $1,193,735
- The minimum you need to make to be in the top 1%: $1,375,913
Alabama
- Average adjusted gross income of the top 5%: $391,345
- The minimum you need to make to be in the top 5%: $176,514
- Average adjusted gross income of the top 1%: $999,352
- The minimum you need to make to be in the top 1%: $1,434,586
South Carolina
- Average adjusted gross income of the top 5%: $417,071
- The minimum you need to make to be in the top 5%: $184,484
- Average adjusted gross income of the top 1%: $1,064,627
- The minimum you need to make to be in the top 1%: $1,576,731
Minnesota
- Average adjusted gross income of the top 5%: $529,895
- The minimum you need to make to be in the top 5%: $222,531
- Average adjusted gross income of the top 1%: $1,405,745
- The minimum you need to make to be in the top 1%: $1,909,454
Colorado
- Average adjusted gross income of the top 5%: $601,099
- The minimum you need to make to be in the top 5%: $241,394
- Average adjusted gross income of the top 1%: $1,645,616
- The minimum you need to make to be in the top 1%: $1,921,517
Missouri
- Average adjusted gross income of the top 5%: $457,214
- The minimum you need to make to be in the top 5%: $184,534
- Average adjusted gross income of the top 1%: $1,264,240
- The minimum you need to make to be in the top 1%: $1,939,775
Wisconsin
- Average adjusted gross income of the top 5%: $447,181
- The minimum you need to make to be in the top 5%: $186,922
- Average adjusted gross income of the top 1%: $1,203,326
- The minimum you need to make to be in the top 1%: $1,973,354
Maryland
- Average adjusted gross income of the top 5%: $535,350
- The minimum you need to make to be in the top 5%: $242,113
- Average adjusted gross income of the top 1%: $1,368,091
- The minimum you need to make to be in the top 1%: $2,095,881
Tennessee
- Average adjusted gross income of the top 5%: $478,462
- The minimum you need to make to be in the top 5%: $184,116
- Average adjusted gross income of the top 1%: $1,346,134
- The minimum you need to make to be in the top 1%: $2,120,576
Indiana
- Average adjusted gross income of the top 5%: $396,034
- The minimum you need to make to be in the top 5%: $176,199
- Average adjusted gross income of the top 1%: $1,017,307
- The minimum you need to make to be in the top 1%: $2,162,591
Arizona
- Average adjusted gross income of the top 5%: $474,189
- The minimum you need to make to be in the top 5%: $198,158
- Average adjusted gross income of the top 1%: $1,268,048
- The minimum you need to make to be in the top 1%: $2,176,148
Massachusetts
- Average adjusted gross income of the top 5%: $842,977
- The minimum you need to make to be in the top 5%: $287,128
- Average adjusted gross income of the top 1%: $2,539,953
- The minimum you need to make to be in the top 1%: $2,380,834
Washington
- Average adjusted gross income of the top 5%: $654,926
- The minimum you need to make to be in the top 5%: $258,985
- Average adjusted gross income of the top 1%: $1,801,457
- The minimum you need to make to be in the top 1%: $2,542,112
Virginia
- Average adjusted gross income of the top 5%: $547,782
- The minimum you need to make to be in the top 5%: $246,917
- Average adjusted gross income of the top 1%: $1,412,355
- The minimum you need to make to be in the top 1%: $2,770,602
New Jersey
- Average adjusted gross income of the top 5%: $694,357
- The minimum you need to make to be in the top 5%: $282,184
- Average adjusted gross income of the top 1%: $1,855,914
- The minimum you need to make to be in the top 1%: $3,055,574
Georgia
- Average adjusted gross income of the top 5%: $510,511
- The minimum you need to make to be in the top 5%: $205,702
- Average adjusted gross income of the top 1%: $1,386,410
- The minimum you need to make to be in the top 1%: $3,180,691
North Carolina
- Average adjusted gross income of the top 5%: $460,030
- The minimum you need to make to be in the top 5%: $199,164
- Average adjusted gross income of the top 1%: $1,188,279
- The minimum you need to make to be in the top 1%: $3,227,607
Michigan
- Average adjusted gross income of the top 5%: $465,295
- The minimum you need to make to be in the top 5%: $190,597
- Average adjusted gross income of the top 1%: $1,281,016
- The minimum you need to make to be in the top 1%: $3,286,929
Ohio
- Average adjusted gross income of the top 5%: $420,927
- The minimum you need to make to be in the top 5%: $180,485
- Average adjusted gross income of the top 1%: $1,100,839
- The minimum you need to make to be in the top 1%: $3,871,661
Illinois
- Average adjusted gross income of the top 5%: $631,236
- The minimum you need to make to be in the top 5%: $228,565
- Average adjusted gross income of the top 1%: $1,842,478
- The minimum you need to make to be in the top 1%: $4,196,255
Pennsylvania
- Average adjusted gross income of the top 5%: $509,902
- The minimum you need to make to be in the top 5%: $209,157
- Average adjusted gross income of the top 1%: $1,372,479
- The minimum you need to make to be in the top 1%: $4,296,323
New York
- Average adjusted gross income of the top 5%: $844,193
- The minimum you need to make to be in the top 5%: $242,506
- Average adjusted gross income of the top 1%: $2,739,623
- The minimum you need to make to be in the top 1%: $6,805,717
Florida
- Average adjusted gross income of the top 5%: $682,615
- The minimum you need to make to be in the top 5%: $203,827
- Average adjusted gross income of the top 1%: $2,190,557
- The minimum you need to make to be in the top 1%: $7,140,788
Texas
- Average adjusted gross income of the top 5%: $585,405
- The minimum you need to make to be in the top 5%: $216,799
- Average adjusted gross income of the top 1%: $1,681,737
- The minimum you need to make to be in the top 1%: $8,751,910
California
- Average adjusted gross income of the top 5%: $758,257
- The minimum you need to make to be in the top 5%: $266,020
- Average adjusted gross income of the top 1%: $2,238,758
- The minimum you need to make to be in the top 1%: $12,715,259
United States
- Average adjusted gross income of the top 5%: $591,187
- The minimum you need to make to be in the top 5%: $219,840
- Average adjusted gross income of the top 1%: $1,697,006
- The minimum you need to make to be in the top 1%: $545,978
More From GOBankingRates
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John Csiszar contributed to the reporting for this article.
Methodology: GOBankingRates analyzed IRS data for the 2018 tax year to find (1) the average adjusted gross income of the top 5% of filers, (2) the adjusted gross income cutoff for the top 5% of filers, (3) the average adjusted gross income of the top 1% of filers, and (4) the adjusted gross income cutoff for the top 1% of filers. All data were collected on and up to date as of Feb. 16, 2021.
About the Author
Andrew Lisa
Andrew Lisa has been writing professionally since 2001. An award-winning writer, Andrew was formerly one of the youngest nationally distributed columnists for the largest newspaper syndicate in the country, the Gannett News Service. He worked as the business section editor for amNewYork, the most widely distributed newspaper in Manhattan, and worked as a copy editor for TheStreet.com, a financial publication in the heart of Wall Street’s investment community in New York City.
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Comedian Chris Rock has an old joke about how bad Bill Gates would feel if he woke up one day with Oprah’s money. The point was that “rich” is a subjective term. The same holds true if you make a lot of money in America–where you live has a lot to do with whether you can think of yourself as truly wealthy.
Find Out: The Best Hidden Gem Destinations in Every State
To get an idea of what it means to be rich in America, GOBankingRates used IRS data to conduct a study of the top incomes as they break down by state. It lays out what income level is needed to place you in the top 5% and the top 1% of incomes within your state. Keep reading to find out if you’re rich.
Check out how much money you need to be “rich” in your state.
Last updated: Mar. 4,2021
Wyoming
- Average adjusted gross income of the top 5%: $675,561
- The minimum you need to make to be in the top 5%: $194,473
- Average adjusted gross income of the top 1%: $2,245,174
- The minimum you need to make to be in the top 1%: $188,693
Learn More: How Long $1 Million in Savings Will Last in Every State
Vermont
- Average adjusted gross income of the top 5%: $406,076
- The minimum you need to make to be in the top 5%: $188,144
- Average adjusted gross income of the top 1%: $1,002,454
- The minimum you need to make to be in the top 1%: $226,489
Check Out: Best Places To Live On a $50,000 Salary in Every State
Alaska
- Average adjusted gross income of the top 5%: $410,354
- The minimum you need to make to be in the top 5%: $210,294
- Average adjusted gross income of the top 1%: $936,890
- The minimum you need to make to be in the top 1%: $238,671
Important: Almost Every State Is In Debt Thanks to COVID-19 — What Now?
North Dakota
- Average adjusted gross income of the top 5%: $464,179
- The minimum you need to make to be in the top 5%: $203,849
- Average adjusted gross income of the top 1%: $1,173,821
- The minimum you need to make to be in the top 1%: $250,253
Read Next: The Richest Celebrity From Every State
South Dakota
- Average adjusted gross income of the top 5%: $494,910
- The minimum you need to make to be in the top 5%: $185,567
- Average adjusted gross income of the top 1%: $1,414,152
- The minimum you need to make to be in the top 1%: $285,414
Delaware
- Average adjusted gross income of the top 5%: $436,983
- The minimum you need to make to be in the top 5%: $202,834
- Average adjusted gross income of the top 1%: $1,095,713
- The minimum you need to make to be in the top 1%: $326,408
Montana
- Average adjusted gross income of the top 5%: $417,789
- The minimum you need to make to be in the top 5%: $179,579
- Average adjusted gross income of the top 1%: $1,078,275
- The minimum you need to make to be in the top 1%: $352,036
Rhode Island
- Average adjusted gross income of the top 5%: $456,877
- The minimum you need to make to be in the top 5%: $201,027
- Average adjusted gross income of the top 1%: $1,187,791
- The minimum you need to make to be in the top 1%: $371,024
Maine
- Average adjusted gross income of the top 5%: $369,120
- The minimum you need to make to be in the top 5%: $177,784
- Average adjusted gross income of the top 1%: $870,414
- The minimum you need to make to be in the top 1%: $461,534
New Hampshire
- Average adjusted gross income of the top 5%: $547,212
- The minimum you need to make to be in the top 5%: $232,884
- Average adjusted gross income of the top 1%: $1,460,801
- The minimum you need to make to be in the top 1%: $486,812
Hawaii
- Average adjusted gross income of the top 5%: $393,244
- The minimum you need to make to be in the top 5%: $194,185
- Average adjusted gross income of the top 1%: $929,822
- The minimum you need to make to be in the top 1%: $486,885
West Virginia
- Average adjusted gross income of the top 5%: $296,752
- The minimum you need to make to be in the top 5%: $156,296
- Average adjusted gross income of the top 1%: $667,368
- The minimum you need to make to be in the top 1%: $536,706
Idaho
- Average adjusted gross income of the top 5%: $429,389
- The minimum you need to make to be in the top 5%: $180,694
- Average adjusted gross income of the top 1%: $1,138,855
- The minimum you need to make to be in the top 1%: $542,846
Nebraska
- Average adjusted gross income of the top 5%: $437,912
- The minimum you need to make to be in the top 5%: $189,432
- Average adjusted gross income of the top 1%: $1,147,617
- The minimum you need to make to be in the top 1%: $618,967
New Mexico
- Average adjusted gross income of the top 5%: $347,186
- The minimum you need to make to be in the top 5%: $169,544
- Average adjusted gross income of the top 1%: $837,388
- The minimum you need to make to be in the top 1%: $652,973
Mississippi
- Average adjusted gross income of the top 5%: $316,218
- The minimum you need to make to be in the top 5%: $154,076
- Average adjusted gross income of the top 1%: $759,755
- The minimum you need to make to be in the top 1%: $856,502
Arkansas
- Average adjusted gross income of the top 5%: $460,231
- The minimum you need to make to be in the top 5%: $167,995
- Average adjusted gross income of the top 1%: $1,378,629
- The minimum you need to make to be in the top 1%: $862,972
Kansas
- Average adjusted gross income of the top 5%: $480,214
- The minimum you need to make to be in the top 5%: $195,014
- Average adjusted gross income of the top 1%: $1,314,656
- The minimum you need to make to be in the top 1%: $916,179
Utah
- Average adjusted gross income of the top 5%: $517,405
- The minimum you need to make to be in the top 5%: $198,875
- Average adjusted gross income of the top 1%: $1,461,523
- The minimum you need to make to be in the top 1%: $929,210
Iowa
- Average adjusted gross income of the top 5%: $399,217
- The minimum you need to make to be in the top 5%: $184,729
- Average adjusted gross income of the top 1%: $998,306
- The minimum you need to make to be in the top 1%: $1,002,590
Nevada
- Average adjusted gross income of the top 5%: $653,809
- The minimum you need to make to be in the top 5%: $187,250
- Average adjusted gross income of the top 1%: $2,184,285
- The minimum you need to make to be in the top 1%: $1,021,773
Oklahoma
- Average adjusted gross income of the top 5%: $423,236
- The minimum you need to make to be in the top 5%: $180,281
- Average adjusted gross income of the top 1%: $1,109,039
- The minimum you need to make to be in the top 1%: $1,141,290
Connecticut
- Average adjusted gross income of the top 5%: $916,467
- The minimum you need to make to be in the top 5%: $284,571
- Average adjusted gross income of the top 1%: $2,840,261
- The minimum you need to make to be in the top 1%: $1,214,099
Kentucky
- Average adjusted gross income of the top 5%: $392,940
- The minimum you need to make to be in the top 5%: $168,243
- Average adjusted gross income of the top 1%: $1,047,733
- The minimum you need to make to be in the top 1%: $1,326,353
Louisiana
- Average adjusted gross income of the top 5%: $421,111
- The minimum you need to make to be in the top 5%: $182,159
- Average adjusted gross income of the top 1%: $1,095,274
- The minimum you need to make to be in the top 1%: $1,373,267
Oregon
- Average adjusted gross income of the top 5%: $469,205
- The minimum you need to make to be in the top 5%: $208,235
- Average adjusted gross income of the top 1%: $1,193,735
- The minimum you need to make to be in the top 1%: $1,375,913
Alabama
- Average adjusted gross income of the top 5%: $391,345
- The minimum you need to make to be in the top 5%: $176,514
- Average adjusted gross income of the top 1%: $999,352
- The minimum you need to make to be in the top 1%: $1,434,586
South Carolina
- Average adjusted gross income of the top 5%: $417,071
- The minimum you need to make to be in the top 5%: $184,484
- Average adjusted gross income of the top 1%: $1,064,627
- The minimum you need to make to be in the top 1%: $1,576,731
Minnesota
- Average adjusted gross income of the top 5%: $529,895
- The minimum you need to make to be in the top 5%: $222,531
- Average adjusted gross income of the top 1%: $1,405,745
- The minimum you need to make to be in the top 1%: $1,909,454
Colorado
- Average adjusted gross income of the top 5%: $601,099
- The minimum you need to make to be in the top 5%: $241,394
- Average adjusted gross income of the top 1%: $1,645,616
- The minimum you need to make to be in the top 1%: $1,921,517
Missouri
- Average adjusted gross income of the top 5%: $457,214
- The minimum you need to make to be in the top 5%: $184,534
- Average adjusted gross income of the top 1%: $1,264,240
- The minimum you need to make to be in the top 1%: $1,939,775
Wisconsin
- Average adjusted gross income of the top 5%: $447,181
- The minimum you need to make to be in the top 5%: $186,922
- Average adjusted gross income of the top 1%: $1,203,326
- The minimum you need to make to be in the top 1%: $1,973,354
Maryland
- Average adjusted gross income of the top 5%: $535,350
- The minimum you need to make to be in the top 5%: $242,113
- Average adjusted gross income of the top 1%: $1,368,091
- The minimum you need to make to be in the top 1%: $2,095,881
Tennessee
- Average adjusted gross income of the top 5%: $478,462
- The minimum you need to make to be in the top 5%: $184,116
- Average adjusted gross income of the top 1%: $1,346,134
- The minimum you need to make to be in the top 1%: $2,120,576
Indiana
- Average adjusted gross income of the top 5%: $396,034
- The minimum you need to make to be in the top 5%: $176,199
- Average adjusted gross income of the top 1%: $1,017,307
- The minimum you need to make to be in the top 1%: $2,162,591
Arizona
- Average adjusted gross income of the top 5%: $474,189
- The minimum you need to make to be in the top 5%: $198,158
- Average adjusted gross income of the top 1%: $1,268,048
- The minimum you need to make to be in the top 1%: $2,176,148
Massachusetts
- Average adjusted gross income of the top 5%: $842,977
- The minimum you need to make to be in the top 5%: $287,128
- Average adjusted gross income of the top 1%: $2,539,953
- The minimum you need to make to be in the top 1%: $2,380,834
Washington
- Average adjusted gross income of the top 5%: $654,926
- The minimum you need to make to be in the top 5%: $258,985
- Average adjusted gross income of the top 1%: $1,801,457
- The minimum you need to make to be in the top 1%: $2,542,112
Virginia
- Average adjusted gross income of the top 5%: $547,782
- The minimum you need to make to be in the top 5%: $246,917
- Average adjusted gross income of the top 1%: $1,412,355
- The minimum you need to make to be in the top 1%: $2,770,602
New Jersey
- Average adjusted gross income of the top 5%: $694,357
- The minimum you need to make to be in the top 5%: $282,184
- Average adjusted gross income of the top 1%: $1,855,914
- The minimum you need to make to be in the top 1%: $3,055,574
Georgia
- Average adjusted gross income of the top 5%: $510,511
- The minimum you need to make to be in the top 5%: $205,702
- Average adjusted gross income of the top 1%: $1,386,410
- The minimum you need to make to be in the top 1%: $3,180,691
North Carolina
- Average adjusted gross income of the top 5%: $460,030
- The minimum you need to make to be in the top 5%: $199,164
- Average adjusted gross income of the top 1%: $1,188,279
- The minimum you need to make to be in the top 1%: $3,227,607
Michigan
- Average adjusted gross income of the top 5%: $465,295
- The minimum you need to make to be in the top 5%: $190,597
- Average adjusted gross income of the top 1%: $1,281,016
- The minimum you need to make to be in the top 1%: $3,286,929
Ohio
- Average adjusted gross income of the top 5%: $420,927
- The minimum you need to make to be in the top 5%: $180,485
- Average adjusted gross income of the top 1%: $1,100,839
- The minimum you need to make to be in the top 1%: $3,871,661
Illinois
- Average adjusted gross income of the top 5%: $631,236
- The minimum you need to make to be in the top 5%: $228,565
- Average adjusted gross income of the top 1%: $1,842,478
- The minimum you need to make to be in the top 1%: $4,196,255
Pennsylvania
- Average adjusted gross income of the top 5%: $509,902
- The minimum you need to make to be in the top 5%: $209,157
- Average adjusted gross income of the top 1%: $1,372,479
- The minimum you need to make to be in the top 1%: $4,296,323
New York
- Average adjusted gross income of the top 5%: $844,193
- The minimum you need to make to be in the top 5%: $242,506
- Average adjusted gross income of the top 1%: $2,739,623
- The minimum you need to make to be in the top 1%: $6,805,717
Florida
- Average adjusted gross income of the top 5%: $682,615
- The minimum you need to make to be in the top 5%: $203,827
- Average adjusted gross income of the top 1%: $2,190,557
- The minimum you need to make to be in the top 1%: $7,140,788
Texas
- Average adjusted gross income of the top 5%: $585,405
- The minimum you need to make to be in the top 5%: $216,799
- Average adjusted gross income of the top 1%: $1,681,737
- The minimum you need to make to be in the top 1%: $8,751,910
California
- Average adjusted gross income of the top 5%: $758,257
- The minimum you need to make to be in the top 5%: $266,020
- Average adjusted gross income of the top 1%: $2,238,758
- The minimum you need to make to be in the top 1%: $12,715,259
United States
- Average adjusted gross income of the top 5%: $591,187
- The minimum you need to make to be in the top 5%: $219,840
- Average adjusted gross income of the top 1%: $1,697,006
- The minimum you need to make to be in the top 1%: $545,978
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John Csiszar contributed to the reporting for this article.
Methodology: GOBankingRates analyzed IRS data for the 2018 tax year to find (1) the average adjusted gross income of the top 5% of filers, (2) the adjusted gross income cutoff for the top 5% of filers, (3) the average adjusted gross income of the top 1% of filers, and (4) the adjusted gross income cutoff for the top 1% of filers. All data were collected on and up to date as of Feb. 16, 2021.
About the Author
Andrew Lisa
Andrew Lisa has been writing professionally since 2001. An award-winning writer, Andrew was formerly one of the youngest nationally distributed columnists for the largest newspaper syndicate in the country, the Gannett News Service. He worked as the business section editor for amNewYork, the most widely distributed newspaper in Manhattan, and worked as a copy editor for TheStreet.com, a financial publication in the heart of Wall Street’s investment community in New York City.