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.
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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 20% and the top 5% of incomes within your state. Check out how much money you need to be “rich” in your state.
50. Mississippi
- Average adjusted gross income of the top 20%: $96,203
- The minimum you need to make to be in the top 20%: $96,204
- Average adjusted gross income of the top 20%: $167,054
- The minimum you need to make to be in the top 5%: $293,928
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49. West Virginia
- Average adjusted gross income of the top 20%: $97,032
- The minimum you need to make to be in the top 20%: $97,033
- Average adjusted gross income of the top 20%: $162,803
- The minimum you need to make to be in the top 5%: $278,324
48. Arkansas
- Average adjusted gross income of the top 20%: $99,117
- The minimum you need to make to be in the top 20%: $99,118
- Average adjusted gross income of the top 20%: $178,169
- The minimum you need to make to be in the top 5%: $326,819
47. Kentucky
- Average adjusted gross income of the top 20%: $104,503
- The minimum you need to make to be in the top 20%: $104,504
- Average adjusted gross income of the top 20%: $183,977
- The minimum you need to make to be in the top 5%: $333,709
46. New Mexico
- Average adjusted gross income of the top 20%: $104,611
- The minimum you need to make to be in the top 20%: $104, 612
- Average adjusted gross income of the top 20%: $177,322
- The minimum you need to make to be in the top 5%: $305,354
45. Alabama
- Average adjusted gross income of the top 20%: $106,150
- The minimum you need to make to be in the top 20%: $106,151
- Average adjusted gross income of the top 20%: $182,881
- The minimum you need to make to be in the top 5%: $320,543
44. Oklahoma
- Average adjusted gross income of the top 20%: $106,215
- The minimum you need to make to be in the top 20%: $106,216
- Average adjusted gross income of the top 20%: $186,369
- The minimum you need to make to be in the top 5%: $335,004
43. Tennessee
- Average adjusted gross income of the top 20%: $108,464
- The minimum you need to make to be in the top 20%: $108,465
- Average adjusted gross income of the top 20%: $197,105
- The minimum you need to make to be in the top 5%: $363,868
42. Louisiana
- Average adjusted gross income of the top 20%: $108,488
- The minimum you need to make to be in the top 20%: $108,489
- Average adjusted gross income of the top 20%: $194,298
- The minimum you need to make to be in the top 5%: $354,460
41. Montana
- Average adjusted gross income of the top 20%: $109,060
- The minimum you need to make to be in the top 20%: $109,061
- Average adjusted gross income of the top 20%: $191,363
- The minimum you need to make to be in the top 5%: $343,938
40. South Carolina
- Average adjusted gross income of the top 20%: $109,395
- The minimum you need to make to be in the top 20%: $109,396
- Average adjusted gross income of the top 20%: $194,873
- The minimum you need to make to be in the top 5%: $351,194
39. Idaho
- Average adjusted gross income of the top 20%: $109,976
- The minimum you need to make to be in the top 20%: $109,977
- Average adjusted gross income of the top 20%: $186,965
- The minimum you need to make to be in the top 5%: $328,467
38. South Dakota
- Average adjusted gross income of the top 20%: $110,085
- The minimum you need to make to be in the top 20%: $1110,086
- Average adjusted gross income of the top 20%: $186,901
- The minimum you need to make to be in the top 5%: $330,791
37. Indiana
- Average adjusted gross income of the top 20%: $110,334
- The minimum you need to make to be in the top 20%: $110,335
- Average adjusted gross income of the top 20%: $187,367
- The minimum you need to make to be in the top 5%: $328,824
36. Missouri
- Average adjusted gross income of the top 20%: $111,488
- The minimum you need to make to be in the top 20%: $111,489
- Average adjusted gross income of the top 20%: $195,397
- The minimum you need to make to be in the top 5%: $349,533
35. North Carolina
- Average adjusted gross income of the top 20%: $113,094
- The minimum you need to make to be in the top 20%: $113,095
- Average adjusted gross income of the top 20%: $203,675
- The minimum you need to make to be in the top 5%: $367,303
34. Maine
- Average adjusted gross income of the top 20%: $113,135
- The minimum you need to make to be in the top 20%: $113,136
- Average adjusted gross income of the top 20%: $190,047
- The minimum you need to make to be in the top 5%: $327,970
33. Ohio
- Average adjusted gross income of the top 20%: $113,203
- The minimum you need to make to be in the top 20%: $113,204
- Average adjusted gross income of the top 20%: $196,676
- The minimum you need to make to be in the top 5%: $348,746
32. Iowa
- Average adjusted gross income of the top 20%: $114,538
- The minimum you need to make to be in the top 20%: $114,539
- Average adjusted gross income of the top 20%: $192,132
- The minimum you need to make to be in the top 5%: $333,619
31. Florida
- Average adjusted gross income of the top 20%: $115,410
- The minimum you need to make to be in the top 20%: $115,411
- Average adjusted gross income of the top 20%: $217,044
- The minimum you need to make to be in the top 5%: $408,096
30. Michigan
- Average adjusted gross income of the top 20%: $116,295
- The minimum you need to make to be in the top 20%: $116,296
- Average adjusted gross income of the top 20%: $202,312
- The minimum you need to make to be in the top 5%: $357,366
29. Nebraska
- Average adjusted gross income of the top 20%: $116,752
- The minimum you need to make to be in the top 20%: $116,753
- Average adjusted gross income of the top 20%: $198,337
- The minimum you need to make to be in the top 5%: $348,302
28. Kansas
- Average adjusted gross income of the top 20%: $116,972
- The minimum you need to make to be in the top 20%: $116,973
- Average adjusted gross income of the top 20%: $202,842
- The minimum you need to make to be in the top 5%: $360,559
27. Wisconsin
- Average adjusted gross income of the top 20%: $117,682
- The minimum you need to make to be in the top 20%: $117,683
- Average adjusted gross income of the top 20%: $199,636
- The minimum you need to make to be in the top 5%: $351,983
26. Nevada
- Average adjusted gross income of the top 20%: $118,028
- The minimum you need to make to be in the top 20%: $118,029
- Average adjusted gross income of the top 20%: $210,939
- The minimum you need to make to be in the top 5%: $386,175
25. Wyoming
- Average adjusted gross income of the top 20%: $119,290
- The minimum you need to make to be in the top 20%: $119,291
- Average adjusted gross income of the top 20%: $198,507
- The minimum you need to make to be in the top 5%: $349,123
24. Arizona
- Average adjusted gross income of the top 20%: $119,971
- The minimum you need to make to be in the top 20%: $119,972
- Average adjusted gross income of the top 20%: $212,161
- The minimum you need to make to be in the top 5%: $380,865
23. Vermont
- Average adjusted gross income of the top 20%: $121,102
- The minimum you need to make to be in the top 20%: $121,103
- Average adjusted gross income of the top 20%: $202,860
- The minimum you need to make to be in the top 5%: $350,210
22. Georgia
- Average adjusted gross income of the top 20%: $122,453
- The minimum you need to make to be in the top 20%: $122,454
- Average adjusted gross income of the top 20%: $220,590
- The minimum you need to make to be in the top 5%: $399,216
21. North Dakota
- Average adjusted gross income of the top 20%: $122,487
- The minimum you need to make to be in the top 20%: $122,488
- Average adjusted gross income of the top 20%: $207,695
- The minimum you need to make to be in the top 5%: $366,643
20. Pennsylvania
- Average adjusted gross income of the top 20%: $119,971
- The minimum you need to make to be in the top 20%: $119,972
- Average adjusted gross income of the top 20%: $212,161
- The minimum you need to make to be in the top 5%: $380,865
19. Oregon
- Average adjusted gross income of the top 20%: $126,927
- The minimum you need to make to be in the top 20%: $126,928
- Average adjusted gross income of the top 20%: $217,779
- The minimum you need to make to be in the top 5%: $377,853
18. Texas
- Average adjusted gross income of the top 20%: $128,683
- The minimum you need to make to be in the top 20%: $128,684
- Average adjusted gross income of the top 20%: $228,655
- The minimum you need to make to be in the top 5%: $408,722
17. Utah
- Average adjusted gross income of the top 20%: $131,506
- The minimum you need to make to be in the top 20%: $131,507
- Average adjusted gross income of the top 20%: $221,056
- The minimum you need to make to be in the top 5%: $386,951
16. Delaware
- Average adjusted gross income of the top 20%: $132,129
- The minimum you need to make to be in the top 20%: $132,130
- Average adjusted gross income of the top 20%: $227,409
- The minimum you need to make to be in the top 5%: $402,529
15. Rhode Island
- Average adjusted gross income of the top 20%: $134,294
- The minimum you need to make to be in the top 20%: $134,295
- Average adjusted gross income of the top 20%: $228,818
- The minimum you need to make to be in the top 5%: $404,212
14. Illinois
- Average adjusted gross income of the top 20%: $136,273
- The minimum you need to make to be in the top 20%: $136,274
- Average adjusted gross income of the top 20%: $243,693
- The minimum you need to make to be in the top 5%: $439,891
13. Minnesota
- Average adjusted gross income of the top 20%: $137,148
- The minimum you need to make to be in the top 20%: $137,149
- Average adjusted gross income of the top 20%: $235,803
- The minimum you need to make to be in the top 5%: $415,214
12. Colorado
- Average adjusted gross income of the top 20%: $143,595
- The minimum you need to make to be in the top 20%: $143,596
- Average adjusted gross income of the top 20%: $249,285
- The minimum you need to make to be in the top 5%: $440,444
11. Alaska
- Average adjusted gross income of the top 20%: $144,129
- The minimum you need to make to be in the top 20%: $144,130
- Average adjusted gross income of the top 20%: $228,744
- The minimum you need to make to be in the top 5%: $371,359
10. New Hampshire
- Average adjusted gross income of the top 20%: $146,057
- The minimum you need to make to be in the top 20%: $146,058
- Average adjusted gross income of the top 20%: $242,876
- The minimum you need to make to be in the top 5%: $412,481
9. Washington
- Average adjusted gross income of the top 20%: $147,813
- The minimum you need to make to be in the top 20%: $147,814
- Average adjusted gross income of the top 20%: $256,705
- The minimum you need to make to be in the top 5%: $450,974
8. New York
- Average adjusted gross income of the top 20%: $149,620
- The minimum you need to make to be in the top 20%: $149,621
- Average adjusted gross income of the top 20%: $285,154
- The minimum you need to make to be in the top 5%: $540,193
7. Virginia
- Average adjusted gross income of the top 20%: $152,568
- The minimum you need to make to be in the top 20%: $152,569
- Average adjusted gross income of the top 20%: $269,655
- The minimum you need to make to be in the top 5%: $429,036
6. Hawaii
- Average adjusted gross income of the top 20%: $156,110
- The minimum you need to make to be in the top 20%: $156,111
- Average adjusted gross income of the top 20%: $256,417
- The minimum you need to make to be in the top 5%: $429,036
5. California
- Average adjusted gross income of the top 20%: $160,999
- The minimum you need to make to be in the top 20%: $161,000
- Average adjusted gross income of the top 20%: $290,289
- The minimum you need to make to be in the top 5%: $519,940
4. Connecticut
- Average adjusted gross income of the top 20%: $161,107
- The minimum you need to make to be in the top 20%: $161,108
- Average adjusted gross income of the top 20%: $305,322
- The minimum you need to make to be in the top 5%: $577,072
3. Maryland
- Average adjusted gross income of the top 20%: $165,625
- The minimum you need to make to be in the top 20%: $165,626
- Average adjusted gross income of the top 20%: $278,422
- The minimum you need to make to be in the top 5%: $475,373
2. Massachusetts
- Average adjusted gross income of the top 20%: $168,870
- The minimum you need to make to be in the top 20%: $168,871
- Average adjusted gross income of the top 20%: $296,554
- The minimum you need to make to be in the top 5%: $522,961
1. New Jersey
- Average adjusted gross income of the top 20%: $170,963
- The minimum you need to make to be in the top 20%: $170,964
- Average adjusted gross income of the top 20%: $301,019
- The minimum you need to make to be in the top 5%: $529,601
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John Csiszar contributed to the reporting for this article.
Methodology: For this piece GOBankingRates used the United States Census Bureau’s 2020 American Community Survey income quintile data to find each state’s: (1) lowest income to be considered in the top 20% richest income bracket; (2) the average income of the richest 20% and (3) the average income of the richest 5%. Only factor (1) was considered in final rankings. All data was collected and is up to date as of April 20, 2022.