GOBankingRates

Here’s How Much You Need To Earn To Be ‘Rich’ in Every State

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jacoblund / Getty Images/iStockphoto

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.

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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
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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
Davel5957 / iStock.com

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
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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
SeanPavonePhoto / iStock.com

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

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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
Sean Pavone / iStock.com

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
©Shutterstock.com

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
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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
©Shutterstock.com

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

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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
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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
©Shutterstock.com

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
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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
©Shutterstock.com

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

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©Shutterstock.com

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
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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
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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
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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
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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

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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
Davel5957 / iStock.com

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
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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
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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
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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

Make Your Money Work for You
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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
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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
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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
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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
©iStock.com

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
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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
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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
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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
©Shutterstock.com

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
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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
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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
©Shutterstock.com

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
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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
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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
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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
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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
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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
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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
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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
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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
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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
©Shutterstock.com

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
©Shutterstock.com

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
DenisTangneyJr / iStock.com

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.