GOBankingRates

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

valentinrussanov / iStock.com

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: Just How Rich Are Elon Musk, Donald Trump and These Other Big Names?
Be Aware: $1M Is No Longer the Standard Nest Egg – Here’s How Much Most Americans Think You Actually Need To Retire

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.

Check out how much money you need to be "rich" in your state.

Last updated: Sept. 3, 2021

RiverNorthPhotography / Getty Images

50. 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

Make Your Money Work for You
SeanPavonePhoto / iStock.com

49. 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

Chilkoot / iStock.com

48. 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?

Solange_Z / Getty Images

47. 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

lynngrae / Getty Images

46. 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

Time To Move? The Richest Small Town in Every State

Make Your Money Work for You
©Shutterstock.com

45. 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

Learn More: Surprising Ways Gen Z and Millennials Are Worlds Apart Financially

miroslav_1 / Getty Images

44. 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

Exclusive:  Americans’ Savings Drop to Lowest Point in Years

DenisTangneyJr / iStock.com

43. 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

Whoa: 9 Successful Money-Making ‘Schemes’ That Are Actually Legal

©Shutterstock.com

42. 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

Rich vs. Wealthy: What’s the Difference Between the Two?

Make Your Money Work for You
DenisTangneyJr / iStock.com

41. 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

Read: 20 Hobbies of the Rich Only They Can Afford

bennymarty / Getty Images

40. 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

Find Out: 31 Dumb Things That Are Keeping You From Being Wealthy

Davel5957 / iStock.com

39. 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

Learn More: Here’s Exactly How Much Savings You Need To Retire In Your State

christiannafzger / iStock.com

38. 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

Read: 17 Biggest Budgeting Mistakes You’re Making

Make Your Money Work for You
©Shutterstock.com

37. 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

Helpful: 19 Effective Ways To Tackle Your Budget

DenisTangneyJr / iStock.com

36. 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

Check Out: Best Cities To Retire on a Budget of $1,500 a Month

Sean Pavone / iStock.com

35. 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

Read: Tips To Keep Your Finances in Order Without Sacrificing What You Want

©Shutterstock.com

34. 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

Related: 17 Dumb Home-Buying Mistakes That Hurt Your Wallet

Make Your Money Work for You
Davel5957 / iStock.com

33. 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

Try: 50 Easy Things You Should Do To Save Money

strickke / Getty Images

32. 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

Stop Now: 50 Terrible Ways To Try and Save Money

traveler1116 / iStock.com

31. 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

Find Out: Things To Cut Out Right Now To Save Money During the Health Crisis

LPETTET / Getty Images

30. 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

Options: 16 Ways To Save Money on Food 

Make Your Money Work for You
Davel5957 / iStock.com

29. 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

Read: 25 Tips for Saving Money With Your Spouse

DenisTangneyJr / iStock.com

28. 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

Helpful: 16 Effective Ways To Trick Yourself Into Saving Money

Davel5957 / iStock.com

27. 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

Good To Know: 16 Splurges That Save You Money in the Long Run

©Shutterstock.com

26. 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

Keep Reading: 25 Ways To Save 20% More of Your Paycheck Without Even Trying

4nadia / Getty Images

25. 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

Try: Cutting Out These 25 Expenses Will Save You $16,142.08 a Year

SeanPavonePhoto / iStock.com

24. 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

Read: 20 Hobbies of the Rich Only They Can Afford

©Shutterstock.com

23. 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

See: Do You Think the Minimum Wage Should Be $15? Take Our Poll

©Shutterstock.com

22. 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

See: 42 Easy Ways To Save For Retirement

photoquest7 / iStock.com

21. 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

Take Action: Do These 13 Things To Boost Your Retirement Savings Now

f11photo / iStock.com

20. 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

Are High-Yield Savings Accounts Worth It? Here’s Everything You Need To Know

©Shutterstock.com

19. 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

Learn: What Is a Savings Bond and How Does It Work?

©Shutterstock.com

18. 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

Avoid: 35 Retirement Planning Mistakes That Waste Your Money

Sean Pavone / iStock.com

17. 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

Read: 19 Things You’ll Need To Sacrifice Now for a Healthy Retirement

©Shutterstock.com

16. 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

Check Out: Here’s How To Retire Early and Quit the Daily Grind

dszc / iStock.com

15. 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

Start Cutting Costs: How To Save Money on All Your Monthly Expenses and Bills

©Shutterstock.com

14. 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

More Tips: 20 Ways To Save Money Fast

f11photo / iStock.com

13. 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

Read: Why It’s Harder To Save For Retirement Today Than 50 Years Ago

SeanPavonePhoto / iStock.com

12. 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

See: 10 Signs You’re Not Saving Enough for Retirement

DenisTangneyJr / iStock.com

11. 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

Watch Out: 15 Retirement Mistakes and Why They’ll Shrink Your Nest Egg

SeanPavonePhoto / iStock.com

10. 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

Read More: Is Now a Good Time To Raid Your 401(k)?

©Shutterstock.com

9. 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

Find Out: What Social Security Will Look Like in 2035

pawel.gaul / iStock.com

8. 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

Take a Look: 20 Geeky Collectibles That Could Make You Millions

traveler1116 / Getty Images

7. 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

Read: 10 Simple Habits of Money-Smart Individuals

RudyBalasko / iStock.com

6. 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

Take a Look: These Once-Hot Housing Markets Are Cooling Off

©iStock.com

5. 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

Discover: Most Affordable Places To Retire Near You

spyarm / iStock.com

4. 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

Read: How To Protect Your Retirement Savings During the Pandemic

espiegle / iStock.com

3. 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

Read: How Much It Cost To Retire in the Year You Were Born

floop / iStock.com

2. 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

Check Out: 100 Ways To Make Your Money Last Until You’re 100

Ron_Thomas / Getty Images

1. 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

Learn: How One Man Saved $1 Million in 5 Years

rypson / Getty Images

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

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.