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How Much You Need To Earn To Be in the Top 1% in Every State
        Written by         
                        Heather Taylor
                    
    
        Edited by         
            Chris Cluff
        
    
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There are only three states where earning less than $500,000 annually means you are considered wealthy enough to be among the top 1% of said states.
GOBankingRates determined these earnings by reviewing IRS data from the 2022 tax season and isolating every state’s top 1% income threshold. From there, we used the Bureau of Labor Statistics CPI inflation calculator to find each figure in 2025 dollars.
See how much you would need to make to be in every state’s top 1% of earners.
Alabama
- Lower limit of the top 1% (2022 dollars): $491,737
 - Lower limit of the top 1% (2025 dollars): $555,617
 
Alaska
- Lower limit of the top 1% (2022 dollars): $541,391
 - Lower limit of the top 1% (2025 dollars): $611,721
 
Arizona
- Lower limit of the top 1% (2022 dollars): $592,062
 - Lower limit of the top 1% (2025 dollars): $668,975
 
Arkansas
- Lower limit of the top 1% (2022 dollars): $478,036
 - Lower limit of the top 1% (2025 dollars): $540,136
 
California
- Lower limit of the top 1% (2022 dollars): $835,930
 - Lower limit of the top 1% (2025 dollars): $944,522
 
Colorado
- Lower limit of the top 1% (2022 dollars): $713,682
 - Lower limit of the top 1% (2025 dollars): $806,393
 
Connecticut
- Lower limit of the top 1% (2022 dollars): $975,899
 - Lower limit of the top 1% (2025 dollars): $1,102,674
 
Delaware
- Lower limit of the top 1% (2022 dollars): $534,189
 - Lower limit of the top 1% (2025 dollars): $603,583
 
Florida
- Lower limit of the top 1% (2022 dollars): $793,446
 - Lower limit of the top 1% (2025 dollars): $896,519
 
Georgia
- Lower limit of the top 1% (2022 dollars): $611,967
 - Lower limit of the top 1% (2025 dollars): $691,465
 
Hawaii
- Lower limit of the top 1% (2022 dollars): $518,093
 - Lower limit of the top 1% (2025 dollars): $585,396
 
Idaho
- Lower limit of the top 1% (2022 dollars): $579,669
 - Lower limit of the top 1% (2025 dollars): $654,971
 
Illinois
- Lower limit of the top 1% (2022 dollars): $675,101
 - Lower limit of the top 1% (2025 dollars): $762,800
 
Indiana
- Lower limit of the top 1% (2022 dollars): $490,566
 - Lower limit of the top 1% (2025 dollars): $554,293
 
Iowa
- Lower limit of the top 1% (2022 dollars): $511,537
 - Lower limit of the top 1% (2025 dollars): $577,988
 
Kansas
- Lower limit of the top 1% (2022 dollars): $563,148
 - Lower limit of the top 1% (2025 dollars): $636,304
 
Kentucky
- Lower limit of the top 1% (2022 dollars): $458,204
 - Lower limit of the top 1% (2025 dollars): $517,727
 
Louisiana
- Lower limit of the top 1% (2022 dollars): $508,840
 - Lower limit of the top 1% (2025 dollars): $574,942
 
Maine
- Lower limit of the top 1% (2022 dollars): $508,666
 - Lower limit of the top 1% (2025 dollars): $574,745
 
Maryland
- Lower limit of the top 1% (2022 dollars): $625,559
 - Lower limit of the top 1% (2025 dollars): $706,823
 
Massachusetts
- Lower limit of the top 1% (2022 dollars): $891,118
 - Lower limit of the top 1% (2025 dollars): $1,006,879
 
Michigan
- Lower limit of the top 1% (2022 dollars): $518,495
 - Lower limit of the top 1% (2025 dollars): $585,850
 
Minnesota
- Lower limit of the top 1% (2022 dollars): $619,895
 - Lower limit of the top 1% (2025 dollars): $700,423
 
Mississippi
- Lower limit of the top 1% (2022 dollars): $405,760
 - Lower limit of the top 1% (2025 dollars): $458,471
 
Missouri
- Lower limit of the top 1% (2022 dollars): $516,151
 - Lower limit of the top 1% (2025 dollars): $583,202
 
Montana
- Lower limit of the top 1% (2022 dollars): $606,435
 - Lower limit of the top 1% (2025 dollars): $685,215
 
Nebraska
- Lower limit of the top 1% (2022 dollars): $557,565
 - Lower limit of the top 1% (2025 dollars): $629,996
 
Nevada
- Lower limit of the top 1% (2022 dollars): $649,721
 - Lower limit of the top 1% (2025 dollars): $734,124
 
New Hampshire
- Lower limit of the top 1% (2022 dollars): $678,953
 - Lower limit of the top 1% (2025 dollars): $767,153
 
New Jersey
- Lower limit of the top 1% (2022 dollars): $831,947
 - Lower limit of the top 1% (2025 dollars): $940,022
 
New Mexico
- Lower limit of the top 1% (2022 dollars): $416,987
 - Lower limit of the top 1% (2025 dollars): $471,156
 
New York
- Lower limit of the top 1% (2022 dollars): $823,230
 - Lower limit of the top 1% (2025 dollars): $930,173
 
North Carolina
- Lower limit of the top 1% (2022 dollars): $591,619
 - Lower limit of the top 1% (2025 dollars): $668,474
 
North Dakota
- Lower limit of the top 1% (2022 dollars): $642,377
 - Lower limit of the top 1% (2025 dollars): $725,825
 
Ohio
- Lower limit of the top 1% (2022 dollars): $508,470
 - Lower limit of the top 1% (2025 dollars): $574,523
 
Oklahoma
- Lower limit of the top 1% (2022 dollars): $502,889
 - Lower limit of the top 1% (2025 dollars): $568,217
 
Oregon
- Lower limit of the top 1% (2022 dollars): $556,741
 - Lower limit of the top 1% (2025 dollars): $629,065
 
Pennsylvania
- Lower limit of the top 1% (2022 dollars): $605,333
 - Lower limit of the top 1% (2025 dollars): $683,970
 
Rhode Island
- Lower limit of the top 1% (2022 dollars): $556,885
 - Lower limit of the top 1% (2025 dollars): $629,227
 
South Carolina
- Lower limit of the top 1% (2022 dollars): $536,054
 - Lower limit of the top 1% (2025 dollars): $605,691
 
South Dakota
- Lower limit of the top 1% (2022 dollars): $634,466
 - Lower limit of the top 1% (2025 dollars): $716,887
 
Tennessee
- Lower limit of the top 1% (2022 dollars): $589,326
 - Lower limit of the top 1% (2025 dollars): $665,883
 
Texas
- Lower limit of the top 1% (2022 dollars): $686,876
 - Lower limit of the top 1% (2025 dollars): $776,105
 
Utah
- Lower limit of the top 1% (2022 dollars): $637,566
 - Lower limit of the top 1% (2025 dollars): $720,390
 
Vermont
- Lower limit of the top 1% (2022 dollars): $538,786
 - Lower limit of the top 1% (2025 dollars): $608,778
 
Virginia
- Lower limit of the top 1% (2022 dollars): $647,948
 - Lower limit of the top 1% (2025 dollars): $732,120
 
Washington
- Lower limit of the top 1% (2022 dollars): $756,256
 - Lower limit of the top 1% (2025 dollars): $854,498
 
West Virginia
- Lower limit of the top 1% (2022 dollars): $384,369
 - Lower limit of the top 1% (2025 dollars): $434,301
 
Wisconsin
- Lower limit of the top 1% (2022 dollars): $523,231
 - Lower limit of the top 1% (2025 dollars): $591,202
 
Wyoming
- Lower limit of the top 1% (2022 dollars): $712,186
 - Lower limit of the top 1% (2025 dollars): $804,703
 
Methodology: GOBankingRates looked at Internal Revenue Service data from the 2022 tax season and found each state’s threshold for the top 1% of earners. Once these figures were isolated, GOBankingRates used the Bureau of Labor Statistics CPI inflation calculator to find each figure in 2025 dollars. All data was collected on and is up to date as of Feb. 27, 2025.
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