Here’s How Much You Need To Earn To Rank in the Top 1%, 5% and 10% in Your State
How does your salary match up against the highest in your state?
Not surprisingly, the numbers vary widely depending on where you are.
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Making $376,252 a year in one state will land you in the top 1%. In another state, you'll need to make more than $975,000 to clear that bar. (The highest entry on the list, at more than $1 million a year, is -- spoiler alert -- not actually a state.)
What do the numbers look like for making the top 25%? Make just over $78,000 a year and you'll crack that list in the state with the lowest bar. In the state with the highest bar, you'll need to make about $131,000.
So says Internal Revenue Service data on individual income for 2020, the most recent year available. GOBankingRates has taken those figures and used the Bureau of Labor Statistics CPI inflation calculator to turn the numbers into 2023 dollars.
You may find some surprises on the list. Hawaii, known for its Mauna Kea-high cost of living, has the 41st highest bar for reaching the top 1%. (If you aren't familiar with Hawaiian mountains, Mauna Kea is really tall.)
You might think California or New York top the list. If so, guess again.
Here's a state-by-state breakdown (D.C., too!) of where you need to be to make each level. Plus, the overall numbers for the entire U.S.
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Alabama
Lower limit for top 25%: $91,183
Lower limit for top 10%: $157,049
Lower limit for top 5%: $216,031
Lower limit for top 1%: $481,436
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Alaska
Lower limit for top 25%: $116,629
Lower limit for top 10%: $191,423
Lower limit for top 5%: $256,325
Lower limit for top 1%: $555,628
Arizona
Lower limit for top 25%: $98,359
Lower limit for top 10%: $171,436
Lower limit for top 5%: $243,661
Lower limit for top 1%: $577,336
Arkansas
Lower limit for top 25%: $85,859
Lower limit for top 10%: $146,531
Lower limit for top 5%: $203,778
Lower limit for top 1%: $461,332
California
Lower limit for top 25%: $113,325
Lower limit for top 10%: $214,977
Lower limit for top 5%: $326,403
Lower limit for top 1%: $864,181
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Colorado
Lower limit for top 25%: $118,826
Lower limit for top 10%: $208,068
Lower limit for top 5%: $299,996
Lower limit for top 1%: $725,818
Connecticut
Lower limit for top 25%: $126,170
Lower limit for top 10%: $226,786
Lower limit for top 5%: $339,654
Lower limit for top 1%: $975,380
Delaware
Lower limit for top 25%: $108,968
Lower limit for top 10%: $182,297
Lower limit for top 5%: $248,449
Lower limit for top 1%: $542,428
District of Columbia
Lower limit for top 25%: $133,066
Lower limit for top 10%: $259,332
Lower limit for top 5%: $393,893
Lower limit for top 1%: $1,037,610
Florida
Lower limit for top 25%: $91,316
Lower limit for top 10%: $167,789
Lower limit for top 5%: $248,727
Lower limit for top 1%: $711,381
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Georgia
Lower limit for top 25%: $94,188
Lower limit for top 10%: $170,377
Lower limit for top 5%: $246,404
Lower limit for top 1%: $599,205
Hawaii
Lower limit for top 25%: $107,063
Lower limit for top 10%: $176,766
Lower limit for top 5%: $238,354
Lower limit for top 1%: $506,945
Idaho
Lower limit for top 25%: $100,787
Lower limit for top 10%: $166,139
Lower limit for top 5%: $233,810
Lower limit for top 1%: $573,250
Illinois
Lower limit for top 25%: $110,860
Lower limit for top 10%: $192,091
Lower limit for top 5%: $273,642
Lower limit for top 1%: $676,397
Indiana
Lower limit for top 25%: $96,273
Lower limit for top 10%: $157,308
Lower limit for top 5%: $213,203
Lower limit for top 1%: $484,858
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Iowa
Lower limit for top 25%: $106,870
Lower limit for top 10%: $168,115
Lower limit for top 5%: $226,471
Lower limit for top 1%: $495,401
Kansas
Lower limit for top 25%: $103,181
Lower limit for top 10%: $171,499
Lower limit for top 5%: $238,466
Lower limit for top 1%: $568,002
Kentucky
Lower limit for top 25%: $90,268
Lower limit for top 10%: $149,707
Lower limit for top 5%: $203,735
Lower limit for top 1%: $455,798
Louisiana
Lower limit for top 25%: $86,458
Lower limit for top 10%: $153,607
Lower limit for top 5%: $210,892
Lower limit for top 1%: $469,079
Maine
Lower limit for top 25%: $98,760
Lower limit for top 10%: $162,128
Lower limit for top 5%: $223,679
Lower limit for top 1%: $514,460
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Maryland
Lower limit for top 25%: $124,124
Lower limit for top 10%: $213,779
Lower limit for top 5%: $295,102
Lower limit for top 1%: $648,272
Massachusetts
Lower limit for top 25%: $131,128
Lower limit for top 10%: $239,466
Lower limit for top 5%: $356,013
Lower limit for top 1%: $924,710
Michigan
Lower limit for top 25%: $99,015
Lower limit for top 10%: $165,474
Lower limit for top 5%: $228,451
Lower limit for top 1%: $516,575
Minnesota
Lower limit for top 25%: $117,906
Lower limit for top 10%: $194,270
Lower limit for top 5%: $271,468
Lower limit for top 1%: $641,228
Mississippi
Lower limit for top 25%: $78,287
Lower limit for top 10%: $137,071
Lower limit for top 5%: $185,525
Lower limit for top 1%: $390,927
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Missouri
Lower limit for top 25%: $96,351
Lower limit for top 10%: $161,121
Lower limit for top 5%: $222,588
Lower limit for top 1%: $512,435
Montana
Lower limit for top 25%: $100,237
Lower limit for top 10%: $164,995
Lower limit for top 5%: $230,083
Lower limit for top 1%: $572,857
Nebraska
Lower limit for top 25%: $106,586
Lower limit for top 10%: $171,714
Lower limit for top 5%: $234,584
Lower limit for top 1%: $548,286
Nevada
Lower limit for top 25%: $92,399
Lower limit for top 10%: $161,374
Lower limit for top 5%: $229,542
Lower limit for top 1%: $617,993
New Hampshire
Lower limit for top 25%: $125,777
Lower limit for top 10%: $209,012
Lower limit for top 5%: $292,753
Lower limit for top 1%: $674,582
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New Jersey
Lower limit for top 25%: $127,581
Lower limit for top 10%: $232,117
Lower limit for top 5%: $340,971
Lower limit for top 1%: $836,626
New Mexico
Lower limit for top 25%: $85,892
Lower limit for top 10%: $149,158
Lower limit for top 5%: $204,579
Lower limit for top 1%: $421,099
New York
Lower limit for top 25%: $106,140
Lower limit for top 10%: $190,937
Lower limit for top 5%: $282,604
Lower limit for top 1%: $794,982
North Carolina
Lower limit for top 25%: $96,613
Lower limit for top 10%: $170,115
Lower limit for top 5%: $244,283
Lower limit for top 1%: $572,966
North Dakota
Lower limit for top 25%: $115,808
Lower limit for top 10%: $182,115
Lower limit for top 5%: $247,871
Lower limit for top 1%: $599,369
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Ohio
Lower limit for top 25%: $95,497
Lower limit for top 10%: $157,632
Lower limit for top 5%: $217,263
Lower limit for top 1%: $512,053
Oklahoma
Lower limit for top 25%: $90,755
Lower limit for top 10%: $153,276
Lower limit for top 5%: $210,254
Lower limit for top 1%: $471,027
Oregon
Lower limit for top 25%: $107,949
Lower limit for top 10%: $181,864
Lower limit for top 5%: $255,922
Lower limit for top 1%: $585,301
Pennsylvania
Lower limit for top 25%: $106,268
Lower limit for top 10%: $179,688
Lower limit for top 5%: $254,269
Lower limit for top 1%: $602,589
Rhode Island
Lower limit for top 25%: $105,973
Lower limit for top 10%: $179,100
Lower limit for top 5%: $246,545
Lower limit for top 1%: $561,470
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South Carolina
Lower limit for top 25%: $92,498
Lower limit for top 10%: $160,331
Lower limit for top 5%: $224,369
Lower limit for top 1%: $520,420
South Dakota
Lower limit for top 25%: $105,774
Lower limit for top 10%: $167,736
Lower limit for top 5%: $233,177
Lower limit for top 1%: $604,299
Tennessee
Lower limit for top 25%: $92,384
Lower limit for top 10%: $159,715
Lower limit for top 5%: $227,315
Lower limit for top 1%: $561,263
Texas
Lower limit for top 25%: $98,215
Lower limit for top 10%: $178,964
Lower limit for top 5%: $260,801
Lower limit for top 1%: $646,753
Utah
Lower limit for top 25%: $110,337
Lower limit for top 10%: $180,520
Lower limit for top 5%: $254,187
Lower limit for top 1%: $645,418
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Vermont
Lower limit for top 25%: $103,276
Lower limit for top 10%: $169,773
Lower limit for top 5%: $235,458
Lower limit for top 1%: $530,259
Virginia
Lower limit for top 25%: $122,105
Lower limit for top 10%: $214,726
Lower limit for top 5%: $302,447
Lower limit for top 1%: $659,036
Washington
Lower limit for top 25%: $127,907
Lower limit for top 10%: $226,328
Lower limit for top 5%: $336,076
Lower limit for top 1%: $823,838
West Virginia
Lower limit for top 25%: $88,497
Lower limit for top 10%: $142,896
Lower limit for top 5%: $187,852
Lower limit for top 1%: $376,252
Wisconsin
Lower limit for top 25%: $106,060
Lower limit for top 10%: $168,930
Lower limit for top 5%: $229,539
Lower limit for top 1%: $529,524
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Wyoming
Lower limit for top 25%: $110,685
Lower limit for top 10%: $174,757
Lower limit for top 5%: $238,702
Lower limit for top 1%: $671,594
Overall U.S. numbers
Lower limit for top 25%: $104,657
Lower limit for top 10%: $184,078
Lower limit for top 5%: $266,647
Lower limit for top 1%: $668,021
Methodology: For this piece GOBankingRates looked at Internal Revenue Service (IRS) data from the 2020 tax season and found each state's threshold for the top 25%, 10%, 5% and 1% of earners. Once these figures were isolated, GOBankingRates used the Bureau of Labor Statistics CPI inflation calculator to find each figure in 2023 dollars. All data was collected and is up to date as of July 27, 2023.
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This article originally appeared on GOBankingRates.com: Here’s How Much You Need To Earn To Rank in the Top 1%, 5% and 10% in Your State