When Will You be a Top 1 Percent Earner?

As real estate investors, most of us have a goal to make enough money to be able to do what we want, whenever we want, for as long as we want. Not so different than the goal for most others in this country!

I, for one, have never cared that there is a 1 percent in this country, I simply decided that I’d like to get there. How? In fact, what qualifies as the top 1 percent of income in this country? Or even the top 1 percent in your state?

I read an interesting article on CNBC and I want to share the state-by-state highlights here so you can see where you fall as compared to other earners in your state.

I’m fascinated by how diverse the numbers are around the country. Here, in North Carolina, we’re pretty much right in the middle. If your goal is to be in the top 1 percent of income earners in your state, perhaps the easiest thing would be to move to Mississippi?

Here are the minimum household incomes needed to be in the top 1 percent in each state:

1. Connecticut: $700,800
2. District of Columbia: $598,155
3. New Jersey: $588,575
4. Massachusetts: $582,774
5. New York: $550,174
6. California: $514,694
7. Colorado: $458,576
8. Illinois: $456,377
9. Washington: $451,395
10. Maryland: $445,783
11. North Dakota: $445,415
12. Minnesota: $443,118
13. Texas: $440,758
14. Virginia: $425,144
15. Florida: $417,587
16. South Dakota: $407,406
17. Wyoming: $405,596
18. New Hampshire: $405,286
19. Alaska: $400,017
20. Pennsylvania: $388,593
21. Kansas: $375,344
22. Utah: $374,467
23. Georgia: $371,811
24. Nebraska: $363,310
25. Oregon: $358,937
26. Wisconsin: $349,905
27. Rhode Island: $346,657
28. North Carolina: $343,066
29. Nevada: $341,335
30. Delaware: $340,770
31. Ohio: $334,979
32. Oklahoma: $333,139
33. Tennessee: $332,913
34. Iowa: $331,572
35. Arizona: $331,074
36. Michigan: $328,649
37. Missouri: $326,839
38. Vermont: $321,969
39. Montana: $321,849
40. South Carolina: $318,463
41. Louisiana: $318,393
42. Indiana: $316,756
43. Idaho: $314,53
44. Hawaii: $310,5662
45. Maine: $303,897
46. Alabama: $297,564
47. Kentucky: $274,818
48. West Virginia: $258,078
49. New Mexico: $255,429
50. Arkansas: $255,050
51. Mississippi: $254,362

Source: Economic Policy Institute

Are you happy with where you stand? Surprised at how close or how far you are from the top? Thinking about moving?