{"id":1633,"date":"2018-09-15T13:04:04","date_gmt":"2018-09-15T13:04:04","guid":{"rendered":"https:\/\/wcginc.com\/?p=1633"},"modified":"2026-01-26T16:37:18","modified_gmt":"2026-01-26T16:37:18","slug":"top-income-earnings-by-state","status":"publish","type":"post","link":"https:\/\/wcginc.com\/blog\/top-income-earnings-by-state\/","title":{"rendered":"Top Earnings By State"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column]\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-68b5b39f54910\" class=\" wd-rs-68b5b39f54910 wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none border-btm-title \">\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><\/p>\n<div class=\"overview\">\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>The U.S. is experiencing record wealth and low unemployment, but <b>income growth is heavily skewed toward the top 1%<\/b>.<\/li>\n<li>From 1973\u20132007, the <b>top 1% saw a 216% income increase<\/b>, while the rest of earners grew just 15%.<\/li>\n<li>Families earning <b>$422,000+ annually<\/b> are generally in the top 1% nationally, though thresholds vary by state.<\/li>\n<li>States with the <b>highest top-1% thresholds<\/b> include Connecticut, New Jersey, Massachusetts, New York, and California.<\/li>\n<li>States with the <b>lowest top-1% thresholds<\/b> include Mississippi, Arkansas, New Mexico, and West Virginia.<\/li>\n<li><b>Income inequality is linked<\/b> to declining unionization, stagnant minimum wages, and rising CEO pay.<\/li>\n<li><b>Wealthier Americans grow wealth faster<\/b> via investments and asset ownership like stocks and real estate.<\/li>\n<li>States with <b>high top-1% incomes<\/b> also generally have higher rates of college graduates, reinforcing wealth concentration.<\/li>\n<\/ul>\n<p>Nationally, the <b>average top-1% income is $1.3 million<\/b>, about 26 times the average of the bottom 99%.<\/p>\n<\/div>\n<p>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-67334263705b4\" class=\" wd-rs-67334263705b4 wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none border-btm-title img-right \">\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><p><img decoding=\"async\" class=\"alignnone size-medium wp-image-23697\" src=\"https:\/\/wcginc.com\/wp-content\/uploads\/rave-300x183.jpg\" alt=\"\" width=\"300\" height=\"183\" srcset=\"https:\/\/wcginc.com\/wp-content\/uploads\/rave-300x183.jpg 300w, https:\/\/wcginc.com\/wp-content\/uploads\/rave.jpg 328w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>This is reprinted from a recent\u00a0<a href=\"https:\/\/usat.ly\/2Nd0KTP\" target=\"_blank\" rel=\"noopener\">USA Today Article<\/a>:<\/p>\n<p>The United States is enjoying an era of unprecedented wealth and prosperity. Economic output and household incomes are at all-time highs, while unemployment is at its lowest level in well over a decade. However, the growth has not benefited all Americans equally, and in much of the country, wealth is becoming increasingly concentrated in the hands of a few.<\/p>\n<p>From the end of World War II through the early 1970s, the average income growth of the bottom ninety-nine percent of earners roughly tripled the 34 percent growth rate among the wealthiest one percent.<\/p>\n<p>Since, however, the strengthening of the middle class has ground nearly to a halt, while the wealth of the one percent has grown exponentially.<\/p>\n<p>The average income for the top one percent spiked by 216.4 percent from 1973 to 2007, but it increased by just 15.4 percent for all other earners. From 2009 to 2015, the average income for the wealthiest Americans grew by 33.9 percent, more than triple the income growth of 10.3 percent among the remaining ninety-nine percent.<\/p>\n<p>Today, more so than in the decades immediately following World War II, being among the top earners not only helps ensure a comfortable life, but also greatly increases earning potential and the ability to amass a fortune.<\/p>\n<p>Any family earning at least $422,000 a year ranks among the top one percent of earners nationwide. However, as income levels vary by state so too does the amount it takes to be a one-percenter.<\/p>\n<p>24\/7 Wall Street reviewed data compiled by the Economic Policy Institute, a nonprofit nonpartisan think tank, to identify the minimum income threshold of the top one percent of earners in each state.<\/p>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-673342921f3ce\" class=\" wd-rs-673342921f3ce wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none border-btm-title \">\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t<h2 class=\"info-box-title title wd-font-weight-800 box-title-style-default font-primary wd-fontsize-m\"><span class=\"ez-toc-section\" id=\"Top_Income_Earnings_Low_to_High\"><\/span>Top Income Earnings Low to High<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><\/p>\n<ol start=\"50\">\n<li><strong>Mississippi<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$254,362<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$580,461<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$35,353<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a021.8 percent<\/li>\n<\/ul>\n<ol start=\"49\">\n<li><strong>Arkansas<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$255,050<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$864,772<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$38,472<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a022.4 percent<\/li>\n<\/ul>\n<ol start=\"48\">\n<li><strong>New Mexico<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$255,429<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$615,082<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$39,675<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a027.2 percent<\/li>\n<\/ul>\n<ol start=\"47\">\n<li><strong>West Virginia<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$258,078<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$535,648<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$34,987<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a020.8 percent<\/li>\n<\/ul>\n<ol start=\"46\">\n<li><strong>Kentucky<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$274,818<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$719,012<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$38,990<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a023.4 percent<\/li>\n<\/ul>\n<ol start=\"45\">\n<li><strong>Alabama<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$297,564<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$743,644<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$38,587<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a024.7 percent<\/li>\n<\/ul>\n<ol start=\"44\">\n<li><strong>Maine<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$303,897<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$655,870<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$42,575<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a030.1 percent<\/li>\n<\/ul>\n<ol start=\"43\">\n<li><strong>Hawaii<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$310,566<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$797,001<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$57,987<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a031.9 percent<\/li>\n<\/ul>\n<ol start=\"42\">\n<li><strong>Idaho<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$314,532<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$829,268<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$47,727<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a027.6 percent<\/li>\n<\/ul>\n<ol start=\"41\">\n<li><strong>Indiana<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$316,756<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$804,275<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$46,501<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a025.6 percent<\/li>\n<\/ul>\n<ol start=\"40\">\n<li><strong>Louisiana<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$318,393<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$814,386<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$45,060<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a023.4 percent<\/li>\n<\/ul>\n<ol start=\"39\">\n<li><strong>South Carolina<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$318,463<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$761,185<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$38,646<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a027.2 percent<\/li>\n<\/ul>\n<ol start=\"38\">\n<li><strong>Montana<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$321,849<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$855,976<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$45,197<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a031.0 percent<\/li>\n<\/ul>\n<ol start=\"37\">\n<li><strong>Vermont<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$321,969<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$816,579<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$50,283<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a036.4 percent<\/li>\n<\/ul>\n<ol start=\"36\">\n<li><strong>Missouri<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$326,839<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$944,804<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$44,650<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a028.5 percent<\/li>\n<\/ul>\n<ol start=\"35\">\n<li><strong>Michigan<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$328,649<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$917,701<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$42,825<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a028.3 percent<\/li>\n<\/ul>\n<ol start=\"34\">\n<li><strong>Arizona<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$331,074<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$882,657<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$42,000<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a028.9 percent<\/li>\n<\/ul>\n<ol start=\"33\">\n<li><strong>Iowa<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$331,572<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$788,419<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$53,753<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a028.4 percent<\/li>\n<\/ul>\n<ol start=\"32\">\n<li><strong>Tennessee<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$332,913<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$947,021<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$44,219<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a026.1 percent<\/li>\n<\/ul>\n<ol start=\"31\">\n<li><strong>Oklahoma<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$333,139<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$932,520<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$52,533<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a025.2 percent<\/li>\n<\/ul>\n<ol start=\"30\">\n<li><strong>Ohio<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$334,979<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$858,965<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$46,157<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a027.5 percent<\/li>\n<\/ul>\n<ol start=\"29\">\n<li><strong>Delaware<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$340,770<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$869,461<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$51,049<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a031.0 percent<\/li>\n<\/ul>\n<ol start=\"28\">\n<li><strong>Nevada<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$341,335<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$1,354,780<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$41,470<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a023.5 percent<\/li>\n<\/ul>\n<ol start=\"27\">\n<li><strong>North Carolina<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$343,066<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$902,972<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$43,850<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a030.4 percent<\/li>\n<\/ul>\n<ol start=\"26\">\n<li><strong>Rhode Island<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$346,657<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$928,204<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$50,963<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a034.1 percent<\/li>\n<\/ul>\n<ol start=\"25\">\n<li><strong>Wisconsin<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$349,905<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$964,358<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$50,953<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a029.5 percent<\/li>\n<\/ul>\n<ol start=\"24\">\n<li><strong>Oregon<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$358,937<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$908,898<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$46,090<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a032.7 percent<\/li>\n<\/ul>\n<ol start=\"23\">\n<li><strong>Nebraska<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$363,310<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$945,869<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$58,013<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a031.4 percent<\/li>\n<\/ul>\n<ol start=\"22\">\n<li><strong>Georgia<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$371,811<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$995,576<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$44,147<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a030.5 percent<\/li>\n<\/ul>\n<ol start=\"21\">\n<li><strong>Utah<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$374,467<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$1,057,066<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$53,614<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a032.6 percent<\/li>\n<\/ul>\n<ol start=\"20\">\n<li><strong>Kansas<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$375,344<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$1,034,676<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$56,628<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a032.8 percent<\/li>\n<\/ul>\n<ol start=\"19\">\n<li><strong>Pennsylvania<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$388,593<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$1,100,962<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$50,830<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a030.8 percent<\/li>\n<\/ul>\n<ol start=\"18\">\n<li><strong>Alaska<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$400,017<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$910,059<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$71,876<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a029.6 percent<\/li>\n<\/ul>\n<ol start=\"17\">\n<li><strong>New Hampshire<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$405,286<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$1,134,101<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$62,796<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a036.6 percent<\/li>\n<\/ul>\n<ol start=\"16\">\n<li><strong>Wyoming<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$405,596<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$1,900,659<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$60,922<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a027.1 percent<\/li>\n<\/ul>\n<ol start=\"15\">\n<li><strong>South Dakota<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$407,406<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$1,130,048<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$56,610<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a028.9 percent<\/li>\n<\/ul>\n<ol start=\"14\">\n<li><strong>Florida<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$417,587<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$1,543,124<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$39,094<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a028.6 percent<\/li>\n<\/ul>\n<ol start=\"13\">\n<li><strong>Virginia<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$425,144<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$1,109,984<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$62,844<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a038.1 percent<\/li>\n<\/ul>\n<ol start=\"12\">\n<li><strong>Texas<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$440,758<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$1,343,897<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$55,614<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a028.9 percent<\/li>\n<\/ul>\n<ol start=\"11\">\n<li><strong>Minnesota<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$443,118<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$1,185,581<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$56,728<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a034.8 percent<\/li>\n<\/ul>\n<ol start=\"10\">\n<li><strong>North Dakota<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$445,415<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$1,080,845<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$68,316<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a029.6 percent<\/li>\n<\/ul>\n<ol start=\"9\">\n<li><strong>Maryland<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$445,783<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$1,135,718<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$63,656<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a039.3 percent<\/li>\n<\/ul>\n<ol start=\"8\">\n<li><strong>Washington<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$451,395<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$1,383,223<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$57,100<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a035.1 percent<\/li>\n<\/ul>\n<ol start=\"7\">\n<li><strong>Illinois<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$456,377<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$1,412,024<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$52,216<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a034.0 percent<\/li>\n<\/ul>\n<ol start=\"6\">\n<li><strong>Colorado<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$458,576<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$1,261,053<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$61,165<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a039.9 percent<\/li>\n<\/ul>\n<ol start=\"5\">\n<li><strong>California<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$514,694<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$1,693,094<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$55,152<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a032.9 percent<\/li>\n<\/ul>\n<ol start=\"4\">\n<li><strong>New York<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$550,174<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$2,202,480<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$49,617<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a035.7 percent<\/li>\n<\/ul>\n<ol start=\"3\">\n<li><strong>Massachusetts<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$582,774<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$1,904,805<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$61,694<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a042.7 percent<\/li>\n<\/ul>\n<ol start=\"2\">\n<li><strong>New Jersey<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$588,575<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$1,581,829<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$65,068<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a038.6 percent<\/li>\n<\/ul>\n<ol>\n<li><strong>Connecticut<\/strong><\/li>\n<\/ol>\n<ul>\n<li><strong>Top 1 percent earn at least:<\/strong>\u00a0$700,800<br \/>\n<strong>\u2022 Avg. income of top 1 percent:<\/strong>\u00a0$2,522,806<br \/>\n<strong>\u2022 Avg. income of bottom 99 percent:<\/strong>\u00a0$67,742<br \/>\n<strong>\u2022 Adults with a bachelor\u2019s degree:<\/strong>\u00a038.6 percent<\/li>\n<\/ul>\n<p>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t<style><\/style>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-6890dd91974a7\" class=\" wd-rs-6890dd91974a7 wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none border-btm-title \">\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t<h2 class=\"info-box-title title wd-font-weight-800 box-title-style-default font-primary wd-fontsize-m\"><span class=\"ez-toc-section\" id=\"Methodology\"><\/span>Methodology<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><p>According to the Economic Policy Institute, growing income inequality is attributable to a number of factors. In earlier decades of the last century, strong unionization in industries like manufacturing, construction, and transportation, and a regularly rising minimum wage coupled with a cultural and legal environment that capped executive compensation helped ensure favorable wage growth for the vast majority of Americans.<\/p>\n<p>Today, many of those conditions no longer exist and union participation has hit lows not seen since before the Great Depression, the federal minimum wage has less buying power than it did half a century ago, and CEO compensation has increased exponentially in recent decades.<\/p>\n<p>Through investments and ownership of assets such as real estate and company stocks, wealthier Americans are able to expand their wealth far faster than those of lesser means.<\/p>\n<p>The states with the highest thresholds of what it takes to be in the one percent also generally have the greatest degree of income inequality. In New York, a state where the one percent earns at least $550,174 a year, the average income among one percenters is $2.2 million \u2013 44 times the average income of $49,617 among the bottom ninety-nine percent. No state has greater inequality. For comparison, the average one percenter on a national scale earns $1.3 million a year, 26.3 times the average income of $50,107 among the remaining ninety-nine percent.<\/p>\n<p>The states with the wealthiest one-percenters \u2013 generally the same states with the greatest income inequality \u2013 tend to have higher educational attainment rates. College graduates are more likely to earn higher incomes, but access to a four-year college degree can depend largely on family incomes. This structure serves to reinforce the concentration of wealth at the top.<\/p>\n<p>Of the 10 states with the highest income threshold for the top one percent, nine are home to a larger than typical share of adults with a bachelor\u2019s degree than the national share. Similarly, nine of the 10 states with the lowest income threshold for the top one percent have a lower bachelor\u2019s degree attainment rate than the comparable national rate of 31.3 percent.<\/p>\n<p>To identify the annual income necessary to be in the top 1 percent of earners in each state, 24\/7 Wall Street reviewed \u201cThe New Gilded Age: Income Inequality in the U.S. by State,\u201d an\u00a0<a href=\"https:\/\/www.epi.org\/\" target=\"_blank\" rel=\"noopener\">Economic Policy Institute<\/a>\u00a0report published in July 2018. Income figures are from the IRS and are for tax units \u2013 which could be a single adult or married couple \u2013 and are for 2015. The share of adults with a bachelor\u2019s degree came from the\u00a0<a href=\"https:\/\/www.census.gov\/programs-surveys\/acs\/\" target=\"_blank\" rel=\"noopener\">U.S. Census Bureau\u2019s American Community Survey<\/a>\u00a0and are for 2016.<\/p>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t<style><\/style>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-68b5b54b4d0e4\" class=\" wd-rs-68b5b54b4d0e4 wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none border-btm-title faqs-wrap \">\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t<h2 class=\"info-box-title title box-title-style-default wd-fontsize-m\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span>Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_income_qualifies_for_the_top_1_nationally\"><\/span>What income qualifies for the top 1% nationally?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>About $422,000 per year.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_states_have_the_highest_income_threshold_for_the_top_1\"><\/span>Which states have the highest income threshold for the top 1%?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Connecticut, New Jersey, Massachusetts, New York, and California.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_states_have_the_lowest_income_threshold_for_the_top_1\"><\/span>Which states have the lowest income threshold for the top 1%?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Mississippi, Arkansas, New Mexico, and West Virginia.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_income_inequality_increasing\"><\/span>Why is income inequality increasing?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Factors include lower union participation, stagnant minimum wages, and rising CEO compensation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_has_the_top_1_income_grown_since_the_1970s\"><\/span>How much has the top 1% income grown since the 1970s?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Around 216% from 1973 to 2007.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_have_incomes_grown_for_the_bottom_99\"><\/span>How much have incomes grown for the bottom 99%?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>About 15% over the same period.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Does_higher_education_impact_income\"><\/span>Does higher education impact income?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Yes, states with more college graduates often have higher top-1% income levels.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_more_does_the_top_1_earn_compared_to_the_bottom_99_nationally\"><\/span>How much more does the top 1% earn compared to the bottom 99% nationally?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Roughly 26 times more.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_wealth_grow_faster_than_income\"><\/span>Can wealth grow faster than income?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Yes, through investments in stocks, real estate, and business ownership.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_income_inequality_consistent_across_all_states\"><\/span>Is income inequality consistent across all states?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>No, it varies widely, with the greatest gaps in states with high top-1% incomes.<\/p>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t[\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][\/vc_column][\/vc_row]<\/p>\n","protected":false},"author":6,"featured_media":21067,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-1633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Top Income Earnings By State - WCG CPAs &amp; Advisors<\/title>\n<meta name=\"description\" content=\"Want to know how your income stacks up against your peers in your home state? 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Here is a list of then top income earnings by state.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wcginc.com\/blog\/top-income-earnings-by-state\/","og_locale":"en_US","og_type":"article","og_title":"Top Earnings By State","og_description":"Want to know how your income stacks up against your peers in your home state? Here is a list of then top income earnings by state.","og_url":"https:\/\/wcginc.com\/blog\/top-income-earnings-by-state\/","og_site_name":"WCG CPAs &amp; Advisors","article_published_time":"2018-09-15T13:04:04+00:00","article_modified_time":"2026-01-26T16:37:18+00:00","og_image":[{"width":300,"height":183,"url":"https:\/\/wcginc.com\/wp-content\/uploads\/WCG-Placeholder-h-300x183-1.jpg","type":"image\/jpeg"}],"author":"Jason Watson","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Jason Watson","Est. reading time":"13 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/wcginc.com\/blog\/top-income-earnings-by-state\/#article","isPartOf":{"@id":"https:\/\/wcginc.com\/blog\/top-income-earnings-by-state\/"},"author":{"name":"Jason Watson","@id":"https:\/\/wcginc.com\/#\/schema\/person\/0225b77adcec813c7746e7806e0482f9"},"headline":"Top Earnings By State","datePublished":"2018-09-15T13:04:04+00:00","dateModified":"2026-01-26T16:37:18+00:00","mainEntityOfPage":{"@id":"https:\/\/wcginc.com\/blog\/top-income-earnings-by-state\/"},"wordCount":2789,"publisher":{"@id":"https:\/\/wcginc.com\/#organization"},"image":{"@id":"https:\/\/wcginc.com\/blog\/top-income-earnings-by-state\/#primaryimage"},"thumbnailUrl":"https:\/\/wcginc.com\/wp-content\/uploads\/WCG-Placeholder-h-300x183-1.jpg","articleSection":["Blog"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/wcginc.com\/blog\/top-income-earnings-by-state\/","url":"https:\/\/wcginc.com\/blog\/top-income-earnings-by-state\/","name":"Top Income Earnings By State - WCG CPAs & Advisors","isPartOf":{"@id":"https:\/\/wcginc.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wcginc.com\/blog\/top-income-earnings-by-state\/#primaryimage"},"image":{"@id":"https:\/\/wcginc.com\/blog\/top-income-earnings-by-state\/#primaryimage"},"thumbnailUrl":"https:\/\/wcginc.com\/wp-content\/uploads\/WCG-Placeholder-h-300x183-1.jpg","datePublished":"2018-09-15T13:04:04+00:00","dateModified":"2026-01-26T16:37:18+00:00","description":"Want to know how your income stacks up against your peers in your home state? 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