(NEXSTAR) -The things needed to be “rich” may vary from person to person. It can own a house, make a lot of money, and find less than $ 4 per dozen in today’s world. But the definition of paper is easier, perhaps not as unreasonable as you want.
Reviewing data from the Social Security Bureau, Gobankingrates has recently determined that it is necessary to earn at least 794,129 a year to get 1 % of the top 1 % in the United States. This is about $ 66,180 a week. For comparison, the latest data from the United States Census Bureau has discovered that the average annual household income in 2023 is $ 80,610.
Although the excitement seems to be high, Gobankingrates pointed out that it was decreasing 3.3 % the previous year, saying that “the top 1 % of the earner has not experienced 99 % of wages.” It is shown.
Moving from 99 % to the top 1 % can be easier in some states than in other states.
2024 and 2025 Changing tax brackets, etc.: What should I know?
Gobankingrate shows that it takes the best income to be ranked into the most wealthy connecticut. There, you need to earn about $ 1,193,000 per year to get the top 1 %.
Because it is about 500 miles away in West Virginia, it is necessary to earn about one -third ($ 435,300) to rank up to the top 1 % of the states.
Only the other two states, which have a income threshold of less than $ 500,000, are Mississippi ($ 456,300) and New Mexico ($ 493,000). In addition to Connecticut, the four states had over 1 million income thresholds. Massachusetts ($ 1,153,000), California ($ 1,072,300), Washington ($ 1,025,000), and New Jersey ($ 1,010,100).
Even if you don’t get a raise, your salary may grow in 2025
Use the following interactive table to see if you have earned enough to get the top 1 % of the state.
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If the top 1 % feel unreasonable, it may be better to land at the top 10 %. Nationwide, the bottom of the ear earner’s rank is only $ 148,812.
The excitement of these income is slightly shifted compared to the same report by SMARTASSET in 2023.
The five states, which have the highest income, were almost the same as Gobankingrates analysis, but were in a slightly different order.
Connecticut: $ 955,300 Massachusetsu: $ 896,900 New Jersey: $ 825,965 New York: $ 817,796 California: $ 805,519
West Virginia has been ranked to states, the lowest in the survey. The salary of only $ 374,700 will be the top 1 % of the state, according to the 2023 report.
For comparison, the latest data from the United States Census Bureau indicates that the median of the wealth of households nationwide was $ 176,500. One in 10 households had over $ 1.6 million wealth.
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