Here’s how much you need to earn to be in the top 1% in each US state

Connecticut had the highest 1% income floor, at $1,056,996 in annual income.

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SmartAsset determined the income needed to be in the top 1% in each US state.
In 2025, the top 1% comprises about 1.5 million households.
On average, it takes an annual income of $731,492 to be in the top 1% across states.

Have you ever wondered how much money the 1% makes?

While the ultrawealthy often hold their fortune in a mix of assets, the salary earned by the top 1% is still sizable — but it might vary largely depending on which state you look at.

While earning $416,310 a year puts you in the top 1% of earners in West Virginia, it takes over a million dollars to be in the top 1% in Connecticut.

A recent SmartAsset study calculated the income needed — or the income floor — to be in the top 1% of earners in each US state, using 2022 IRS tax return data for individual tax filers adjusted to May 2025 dollars using the Bureau of Labor Statistics‘ Consumer Price Index.

The study, which was released in July, also calculated the number of 2022 tax returns for each state that would be considered in the top 1% of earners.

Here’s how each US state fared.

Alabama

Income floor for top 1% of earners: $532,600

Number of top 1% returns: 20,185

Alaska

Income floor for top 1% of earners: $586,381

Number of top 1% returns: 3,223

Arizona

Income floor for top 1% of earners: $641,262

Number of top 1% returns: 31,872

Arkansas

Income floor for top 1% of earners: $517,761

Number of top 1% returns: 12,198

California

Income floor for top 1% of earners: $905,396

Number of top 1% returns: 175,045

Colorado

Income floor for top 1% of earners: $772,989

Number of top 1% returns: 27,685

Connecticut

Income floor for top 1% of earners: $1,056,996

Number of top 1% returns: 16,917

Delaware

Income floor for top 1% of earners: $578,580

Number of top 1% returns: 4,726

Florida

Income floor for top 1% of earners: $859,381

Number of top 1% returns: 105,101

Georgia

Income floor for top 1% of earners: $662,821

Number of top 1% returns: 46,220

Hawaii

Income floor for top 1% of earners: $561,147

Number of top 1% returns: 6,472

Idaho

Income floor for top 1% of earners: $627,839

Number of top 1% returns: 8,145

Illinois

Income floor for top 1% of earners: $731,202

Number of top 1% returns: 56,794

Indiana

Income floor for top 1% of earners: $531,332

Number of top 1% returns: 30,120

Iowa

Income floor for top 1% of earners: $554,046

Number of top 1% returns: 13,821

Kansas

Income floor for top 1% of earners: $609,946

Number of top 1% returns: 12,643

Kentucky

Income floor for top 1% of earners: $496,281

Number of top 1% returns: 18,395

Louisiana

Income floor for top 1% of earners: $551,125

Number of top 1% returns: 18,593

Maine

Income floor for top 1% of earners: $550,936

Number of top 1% returns: 6,618

Maryland

Income floor for top 1% of earners: $677,543

Number of top 1% returns: 29,040

Massachusetts

Income floor for top 1% of earners: $965,170

Number of top 1% returns: 32,795

Michigan

Income floor for top 1% of earners: $561,582

Number of top 1% returns: 45,218

Minnesota

Income floor for top 1% of earners: $671,408

Number of top 1% returns: 26,423

Mississippi

Income floor for top 1% of earners: $439,479

Number of top 1% returns: 11,731

Missouri

Income floor for top 1% of earners: $559,043

Number of top 1% returns: 26,898

Montana

Income floor for top 1% of earners: $656,830

Number of top 1% returns: 5,101

Nebraska

Income floor for top 1% of earners: $603,899

Number of top 1% returns: 8,660

Nevada

Income floor for top 1% of earners: $703,713

Number of top 1% returns: 14,754

New Hampshire

Income floor for top 1% of earners: $735,374

Number of top 1% returns: 6,796

New Jersey

Income floor for top 1% of earners: $901,082

Number of top 1% returns: 43,042

New Mexico

Income floor for top 1% of earners: $451,639

Number of top 1% returns: 9,310

New York

Income floor for top 1% of earners: $891,640

Number of top 1% returns: 91,840

North Carolina

Income floor for top 1% of earners: $640,783

Number of top 1% returns: 46,525

North Dakota

Income floor for top 1% of earners: $695,759

Number of top 1% returns: 3,431

Ohio

Income floor for top 1% of earners: $550,724

Number of top 1% returns: 53,103

Oklahoma

Income floor for top 1% of earners: $544,679

Number of top 1% returns: 16,106

Oregon

Income floor for top 1% of earners: $603,006

Number of top 1% returns: 19,053

Pennsylvania

Income floor for top 1% of earners: $655,636

Number of top 1% returns: 58,541

Rhode Island

Income floor for top 1% of earners: $603,162

Number of top 1% returns: 5,224

South Carolina

Income floor for top 1% of earners: $580,600

Number of top 1% returns: 23,203

South Dakota

Income floor for top 1% of earners: $687,190

Number of top 1% returns: 4,062

Tennessee

Income floor for top 1% of earners: $638,299

Number of top 1% returns: 30,531

Texas

Income floor for top 1% of earners: $743,955

Number of top 1% returns: 128,130

Utah

Income floor for top 1% of earners: $690,548

Number of top 1% returns: 13,991

Vermont

Income floor for top 1% of earners: $583,559

Number of top 1% returns: 3,123

Virginia

Income floor for top 1% of earners: $701,792

Number of top 1% returns: 39,103

Washington

Income floor for top 1% of earners: $819,101

Number of top 1% returns: 35,597

West Virginia

Income floor for top 1% of earners: $416,310

Number of top 1% returns: 7,316

Wisconsin

Income floor for top 1% of earners: $566,711

Number of top 1% returns: 27,293

Wyoming

Income floor for top 1% of earners: $771,369

Number of top 1% returns: 2,611

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