How Much You Need to Make to Be in the 1% in Every State

South Dakota residents earning $455,582 per year or more are among the highest earning 1% in the state. The one-percenters in the state cumulatively account for 17% of all income. Meanwhile, the bottom 25% of earners account for just 0.6% of all income.

Tennessee residents who earn at least $441,531 are among the top 1% of earners in the state. The average income among the state’s one-percenters is $1.2 million, a higher average than in most states. Cumulatively, the state’s one-percenters earn 17.8% of all income. Meanwhile, the bottom 25% earn just 0.3% of all income.

While the average annual income among all tax filers in Texas is about the same as the average nationwide — at $81,734 compared to $82,535, respectively — the top 1% of earners are among the wealthiest of any state. The income threshold for the top 1% in Texas is $550,748, the 10th highest of any state. The average income of those in the top 1% is $1.8 million, higher than the $1.7 million national average and the ninth highest of any state.

The income threshold to rank in the top 1% of earners in Utah is $469,198, about $70,000 less than the national threshold. The average one-percenter in Utah earns $1.4 million a year, less than the $1.7 million national average.

While Vermont is one of the most educated states — 38.7% of adults have a bachelor’s degree, the seventh largest share — incomes in the state are relatively low. The average tax filer earns $71,068 a year, approximately $11,000 less than the national average. To qualify for the top 1%, an individual would need to make at least $407,661 a year, about $131,000 less than the national cutoff for the 1%.