Special Report

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

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46. Virginia
> Top 1% earn at least: $529,094 (12th highest)
> Avg. income of the top 1%: $1,390,139 (17th highest)
> Share of all income earned by the 1%: 15.7% (22nd lowest)
> Avg. income among all tax filers: $88,486 (10th highest)

While Virginia is one of the wealthiest states — the average income among tax filers is $88,486 compared to a national average of $82,535 — the threshold for the 1% is lower than it is for the United States as a whole. The income floor for the 1% in Virginia is $529,094, approximately $10,000 less than the national figure of $538,926.

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47. Washington
> Top 1% earn at least: $585,748 (6th highest)
> Avg. income of the top 1%: $1,756,011 (10th highest)
> Share of all income earned by the 1%: 18.7% (13th highest)
> Avg. income among all tax filers: $94,129 (6th highest)

Washington is one of the wealthiest states in the country. The average annual income among tax filers is $94,129, about $12,000 more than the national average income and sixth highest of any state. To be considered in the top 1% of earners, individuals must have a reported income of at least $585,748 — more than the national average of $538,926 and the sixth highest threshold of any state.

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48. West Virginia
> Top 1% earn at least: $318,831 (the lowest)
> Avg. income of the top 1%: $651,628 (the lowest)
> Share of all income earned by the 1%: 11.1% (the lowest)
> Avg. income among all tax filers: $58,481 (2nd lowest)

West Virginia is one of the poorest states in the country. Some 17.8% of residents live in poverty, the fourth highest poverty rate nationwide, and the average tax filer has a reported income of $58,481, the second lowest of any state. To be considered among the top 1% of earners in West Virginia, individuals need an income of $318,831 — approximately $220,000 less than the national figure and the lowest threshold of any state.

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49. Wisconsin
> Top 1% earn at least: $428,490 (19th lowest)
> Avg. income of the top 1%: $1,125,867 (20th lowest)
> Share of all income earned by the 1%: 15.2% (15th lowest)
> Avg. income among all tax filers: $74,199 (22nd lowest)

In Wisconsin, individuals need to earn at $428,490 to rank in the top 1% of earners, about $110,000 less than the national threshold of $538,926. The average annual income among tax filers in the top 1% is $1.1 million, far less than the $1.7 million national figure.

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50. Wyoming
> Top 1% earn at least: $478,292 (17th highest)
> Avg. income of the top 1%: $2,501,169 (4th highest)
> Share of all income earned by the 1%: 27.6% (3rd highest)
> Avg. income among all tax filers: $90,663 (7th highest)

To rank in the top 1% of earners in Wisconsin, individuals need to make $478,292 a year — approximately $60,000 less than the national threshold of $538,926. While the threshold is lower, the state’s one-percenters are wealthier than the top 1% of earners in most states. The average one-percenter in Wyoming earns $2.5 million a year, far more than the $1.7 million national average and the fourth most of any state.

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