Special Report

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

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6. Colorado
> Top 1% earn at least: $563,672 (8th highest)
> Avg. income of the top 1%: $1,554,182 (12th highest)
> Share of all income earned by the 1%: 17.6% (15th highest)
> Avg. income among all tax filers: $88,153 (11th highest)

In Colorado, residents need to earn at least $563,672 a year to rank in the top 1% of earners. The state 1% income threshold is nearly $25,000 more than the national threshold and the eighth highest of any state. One factor pushing incomes higher in Colorado is likely high educational attainment. Among adults in the state, 41.7% have at least a bachelor’s degree, the second largest share of any state.

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7. Connecticut
> Top 1% earn at least: $827,194 (the highest)
> Avg. income of the top 1%: $3,060,989 (the highest)
> Share of all income earned by the 1%: 27.0% (4th highest)
> Avg. income among all tax filers: $113,570 (the highest)

Connecticut residents must earn at least $827,194 a year to rank in the top 1% of earners, the highest threshold of any state. Connecticut’s wealthiest earners also have the largest tax burden in the country. The average filer in the top 1% earns $3.1 million and pays $825,611 in federal income taxes, each the largest such figure of any state.

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8. Delaware
> Top 1% earn at least: $440,228 (23rd lowest)
> Avg. income of the top 1%: $1,069,994 (17th lowest)
> Share of all income earned by the 1%: 14.1% (7th lowest)
> Avg. income among all tax filers: $76,151 (23rd highest)

Delaware residents who earn at least $440,228 a year are among the top 1% of earners in the state. Among the state’s wealthiest 1%, the average annual income is $1.1 million. Among the state’s wealthiest 1%, the average annual income is $1.1 million, 14 times the average annual income across all taxpayers in Delaware of just $76,151.

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9. Florida
> Top 1% earn at least: $581,682 (7th highest)
> Avg. income of the top 1%: $2,347,180 (5th highest)
> Share of all income earned by the 1%: 28.4% (2nd highest)
> Avg. income among all tax filers: $82,535 (14th highest)

Individuals in Florida must earn at least $581,682 a year to rank in the top 1%, the seventh highest threshold of any state. The top 1% of earners in Florida account for 28.4% of all income in the state — the second largest such share — and pay 50.3% of all federal income taxes, the largest share in the country.

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10. Georgia
> Top 1% earn at least: $501,914 (15th highest)
> Avg. income of the top 1%: $1,420,732 (15th highest)
> Share of all income earned by the 1%: 19.0% (12th highest)
> Avg. income among all tax filers: $74,744 (24th highest)

The threshold to be in the top 1% of earners in Georgia is an annual income of $501,914, the 15th highest of any state. The top 1% of earners in Georgia account for 19.0% of all income and 36.3% of all federal income taxes, each the 12th largest such share of any state.

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