Special Report

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

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11. Hawaii
> Top 1% earn at least: $414,599 (13th lowest)
> Avg. income of the top 1%: $1,044,728 (14th lowest)
> Share of all income earned by the 1%: 14.1% (9th lowest)
> Avg. income among all tax filers: $74,204 (23rd lowest)

The top one percent in Hawaii earn a cumulative total of about $6.8 billion annually, or 14.1% of all income earned in the state. As is the case across the U.S. as a whole, the top 1% of earners in Hawaii the top 1% of earners in Hawaii pay a disproportionate share in taxes. The top 1% pay about $1.7 billion in federal income taxed annually, or 28.3% of the total amount collected in the state.

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12. Idaho
> Top 1% earn at least: $407,393 (10th lowest)
> Avg. income of the top 1%: $1,043,184 (13th lowest)
> Share of all income earned by the 1%: 15.2% (16th lowest)
> Avg. income among all tax filers: $68,702 (13th lowest)

Idaho is one of the lower-income states, with an average annual income among taxpayers of $68,702. It does not take as much money to rank among the wealthiest 1% in the state compared to much of the rest of the country. One-percenters in Idaho earn at least $407,393. In half of all states, the threshold is at least $450,000.

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13. Illinois
> Top 1% earn at least: $558,831 (9th highest)
> Avg. income of the top 1%: $1,639,367 (11th highest)
> Share of all income earned by the 1%: 19.2% (11th highest)
> Avg. income among all tax filers: $85,544 (13th highest)

It takes more to rank among the top 1% of earners in Illinois than in most other states. The 56,000 taxpayers in the state who comprise the 1% earn about $91.8 billion cumulatively per year, or 19.2% of all money made in the state. Illinois’s wealthiest residents also pay a disproportionately high share of taxes, accounting for 36.2% of federal income taxes collected in the state.

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14. Indiana
> Top 1% earn at least: $394,398 (8th lowest)
> Avg. income of the top 1%: $1,000,641 (8th lowest)
> Share of all income earned by the 1%: 14.8% (12th lowest)
> Avg. income among all tax filers: $67,732 (9th lowest)

Indiana residents must earn $394,398 annually to rank in the top 1% — the eighth lowest threshold of any state. The average member of the 1% in Indiana earns $1.0 million a year and pays $269,436 in federal income taxes, approximately $694,000 less in income and $186,000 less in federal income taxes than the national average for the 1%.

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15. Iowa
> Top 1% earn at least: $402,246 (9th lowest)
> Avg. income of the top 1%: $978,158 (7th lowest)
> Share of all income earned by the 1%: 13.4% (4th lowest)
> Avg. income among all tax filers: $73,171 (21st lowest)

The minimum income required to rank among the top 1% of earners in Iowa is $402,246, one of the lowest thresholds among states. Across populations, incomes tend to rise with educational attainment, and in Iowa, just 29.0% of adults have a bachelor’s degree, below the 32.6% share of adults nationwide. States with higher income thresholds for the wealthiest 1% also tend to have higher educational attainment.

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