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

The threshold for the top 1% of income in Montana is $416,874, about $122,000 less than the national figure. Tax filers in the top 1% earn an average of $1.1 million a year and pay $270,672 in income taxes. By comparison, the top 1% of earners nationwide report $1.7 million in income and $454,942 in federal income taxes.

The top 1% of earners in Nebraska make $9.2 billion cumulatively per year, or about 15.1% of all income in the state. Meanwhile, the bottom 25% of earners account for just 4.7% of all money earned.

As is the case nationwide, Nebraska’s 1% shoulder a disproportionate share of the tax burden, paying about 32.2% of all income federal taxes collected a year.

While in Nevada the income threshold for the top 1% is $469,326, below the national threshold of $538,926, the average income among the top 1% of earners is $1.9 million — above the $1.7 million national average. The top 1% of earners in Nevada account for 24.3% of all income in the state and 45.6% of all federal income taxes paid, the fifth and fourth largest such shares of any state.

The income threshold to be among the top 1% of earners in New Hampshire is $510,178, higher than in the majority of states. The average annual income among one-percenters in the state of $1.5 million is also higher than in most states. Across populations, incomes tend to rise with educational attainment, and in New Hampshire, 36.8% of adults have a bachelor’s degree, compared to the 32.6% share of adults nationwide.

New Jersey is one of only three states where the average annual income among taxpayers is over $100,000. It takes an annual income of over $700,000 to rank among the state’s top 1% of earners. Additionally, the top 1% cumulatively account for nearly 20% of all income in the state.

The state’s wealthiest residents also pay more in income taxes, accounting for nearly 35% of all federal income tax payments.