Special Report

Income It Takes to Be Considered Rich in Every State

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Massachusetts
> Annual income needed to be in the top 20% of earners: $171,613 per household (2nd highest)
> Income controlled by highest 20% of earners: 50.9% (14th highest)
> Min. annual income to be in the top 5%: $250,000+ per household (the highest – tied)
> Median household income: $85,843 (2nd highest)
> Cost of living: 9.7% more expensive than US avg.

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Michigan
> Annual income needed to be in the top 20% of earners: $115,802 per household (20th lowest)
> Income controlled by highest 20% of earners: 50.0% (24th highest)
> Min. annual income to be in the top 5%: $209,099 per household (22nd lowest)
> Median household income: $59,584 (19th lowest)
> Cost of living: 7.6% less expensive than US avg.

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Minnesota
> Annual income needed to be in the top 20% of earners: $138,273 per household (13th highest)
> Income controlled by highest 20% of earners: 48.2% (11th lowest)
> Min. annual income to be in the top 5%: $244,552 per household (13th highest)
> Median household income: $74,593 (13th highest)
> Cost of living: 2.5% less expensive than US avg.

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Mississippi
> Annual income needed to be in the top 20% of earners: $94,744 per household (the lowest)
> Income controlled by highest 20% of earners: 52.0% (4th highest)
> Min. annual income to be in the top 5%: $172,337 per household (2nd lowest)
> Median household income: $45,792 (the lowest)
> Cost of living: 14.0% less expensive than US avg.

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Missouri
> Annual income needed to be in the top 20% of earners: $111,802 per household (13th lowest)
> Income controlled by highest 20% of earners: 49.9% (25th highest)
> Min. annual income to be in the top 5%: $201,541 per household (15th lowest)
> Median household income: $57,409 (13th lowest)
> Cost of living: 11.2% less expensive than US avg.