Special Report
Income It Takes to Be Considered Rich in Your State
January 19, 2021 2:15 pm
Last Updated: January 19, 2021 2:20 pm
Colorado
> Annual income needed to be in the top 20% of earners: $147,217 per household (10th highest)
> Income controlled by highest 20% of earners: 49.3% (19th lowest)
> Min. annual income to be in the top 5%: $250,000+ per household (the highest – tied)
> Median household income: $77,127 (9th highest)
> Cost of living: 1.9% more expensive than US avg.
Connecticut
> Annual income needed to be in the top 20% of earners: $161,063 per household (5th highest)
> Income controlled by highest 20% of earners: 53.4% (2nd highest)
> Min. annual income to be in the top 5%: $250,000+ per household (the highest – tied)
> Median household income: $78,833 (6th highest)
> Cost of living: 6.1% more expensive than US avg.
Delaware
> Annual income needed to be in the top 20% of earners: $134,594 per household (15th highest)
> Income controlled by highest 20% of earners: 48.7% (14th lowest)
> Min. annual income to be in the top 5%: $235,059 per household (18th highest)
> Median household income: $70,176 (16th highest)
> Cost of living: 1.2% less expensive than US avg.
Florida
> Annual income needed to be in the top 20% of earners: $117,017 per household (21st lowest)
> Income controlled by highest 20% of earners: 51.9% (6th highest)
> Min. annual income to be in the top 5%: $226,319 per household (22nd highest)
> Median household income: $59,227 (17th lowest)
> Cost of living: 0.6% more expensive than US avg.
Georgia
> Annual income needed to be in the top 20% of earners: $122,832 per household (21st highest)
> Income controlled by highest 20% of earners: 51.4% (7th highest)
> Min. annual income to be in the top 5%: $233,979 per household (19th highest)
> Median household income: $61,980 (22nd lowest)
> Cost of living: 7.0% less expensive than US avg.