Income threshold of top 1% and top .01%, and average income of top .01%, U.S. and by state and region, 2012
| Rank (by average income of top .01%) | State/region | Income threshold of top 1% | Income threshold of top .01% | Average income of top .01% |
|---|---|---|---|---|
| 1 | Wyoming | $388,339 | $25,091,848 | $368,823,036 |
| 2 | Connecticut | $677,608 | $21,182,598 | $83,891,599 |
| 3 | New York | $506,051 | $16,962,741 | $69,619,330 |
| 4 | Nevada | $306,498 | $12,013,471 | $57,684,623 |
| 5 | Massachusetts | $532,328 | $13,959,144 | $49,729,141 |
| 6 | California | $437,575 | $12,455,195 | $47,532,949 |
| 7 | Florida | $378,342 | $11,755,699 | $45,325,718 |
| 8 | Texas | $423,099 | $11,570,378 | $41,586,204 |
| 9 | North Dakota | $502,393 | $11,490,500 | $36,568,024 |
| 10 | Colorado | $405,348 | $10,213,488 | $36,284,155 |
| 11 | Washington | $378,569 | $9,659,716 | $34,885,559 |
| 12 | Illinois | $424,473 | $10,211,642 | $33,727,697 |
| 13 | New Jersey | $538,666 | $10,931,922 | $32,091,153 |
| 14 | New Hampshire | $365,186 | $8,905,817 | $31,734,092 |
| 15 | Arkansas | $228,298 | $6,761,754 | $30,839,902 |
| 16 | Oklahoma | $328,072 | $8,371,194 | $28,439,334 |
| 17 | South Dakota | $404,010 | $9,084,338 | $28,176,830 |
| 18 | Utah | $339,990 | $8,403,232 | $28,145,004 |
| 19 | Nebraska | $355,138 | $8,158,123 | $26,663,664 |
| 20 | Kansas | $358,333 | $7,985,550 | $25,879,120 |
| 21 | Virginia | $401,058 | $8,307,828 | $25,489,433 |
| 22 | Minnesota | $413,748 | $8,414,499 | $25,392,641 |
| 23 | Pennsylvania | $354,868 | $7,772,417 | $24,847,479 |
| 24 | Michigan | $300,570 | $6,935,849 | $23,501,671 |
| 25 | Rhode Island | $314,647 | $7,041,364 | $23,014,540 |
| 26 | Maryland | $418,745 | $8,010,295 | $22,646,099 |
| 27 | Montana | $304,296 | $6,675,326 | $22,045,342 |
| 28 | Wisconsin | $319,803 | $7,073,798 | $21,969,976 |
| 29 | Missouri | $309,262 | $6,785,160 | $21,599,281 |
| 30 | Tennessee | $304,993 | $6,715,678 | $21,148,119 |
| 31 | Idaho | $279,793 | $6,202,520 | $19,923,273 |
| 32 | Louisiana | $338,979 | $6,795,780 | $19,114,542 |
| 33 | Arizona | $299,717 | $6,246,648 | $18,995,716 |
| 34 | Georgia | $337,237 | $6,501,977 | $18,713,392 |
| 35 | Hawaii | $278,718 | $5,320,253 | $15,956,172 |
| 36 | Ohio | $315,857 | $5,761,707 | $15,912,504 |
| 37 | Iowa | $325,066 | $5,705,531 | $15,672,556 |
| 38 | North Carolina | $311,294 | $5,577,992 | $15,656,009 |
| 39 | Vermont | $299,025 | $5,479,073 | $15,386,951 |
| 40 | Oregon | $305,637 | $5,429,998 | $15,266,403 |
| 41 | Alabama | $271,733 | $5,145,289 | $14,768,967 |
| 42 | Alaska | $369,436 | $5,946,114 | $14,562,798 |
| 43 | Delaware | $331,759 | $5,649,053 | $14,368,951 |
| 44 | Indiana | $293,655 | $5,146,604 | $13,746,581 |
| 45 | New Mexico | $240,847 | $4,663,944 | $13,234,720 |
| 46 | South Carolina | $274,574 | $4,825,085 | $12,955,010 |
| 47 | Kentucky | $262,653 | $4,527,477 | $12,281,894 |
| 48 | Maine | $274,437 | $4,395,889 | $11,179,504 |
| 49 | Mississippi | $262,809 | $4,096,602 | $10,509,430 |
| 50 | West Virginia | $242,774 | $3,188,283 | $7,325,738 |
| 5* | District of Columbia | $555,341 | $15,072,505 | $53,468,734 |
| United States | $385,195 | $9,912,787 | $34,739,488 | |
| Northeast | $534,873 | $13,303,039 | $47,883,490 | |
| Midwest | $381,704 | $7,464,161 | $22,338,071 | |
| South | $406,939 | $8,724,042 | $28,504,333 | |
| West | $465,969 | $10,815,791 | $38,812,137 |
* Rank of the District of Columbia if it were ranked with the 50 states
Note: Data are for tax units.
Source: Authors’ analysis of state-level tax data from Sommeiller (2006) extended to 2012 using state-level data from the Internal Revenue Service SOI Tax Stats (various years), and Piketty and Saez (2012)