Income threshold of top 1% and top 0.01%, and average income of top 0.01%, U.S. and by state and region, 2015
State rank (from highest to lowest threshold) | State/region | Income threshold of top 1% | Income threshold of top 0.01% | Average income of top 0.01% |
---|---|---|---|---|
— | United States | $421,926 | $9,765,989 | $32,317,855 |
1 | Connecticut | $700,800 | $19,499,450 | $70,196,008 |
2 | New Jersey | $588,575 | $10,786,410 | $29,773,585 |
3 | Massachusetts | $582,774 | $14,531,763 | $50,737,531 |
4 | New York | $550,174 | $17,420,552 | $69,485,807 |
5 | California | $514,694 | $12,891,282 | $45,393,688 |
6 | Colorado | $458,576 | $8,743,939 | $25,099,683 |
7 | Illinois | $456,377 | $10,446,486 | $34,181,224 |
8 | Washington | $451,395 | $10,271,453 | $35,106,381 |
9 | Maryland | $445,783 | $7,445,675 | $19,603,954 |
10 | North Dakota | $445,415 | $6,704,383 | $16,386,624 |
11 | Minnesota | $443,118 | $8,108,724 | $23,134,209 |
12 | Texas | $440,758 | $9,847,479 | $31,310,378 |
13 | Virginia | $425,144 | $7,473,175 | $20,711,419 |
14 | Florida | $417,587 | $12,027,665 | $45,167,509 |
15 | South Dakota | $407,406 | $7,831,851 | $22,596,893 |
16 | Wyoming | $405,596 | $15,052,175 | $74,300,630 |
17 | New Hampshire | $405,286 | $8,038,097 | $24,956,804 |
18 | Alaska | $400,017 | $5,304,110 | $12,026,360 |
19 | Pennsylvania | $388,593 | $7,821,533 | $24,282,147 |
20 | Kansas | $375,344 | $7,196,836 | $21,518,645 |
21 | Utah | $374,467 | $7,430,648 | $22,000,819 |
22 | Georgia | $371,811 | $6,735,860 | $18,617,618 |
23 | Nebraska | $363,310 | $6,277,204 | $17,002,629 |
24 | Oregon | $358,937 | $5,958,543 | $16,145,076 |
25 | Wisconsin | $349,905 | $6,676,846 | $19,635,684 |
26 | Rhode Island | $346,657 | $6,280,829 | $17,542,831 |
27 | North Carolina | $343,066 | $6,062,214 | $17,037,228 |
28 | Nevada | $341,335 | $10,677,468 | $43,988,535 |
29 | Delaware | $340,770 | $5,708,228 | $15,225,579 |
30 | Ohio | $334,979 | $5,640,615 | $15,223,306 |
31 | Oklahoma | $333,139 | $6,516,552 | $19,828,262 |
32 | Tennessee | $332,913 | $6,665,554 | $20,334,457 |
33 | Iowa | $331,572 | $4,862,037 | $12,269,685 |
34 | Arizona | $331,074 | $5,928,134 | $16,097,364 |
35 | Michigan | $328,649 | $6,396,743 | $19,245,851 |
36 | Missouri | $326,839 | $6,718,753 | $20,946,857 |
37 | Vermont | $321,969 | $5,331,265 | $14,336,588 |
38 | Montana | $321,849 | $5,766,985 | $16,424,147 |
39 | South Carolina | $318,463 | $4,649,350 | $11,217,722 |
40 | Louisiana | $318,393 | $5,302,707 | $13,880,894 |
41 | Indiana | $316,756 | $5,198,119 | $13,393,757 |
42 | Idaho | $314,532 | $5,570,560 | $15,499,288 |
43 | Hawaii | $310,566 | $5,282,639 | $14,905,658 |
44 | Maine | $303,897 | $3,631,803 | $7,977,349 |
45 | Alabama | $297,564 | $4,741,772 | $12,196,118 |
46 | Kentucky | $274,818 | $4,762,370 | $13,683,017 |
47 | West Virginia | $258,078 | $2,949,410 | $6,569,242 |
48 | New Mexico | $255,429 | $3,798,539 | $9,517,871 |
49 | Arkansas | $255,050 | $6,337,995 | $26,036,208 |
50 | Mississippi | $254,362 | $3,400,538 | $7,929,519 |
2* | District of Columbia | $598,155 | $13,690,380 | $43,130,489 |
— | Northeast | $525,544 | $13,601,280 | $47,913,012 |
— | Midwest | $372,469 | $7,250,631 | $21,494,091 |
— | South | $387,061 | $8,333,946 | $26,115,554 |
— | West | $458,666 | $10,796,111 | $36,486,694 |
* Rank of the District of Columbia if it were ranked with the 50 states.
Notes: Incomes are in 2015 dollars. Data are for tax units.
Source: Authors’ analysis of state-level tax data from Sommeiller 2006 extended to 2015 using state-level data from the Internal Revenue Service SOI Tax Stats (various years) and Piketty and Saez 2016