Income threshold of top 1% and top .01%, and average income of top .01%, U.S. and by state and region, 2013
Rank (from highest to lowest threshold) | State/region | Income threshold of top 1% | Income threshold of top .01% | Average income of top .01% |
---|---|---|---|---|
1 | Connecticut | $659,979 | $18,725,678 | $69,539,454 |
2 | New Jersey | $547,737 | $9,902,751 | $27,543,511 |
3 | Massachusetts | $539,055 | $12,718,018 | $43,377,857 |
4 | New York | $517,557 | $15,788,964 | $61,569,466 |
5 | North Dakota | $481,492 | $8,604,082 | $23,092,316 |
6 | California | $453,772 | $10,484,559 | $34,842,377 |
7 | Texas | $424,507 | $9,548,502 | $30,570,824 |
8 | Maryland | $421,188 | $6,473,201 | $16,448,445 |
9 | Illinois | $416,319 | $8,634,123 | $26,432,216 |
10 | Minnesota | $411,022 | $6,772,630 | $18,115,219 |
11 | Colorado | $410,716 | $7,517,480 | $21,284,001 |
12 | Virginia | $406,412 | $6,244,774 | $15,852,268 |
13 | Washington | $387,854 | $7,805,465 | $24,270,450 |
14 | South Dakota | $386,622 | $6,946,192 | $19,931,296 |
15 | Florida | $385,410 | $9,503,505 | $31,300,153 |
16 | Wyoming | $368,468 | $16,294,136 | $97,682,655 |
17 | Alaska | $365,332 | $4,781,020 | $10,498,675 |
18 | Pennsylvania | $360,343 | $6,125,315 | $16,789,403 |
19 | New Hampshire | $359,844 | $7,123,629 | $22,258,520 |
20 | Kansas | $351,497 | $6,867,921 | $21,256,272 |
21 | Nebraska | $346,252 | $5,704,685 | $15,473,263 |
22 | Georgia | $345,876 | $5,435,322 | $13,716,343 |
23 | Delaware | $342,699 | $4,402,704 | $9,720,082 |
24 | Rhode Island | $336,625 | $5,958,482 | $17,125,434 |
25 | Utah | $333,775 | $6,606,832 | $19,579,787 |
26 | North Carolina | $327,549 | $4,402,239 | $10,452,087 |
27 | Louisiana | $325,163 | $5,717,205 | $15,290,710 |
28 | Oklahoma | $324,935 | $6,545,212 | $19,289,705 |
29 | Iowa | $317,234 | $4,190,419 | $10,051,656 |
30 | Ohio | $317,124 | $4,610,782 | $11,421,990 |
31 | Oregon | $312,839 | $4,727,899 | $12,280,193 |
32 | Wisconsin | $312,375 | $6,245,825 | $18,879,234 |
33 | Nevada | $311,977 | $10,930,356 | $51,576,310 |
34 | Arizona | $309,102 | $5,090,195 | $13,474,023 |
35 | Tennessee | $308,834 | $5,517,447 | $15,788,156 |
36 | Michigan | $306,740 | $5,705,460 | $16,869,663 |
37 | Missouri | $305,471 | $5,715,368 | $16,849,759 |
38 | Vermont | $299,259 | $4,657,840 | $12,055,549 |
39 | Montana | $297,689 | $4,628,105 | $12,429,047 |
40 | Indiana | $296,640 | $4,448,865 | $11,072,021 |
41 | Idaho | $292,324 | $4,768,525 | $12,463,428 |
42 | South Carolina | $288,042 | $3,988,813 | $9,403,004 |
43 | Alabama | $283,899 | $3,992,394 | $9,549,052 |
44 | Maine | $282,474 | $3,435,796 | $7,756,897 |
45 | Hawaii | $281,620 | $4,357,613 | $11,873,650 |
46 | Kentucky | $267,635 | $3,716,230 | $9,130,603 |
47 | Mississippi | $264,952 | $3,279,541 | $7,669,070 |
48 | West Virginia | $244,879 | $2,522,272 | $5,312,294 |
49 | Arkansas | $237,428 | $5,323,445 | $20,606,219 |
50 | New Mexico | $231,276 | $3,853,057 | $10,579,317 |
2* | District of Columbia | $554,719 | $10,349,151 | $27,941,032 |
United States | $389,436 | $8,325,378 | $26,106,656 | |
Northeast | $476,408 | $11,835,549 | $40,855,345 | |
Midwest | $343,059 | $6,187,048 | $17,580,287 | |
South | $352,341 | $6,897,923 | $20,221,280 | |
West | $393,416 | $8,685,268 | $28,227,857 |
* Rank of the District of Columbia if it were ranked with the 50 states.
Note: Incomes are in 2014 dollars. Data are for tax units.
Source: Authors’ analysis of state-level tax data from Sommeiller (2006) extended to 2013 using state-level data from the Internal Revenue Service SOI Tax Stats (various years), and Piketty and Saez (2012)