Income growth from 1973 to 2007, overall and for the top 1% and bottom 99%, U.S. and by state and region
Average real income growth | |||||
---|---|---|---|---|---|
State rank (by top 1% income growth from highest to lowest) | State/region | Overall | Top 1% | Bottom 99% | Share of total growth captured by top 1% |
— | United States | 33.8% | 216.4% | 15.4% | 58.7% |
1 | Wyoming | 60.2% | 505.3% | 18.8% | 71.4% |
2 | Connecticut | 69.3% | 444.9% | 28.1% | 63.5% |
3 | New York | 42.1% | 351.3% | 6.0% | 87.3% |
4 | Massachusetts | 61.2% | 348.2% | 33.3% | 50.4% |
5 | Washington | 54.2% | 272.3% | 34.4% | 41.9% |
6 | California | 39.8% | 260.8% | 18.8% | 56.8% |
7 | New Jersey | 49.0% | 254.0% | 28.8% | 46.5% |
8 | Utah | 38.0% | 247.0% | 20.8% | 49.5% |
9 | Colorado | 37.7% | 240.5% | 20.1% | 50.9% |
10 | New Hampshire | 59.1% | 234.9% | 43.5% | 32.4% |
11 | Nevada | 15.9% | 234.1% | -8.0% | Ŧ |
12 | Illinois | 27.1% | 220.2% | 8.0% | 73.3% |
13 | South Dakota | 30.9% | 218.4% | 17.7% | 46.6% |
14 | Florida | 28.7% | 214.4% | 4.6% | 85.7% |
15 | Minnesota | 36.5% | 209.1% | 21.7% | 45.2% |
16 | Virginia | 49.9% | 208.3% | 37.0% | 31.6% |
17 | Maryland | 29.7% | 200.5% | 16.0% | 50.3% |
18 | Oklahoma | 47.9% | 198.1% | 32.0% | 39.6% |
19 | Vermont | 35.7% | 191.4% | 22.2% | 42.6% |
20 | Pennsylvania | 36.4% | 181.9% | 22.0% | 45.0% |
21 | Idaho | 27.7% | 175.3% | 14.5% | 51.8% |
22 | Wisconsin | 29.9% | 172.0% | 17.9% | 44.7% |
23 | Texas | 41.4% | 170.1% | 25.4% | 45.5% |
24 | Rhode Island | 33.2% | 167.7% | 19.9% | 45.2% |
25 | North Carolina | 37.3% | 166.6% | 25.3% | 37.9% |
26 | Tennessee | 33.8% | 161.6% | 19.5% | 48.2% |
27 | Arizona | 11.5% | 159.4% | -2.5% | 119.7% |
28 | Kansas | 35.0% | 157.9% | 23.3% | 39.3% |
29 | Georgia | 29.0% | 156.6% | 15.8% | 50.7% |
30 | Nebraska | 32.2% | 155.4% | 20.6% | 41.5% |
31 | Alabama | 31.9% | 154.9% | 18.9% | 46.6% |
32 | South Carolina | 15.9% | 150.0% | 3.8% | 77.9% |
33 | Missouri | 28.0% | 149.0% | 15.9% | 48.3% |
34 | North Dakota | -3.0% | 141.7% | -11.8% | Ŧ |
35 | Montana | 12.5% | 139.0% | 1.8% | 86.9% |
36 | Alaska | -0.4% | 136.4% | -7.8% | Ŧ |
37 | Oregon | 22.9% | 130.7% | 12.0% | 52.5% |
38 | New Mexico | 14.9% | 130.1% | 4.5% | 72.0% |
39 | Maine | 30.5% | 126.1% | 21.8% | 34.5% |
40 | Ohio | 17.3% | 121.5% | 7.7% | 59.1% |
41 | Indiana | 17.6% | 119.4% | 8.4% | 56.2% |
42 | Louisiana | 48.7% | 110.1% | 41.6% | 23.3% |
43 | Kentucky | 27.0% | 109.4% | 18.2% | 39.0% |
44 | Iowa | 21.6% | 108.4% | 14.3% | 39.3% |
45 | Arkansas | 33.8% | 104.8% | 25.4% | 32.8% |
46 | Michigan | 3.7% | 103.3% | -5.5% | Ŧ |
47 | Mississippi | 26.0% | 95.0% | 18.6% | 35.5% |
48 | Hawaii | -5.4% | 91.6% | -12.8% | Ŧ |
49 | West Virginia | 22.1% | 75.8% | 16.2% | 33.7% |
50 | Delaware | 16.0% | 74.8% | 8.6% | 52.3% |
5* | District of Columbia | 40.4% | 293.8% | 15.7% | 64.6% |
— | Northeast | 46.3% | 296.5% | 19.6% | 61.7% |
— | Midwest | 21.7% | 157.0% | 9.2% | 61.2% |
— | South | 36.3% | 180.3% | 20.6% | 48.7% |
— | West | 34.2% | 236.3% | 15.3% | 58.9% |
* Rank of the District of Columbia if it were ranked with the 50 states.
Ŧ Top 1% incomes grew while overall incomes fell over this period.
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