Here's the income it takes for a family to be part of the 1% in every state
- A family in the United States needs an annual income of at least $421,926 to be in the top 1% of earners, according to Economic Policy Institute data.
- The minimum income needed to be in the top 1% in every state ranges from $255,000 in Arkansas to more than $700,000 in Connecticut.
- In 19 states, the annual income required to be in the 1% tops $400,000.
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The feeling of being wealthy is largely relative. One man's "rich" may be another man's "broke."
Economically, however, the delineation is clear. A family in the United States needs a minimum annual income of $421,926 to be in the top 1% of earners, according to data adapted from an Economic Policy Institute report originally published in July 2018.The average income for families in the top 1%? $1,316,985.
"In 2015, a family in the top 1 percent nationally received, on average, 26.3 times as much income as a family in the bottom 99 percent," the researchers, Estelle Sommelier and Mark Price, wrote.
In this data, the term family is used to represent one tax unit - either a single adult or married couple who files taxes and may or may not have dependents - and all figures are from 2015. The minimum income needed to be in the top 1% in every state ranges from $255,000 in Arkansas to more than $700,000 in Connecticut.
Below, find out how much annual income it takes to be part of the 1% in every state, plus the average annual income of families in the 1%. The states and Washington, DC, are ranked in ascending order by annual income.