Curious about the income needed to join the 1% club? We've got everything you need to know. 💰
Surprisingly, New York sits at No. 6 in the ranking, with a minimum of $776,662 a year necessary to be considered a 1 percenter. While many states saw their threshold rise over the past year, New York was stagnant compared with 2022. “It’s easier to get into the 1 percent in New York than it ever has been,” Jaclyn DeJohn, the managing director of economic analysis at SmartAsset, told Bloomberg.
After New York, you’re looking at steep numbers in Colorado , Florida , Illinois , and New Hampshire . And if Washington, D.C., were a state, it would blow the other 50 out of the water: Residents in the nation’s capital need to make more than $1 million to be considered ultra-wealthy. Of course, some states have a much lower threshold, although the annual salary still reaches into the mid-six figures. West Virginia sits at the bottom of the ranking, with $367,582 needed to break into the 1 percent, and Mississippi is just above that, with $381,919. Let that give you something to aspire to, whether you’re aiming to be a 1 percenter in the Mountain State or the Constitution State.
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