{"id":23449,"date":"2023-09-30T14:38:10","date_gmt":"2023-09-30T14:38:10","guid":{"rendered":"https:\/\/microloannexus.com\/news\/map-how-much-money-you-need-to-make-to-be-in-the-top-1-in-every-u-s-state-its-nearly-1-million-in-connecticut\/"},"modified":"2023-09-30T14:38:11","modified_gmt":"2023-09-30T14:38:11","slug":"map-how-much-money-you-need-to-make-to-be-in-the-top-1-in-every-u-s-state-its-nearly-1-million-in-connecticut","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=23449","title":{"rendered":"Map: How much money you need to make to be in the top 1% in every U.S. state\u2014it’s nearly $1 million in Connecticut\u00a0"},"content":{"rendered":"
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Earning $1,000,000 a year would surely be enough to live comfortably in the vast majority of places. But in one state, it means you’ve just <\/em>crossed over into the top 1% of earners.<\/p>\n

Your household needs to bring in a whopping $952,902 to crack the top 1% in Connecticut, the highest threshold for any state, according to a recent SmartAsset analysis. That’s nearly three times the income needed to be in the 1% in West Virginia, the state with the lowest threshold at $367,582.<\/p>\n

Connecticut’s median household income of $90,730 is one of the highest in the country and well above the national median of $74,580, according to Census Bureau data.<\/p>\n

See how much you’d need to make to be in the top 1% of households in your state:<\/p>\n<\/div>\n

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Earning $700,000 a year would put your household in the top 1% nationwide \u2014 and well above the middle class \u2014 and in any state in the South or Midwest. But that still won’t cut it in seven states.<\/p>\n

The Northeast dominates the rankings, with five of the 10 states with the highest 1% thresholds lying in this region. The average income needed to be in the 1% is $696,358 in these states. That’s a higher income than is needed to be in the 1% of households nationwide, which is $652,657, according to SmartAsset.\u00a0<\/p>\n

Southern states tend to have lower 1% income thresholds, with an average income of $526,592 necessary to be among the top-earning households there.<\/p>\n

The threshold is slightly higher in the Midwest. You need to earn an average of $544,525 to crack the top 1% in those states.<\/p>\n

DON’T MISS: Want to be smarter and more successful with your money, work & life?\u00a0<\/strong><\/em>Sign up for our new newsletter!<\/strong><\/em><\/p>\n

Want to earn more and land your dream job?\u00a0<\/em>Join the free CNBC Make It: Your Money virtual event<\/strong><\/em>\u00a0on Oct. 17 at 1 p.m. ET to learn how to level up your interview and negotiating skills, build your ideal career, boost your income and grow your wealth. <\/em>Register<\/em> for free today.<\/em><\/p>\n<\/div>\n

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Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Earning $1,000,000 a year would surely be enough to live comfortably in the vast majority of places. But in one state, it means you’ve just crossed over into the top 1% of earners. Your household needs to bring in a whopping $952,902 to crack the top 1% in Connecticut, the highest threshold for any state,<\/p>\n","protected":false},"author":1,"featured_media":23450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-23449","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"\nMap: How much money you need to make to be in the top 1% in every U.S. state\u2014it's nearly $1 million in Connecticut\u00a0 | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"Earning $1,000,000 a year would surely be enough to live comfortably in the vast majority of places. 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