No one argues that being in the top 1% of income earners makes you rich.
But the annual income that gets you there depends on where you live.
The Economic Policy Institute calculated how much money puts a household in the top 1% of income earners in each of the 50 US states. For the US overall, the income threshold required to be in the 1% of earners is $389,436, pre-tax. In 12 states, including Connecticut, California, New York, and Texas, a household must earn more than that to be in the state's highest earners.
Below, see what it takes to be in the top 1% — and top .01%, just in case you were feeling flush — of every state, listed from lowest to highest annual income needed.
VIDEO: Here's how much you need to make to be in the top 1% of every state
New Mexico
Income required to be in the:
Top 1%: $231,276
Top .01%: $3,853,057
Arkansas
Income required to be in the:
Top 1%: $237,428
Top .01%: $5,323,445
West Virginia
Income required to be in the:
Top 1%: $244,879
Top .01%: $2,522,272
See the rest of the story at Business Insider
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