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In the United States, 1% of the population holds the majority of the wealth. That’s a lot of money divided among a small number of people! To be in the top 1% in any given state, you need income above a certain threshold, and it varies wildly depending on where you live, as does the income tax burden for making the big bucks. While you might be living it up in Mississippi, you won’t be flying as high in Connecticut or New York.
SmartAsset has used data from the Internal Revenue Service and the Bureau of Labor Statistics to break down exactly how much dough you need to rake in to land at the top of the heap in every state. Some of the figures in the Midwest might raise an eyebrow or two.