How Much Does It Take To Be In The 1%?

Nationwide, you’ll need to earn about $787,700 annually to be in the top 1%…but that number is higher or lower depending on which state you live in. According to IRS tax return data, you’ll need to earn $1.5 million to be in the 1% in Connecticut. You’ll also need to make over $1 million to make the cut in Massachusetts and California. However, you’ll reach 1% status in West Virginia, Mississippi, and New Mexico by making a little less than $500,000. The median household income in the United States is about $75,000. (DIGG)