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How much you need to be in the top 5 percent in each state

GOBankingRates Logo By John Csiszar of GOBankingRates | Slide 1 of 53: How much do you think you need to be rich? Although being rich isn’t necessarily all about the money, most people consider the top 5 percent and 1 percent of earners in any given state to be rich. You might be surprised to learn, however, that there’s a vast discrepancy between the 5-percenters in one state as compared with some others. Perhaps even more surprising is that in some states, it’s not a huge leap from the top 5 percent to the top 1 percent.
GOBankingRates used data from the U.S. Census Bureau’s 2017 American Community Survey and the Economic Policy Institute’s income inequality report to determine the average income for each state, plus Washington, D.C. Whether you want to be part of the rich and high-salaried or you have different feelings about them, here’s a look at how much you need to be “rich” in each state, based on the results of the data.

How much you need to be in the top 5 percent in each state

How much do you think you need to be rich? Although being rich isn’t necessarily all about the money, most people consider the top 5 percent and 1 percent of earners in any given state to be rich. You might be surprised to learn, however, that there’s a vast discrepancy between the 5-percenters in one state as compared with some others. Perhaps even more surprising is that in some states, it’s not a huge leap from the top 5 percent to the top 1 percent.

GOBankingRates used data from the U.S. Census Bureau’s 2017 American Community Survey and the Economic Policy Institute’s income inequality report to determine the average income for each state, plus Washington, D.C. Whether you want to be part of the rich and high-salaried or you have different feelings about them, here’s a look at how much you need to be “rich” in each state, based on the results of the data.

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