There are only three states where earning less than $500,000 annually means you are considered wealthy enough to be among the top 1% of said states.
GOBankingRates determined these earnings by reviewing IRS data from the 2022 tax season and isolating every state’s top 1% income threshold. From there, we used the Bureau of Labor Statistics CPI inflation calculator to find each figure in 2025 dollars.
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See how much you would need to make to be in every state’s top 1% of earners.
Alabama
- Lower limit of the top 1% (2022 dollars): $491,737
- Lower limit of the top 1% (2025 dollars): $555,617
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Alaska
- Lower limit of the top 1% (2022 dollars): $541,391
- Lower limit of the top 1% (2025 dollars): $611,721
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Arizona
- Lower limit of the top 1% (2022 dollars): $592,062
- Lower limit of the top 1% (2025 dollars): $668,975
Arkansas
- Lower limit of the top 1% (2022 dollars): $478,036
- Lower limit of the top 1% (2025 dollars): $540,136
California
- Lower limit of the top 1% (2022 dollars): $835,930
- Lower limit of the top 1% (2025 dollars): $944,522
Colorado
- Lower limit of the top 1% (2022 dollars): $713,682
- Lower limit of the top 1% (2025 dollars): $806,393
Connecticut
- Lower limit of the top 1% (2022 dollars): $975,899
- Lower limit of the top 1% (2025 dollars): $1,102,674
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Delaware
- Lower limit of the top 1% (2022 dollars): $534,189
- Lower limit of the top 1% (2025 dollars): $603,583
Florida
- Lower limit of the top 1% (2022 dollars): $793,446
- Lower limit of the top 1% (2025 dollars): $896,519
Georgia
- Lower limit of the top 1% (2022 dollars): $611,967
- Lower limit of the top 1% (2025 dollars): $691,465
Hawaii
- Lower limit of the top 1% (2022 dollars): $518,093
- Lower limit of the top 1% (2025 dollars): $585,396
Idaho
- Lower limit of the top 1% (2022 dollars): $579,669
- Lower limit of the top 1% (2025 dollars): $654,971
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Illinois
- Lower limit of the top 1% (2022 dollars): $675,101
- Lower limit of the top 1% (2025 dollars): $762,800
Indiana
- Lower limit of the top 1% (2022 dollars): $490,566
- Lower limit of the top 1% (2025 dollars): $554,293
Iowa
- Lower limit of the top 1% (2022 dollars): $511,537
- Lower limit of the top 1% (2025 dollars): $577,988
Kansas
- Lower limit of the top 1% (2022 dollars): $563,148
- Lower limit of the top 1% (2025 dollars): $636,304
Kentucky
- Lower limit of the top 1% (2022 dollars): $458,204
- Lower limit of the top 1% (2025 dollars): $517,727
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Louisiana
- Lower limit of the top 1% (2022 dollars): $508,840
- Lower limit of the top 1% (2025 dollars): $574,942
Maine
- Lower limit of the top 1% (2022 dollars): $508,666
- Lower limit of the top 1% (2025 dollars): $574,745
Maryland
- Lower limit of the top 1% (2022 dollars): $625,559
- Lower limit of the top 1% (2025 dollars): $706,823
Massachusetts
- Lower limit of the top 1% (2022 dollars): $891,118
- Lower limit of the top 1% (2025 dollars): $1,006,879
Michigan
- Lower limit of the top 1% (2022 dollars): $518,495
- Lower limit of the top 1% (2025 dollars): $585,850
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Minnesota
- Lower limit of the top 1% (2022 dollars): $619,895
- Lower limit of the top 1% (2025 dollars): $700,423
Mississippi
- Lower limit of the top 1% (2022 dollars): $405,760
- Lower limit of the top 1% (2025 dollars): $458,471
Missouri
- Lower limit of the top 1% (2022 dollars): $516,151
- Lower limit of the top 1% (2025 dollars): $583,202
Montana
- Lower limit of the top 1% (2022 dollars): $606,435
- Lower limit of the top 1% (2025 dollars): $685,215
Nebraska
- Lower limit of the top 1% (2022 dollars): $557,565
- Lower limit of the top 1% (2025 dollars): $629,996
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Nevada
- Lower limit of the top 1% (2022 dollars): $649,721
- Lower limit of the top 1% (2025 dollars): $734,124
New Hampshire
- Lower limit of the top 1% (2022 dollars): $678,953
- Lower limit of the top 1% (2025 dollars): $767,153
New Jersey
- Lower limit of the top 1% (2022 dollars): $831,947
- Lower limit of the top 1% (2025 dollars): $940,022
New Mexico
- Lower limit of the top 1% (2022 dollars): $416,987
- Lower limit of the top 1% (2025 dollars): $471,156
New York
- Lower limit of the top 1% (2022 dollars): $823,230
- Lower limit of the top 1% (2025 dollars): $930,173
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North Carolina
- Lower limit of the top 1% (2022 dollars): $591,619
- Lower limit of the top 1% (2025 dollars): $668,474
North Dakota
- Lower limit of the top 1% (2022 dollars): $642,377
- Lower limit of the top 1% (2025 dollars): $725,825
Ohio
- Lower limit of the top 1% (2022 dollars): $508,470
- Lower limit of the top 1% (2025 dollars): $574,523
Oklahoma
- Lower limit of the top 1% (2022 dollars): $502,889
- Lower limit of the top 1% (2025 dollars): $568,217
Oregon
- Lower limit of the top 1% (2022 dollars): $556,741
- Lower limit of the top 1% (2025 dollars): $629,065
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Pennsylvania
- Lower limit of the top 1% (2022 dollars): $605,333
- Lower limit of the top 1% (2025 dollars): $683,970
Rhode Island
- Lower limit of the top 1% (2022 dollars): $556,885
- Lower limit of the top 1% (2025 dollars): $629,227
South Carolina
- Lower limit of the top 1% (2022 dollars): $536,054
- Lower limit of the top 1% (2025 dollars): $605,691
South Dakota
- Lower limit of the top 1% (2022 dollars): $634,466
- Lower limit of the top 1% (2025 dollars): $716,887
Tennessee
- Lower limit of the top 1% (2022 dollars): $589,326
- Lower limit of the top 1% (2025 dollars): $665,883
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Texas
- Lower limit of the top 1% (2022 dollars): $686,876
- Lower limit of the top 1% (2025 dollars): $776,105
Utah
- Lower limit of the top 1% (2022 dollars): $637,566
- Lower limit of the top 1% (2025 dollars): $720,390
Vermont
- Lower limit of the top 1% (2022 dollars): $538,786
- Lower limit of the top 1% (2025 dollars): $608,778
Virginia
- Lower limit of the top 1% (2022 dollars): $647,948
- Lower limit of the top 1% (2025 dollars): $732,120
Washington
- Lower limit of the top 1% (2022 dollars): $756,256
- Lower limit of the top 1% (2025 dollars): $854,498
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West Virginia
- Lower limit of the top 1% (2022 dollars): $384,369
- Lower limit of the top 1% (2025 dollars): $434,301
Wisconsin
- Lower limit of the top 1% (2022 dollars): $523,231
- Lower limit of the top 1% (2025 dollars): $591,202
Wyoming
- Lower limit of the top 1% (2022 dollars): $712,186
- Lower limit of the top 1% (2025 dollars): $804,703
Methodology: GOBankingRates looked at Internal Revenue Service data from the 2022 tax season and found each state’s threshold for the top 1% of earners. Once these figures were isolated, GOBankingRates used the Bureau of Labor Statistics CPI inflation calculator to find each figure in 2025 dollars. All data was collected on and is up to date as of Feb. 27, 2025.
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This article originally appeared on GOBankingRates.com: How Much You Need To Earn To Be in the Top 1% in Every State
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