The term “top 1%” gets thrown around a lot in the news, but who exactly makes the cut? Estelle Sommeiller and Mark Price of the Economic Policy Institute broke it down at the state level in this map.

A person earning $228,298 in Arkansas would be in the top 1%, but you’d need to make nearly three times that in Connecticut for the same status.

The District of Columbia ($555,341), New Jersey ($538,666), Massachusetts ($532,328), and New York ($506,051) make up the top five.

Here are the full rankings for all 50 states plus the District of Columbia.

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The Economic Policy Institute published their report in 2015 using the most current available data. But in 2019, the IRS released updated stats based on 2017 tax returns. Nationwide, to be in the top 1%, you now need to earn a cool $515,371.

The top .1%

If the top 1% isn’t exclusive enough for you, you could aim for the top .1% club. In the U.S., according to Bloomberg, that would mean earning $2,374,937.

Still not satisfied? The cutoff for the top .01% is $12,899,070, while the top .001% needed to make $63,430,119 in 2017.

See Also: How much is $100 really worth in each state?

•September 25, 2020