Here’s How Much You Need To Earn To Be ‘Rich’ in Every State
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The cost of living is widely different across the United States, where being “rich” in one state might mean tough living in another. “Rich” is a subjective term, and the place you live in has a lot to do with whether you can consider yourself truly wealthy.
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To get an idea of what it looks like to be rich in America, GOBankingRates used census data to conduct a study of the top incomes as they break down by state. It lays out what income level is needed to place you in the top 20% and the top 5% of incomes within your state.
Check out how much money you need to be “rich” in your state.
The minimum you need to make to be in the top 20%: $116,599
Average adjusted gross income of the top 20%: $197,286
The minimum you need to make to be in the top 5%: $116,598
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The minimum you need to make to be in the top 20%: $117,425
Average adjusted gross income of the top 20%: $212,270
The minimum you need to make to be in the top 5%: $117,424
The minimum you need to make to be in the top 20%: $123,991
Average adjusted gross income of the top 20%: $219,022
The minimum you need to make to be in the top 5%: $123,990
The minimum you need to make to be in the top 20%: $125,328
Average adjusted gross income of the top 20%: $219,134
The minimum you need to make to be in the top 5%: $125,327
The minimum you need to make to be in the top 20%: $126,786
Average adjusted gross income of the top 20%: $219,518
The minimum you need to make to be in the top 5%: $126,785
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The minimum you need to make to be in the top 20%: $127,403
Average adjusted gross income of the top 20%: $216,944
The minimum you need to make to be in the top 5%: $127,402
The minimum you need to make to be in the top 20%: $127,473
Average adjusted gross income of the top 20%: $223,489
The minimum you need to make to be in the top 5%: $127,472
The minimum you need to make to be in the top 20%: $132,078
Average adjusted gross income of the top 20%: $238,504
The minimum you need to make to be in the top 5%: $132,077
The minimum you need to make to be in the top 20%: $132,444
Average adjusted gross income of the top 20%: $226,387
The minimum you need to make to be in the top 5%: $132,443
The minimum you need to make to be in the top 20%: $132,847
Average adjusted gross income of the top 20%: $237,160
The minimum you need to make to be in the top 5%: $132,846
The minimum you need to make to be in the top 20%: $133,497
Average adjusted gross income of the top 20%: $237,041
The minimum you need to make to be in the top 5%: $133,496
The minimum you need to make to be in the top 20%: $133,630
Average adjusted gross income of the top 20%: $230,785
The minimum you need to make to be in the top 5%: $133,629
The minimum you need to make to be in the top 20%: $133,864
Average adjusted gross income of the top 20%: $234,836
The minimum you need to make to be in the top 5%: $133,863
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The minimum you need to make to be in the top 20%: $136,246
Average adjusted gross income of the top 20%: $237,659
The minimum you need to make to be in the top 5%: $136,245
The minimum you need to make to be in the top 20%: $136,582
Average adjusted gross income of the top 20%: $231,690
The minimum you need to make to be in the top 5%: $136,581
The minimum you need to make to be in the top 20%: $137,435
Average adjusted gross income of the top 20%: $240,204
The minimum you need to make to be in the top 5%: $137,434
The minimum you need to make to be in the top 20%: $138,318
Average adjusted gross income of the top 20%: $237,505
The minimum you need to make to be in the top 5%: $138,317
The minimum you need to make to be in the top 20%: $139,072
Average adjusted gross income of the top 20%: $249,042
The minimum you need to make to be in the top 5%: $139,071
The minimum you need to make to be in the top 20%: $139,438
Average adjusted gross income of the top 20%: $240,130
The minimum you need to make to be in the top 5%: $139,437
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The minimum you need to make to be in the top 20%: $141,755
Average adjusted gross income of the top 20%: $266,051
The minimum you need to make to be in the top 5%: $141,754
The minimum you need to make to be in the top 20%: $143,797
Average adjusted gross income of the top 20%: $246,410
The minimum you need to make to be in the top 5%: $143,796
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The minimum you need to make to be in the top 20%: $148,795
Average adjusted gross income of the top 20%: $264,953
The minimum you need to make to be in the top 5%: $148,794
The minimum you need to make to be in the top 20%: $150,413
Average adjusted gross income of the top 20%: $252,655
The minimum you need to make to be in the top 5%: $150,412
The minimum you need to make to be in the top 20%: $150,592
Average adjusted gross income of the top 20%: $266,309
The minimum you need to make to be in the top 5%: $150,591
The minimum you need to make to be in the top 20%: $153,315
Average adjusted gross income of the top 20%: $272,904
The minimum you need to make to be in the top 5%: $153,314
The minimum you need to make to be in the top 20%: $155,529
Average adjusted gross income of the top 20%: $269,437
The minimum you need to make to be in the top 5%: $155,528
The minimum you need to make to be in the top 20%: $157,599
Average adjusted gross income of the top 20%: $266,218
The minimum you need to make to be in the top 5%: $157,598
The minimum you need to make to be in the top 20%: $162,124
Average adjusted gross income of the top 20%: $289,355
The minimum you need to make to be in the top 5%: $162,123
The minimum you need to make to be in the top 20%: $163,286
Average adjusted gross income of the top 20%: $276,548
The minimum you need to make to be in the top 5%: $163,285
The minimum you need to make to be in the top 20%: $163,548
Average adjusted gross income of the top 20%: $276,288
The minimum you need to make to be in the top 5%: $163,547
The minimum you need to make to be in the top 20%: $164,585
Average adjusted gross income of the top 20%: $282,691
The minimum you need to make to be in the top 5%: $164,584
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The minimum you need to make to be in the top 20%: $169,423
Average adjusted gross income of the top 20%: $270,877
The minimum you need to make to be in the top 5%: $169,422
The minimum you need to make to be in the top 20%: $178,141
Average adjusted gross income of the top 20%: $307,101
The minimum you need to make to be in the top 5%: $178,140
The minimum you need to make to be in the top 20%: $178,658
Average adjusted gross income of the top 20%: $297,363
The minimum you need to make to be in the top 5%: $178,657
The minimum you need to make to be in the top 20%: $178,953
Average adjusted gross income of the top 20%: $342,150
The minimum you need to make to be in the top 5%: $178,952
The minimum you need to make to be in the top 20%: $182,550
Average adjusted gross income of the top 20%: $316,724
The minimum you need to make to be in the top 5%: $182,549
The minimum you need to make to be in the top 20%: $184,482
Average adjusted gross income of the top 20%: $325,947
The minimum you need to make to be in the top 5%: $184,481
The minimum you need to make to be in the top 20%: $186,867
Average adjusted gross income of the top 20%: $310,254
The minimum you need to make to be in the top 5%: $186,866
The minimum you need to make to be in the top 20%: $189,778
Average adjusted gross income of the top 20%: $358,875
The minimum you need to make to be in the top 5%: $189,777
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The minimum you need to make to be in the top 20%: $195,516
Average adjusted gross income of the top 20%: $327,400
The minimum you need to make to be in the top 5%: $195,515
The minimum you need to make to be in the top 20%: $196,525
Average adjusted gross income of the top 20%: $356,382
The minimum you need to make to be in the top 5%: $196,524
The minimum you need to make to be in the top 20%: $203,882
Average adjusted gross income of the top 20%: $359,314
The minimum you need to make to be in the top 5%: $203,881
The minimum you need to make to be in the top 20%: $205,889
Average adjusted gross income of the top 20%: $364,076
The minimum you need to make to be in the top 5%: $205,888
Jordan Rosenfeld and John Csiszar contributed to the reporting for this article.
Methodology: GOBankingRates used the United States Census Bureau’s 2023 American Community Survey income quintile data to find each state’s (1) lowest income to be considered in the top 20% income bracket; (2) the average income of the richest 20% and (3) the average income of the richest 5%. All data was collected on and is up to date as of Feb. 3, 2025.
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This article originally appeared on GOBankingRates.com: Here’s How Much You Need To Earn To Be ‘Rich’ in Every State
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