Jaclyn DeJohn, CFP for SmartAsset

How much do you need to earn to be in the top 1% in your state? 2025 Study

Nearly 1.5 million households across the United States now rank among the top 1% of earners, according to the latest tax return data from the Internal Revenue Service (IRS). On average, it takes $731,492 in annual income to be a part of this group. But that threshold looks different depending on where you live. Economic conditions, tax policies, and cost of living vary significantly from state to state, resulting in wide disparities between what it takes to become a top 1% earner across the nation.

SmartAsset ranked U.S. states based on the income it takes to be a part of the top 1% in 2025 dollars based on the latest tax return data from the IRS.

Key Findings

Connecticut is t

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