To be among the top 1 percent of U.S. earners, a family needs an income of $421,926, a new report from the Economic Policy Institute finds.
However, the threshold varies significantly among states. In Connecticut, for example, you need an annual income of $700,800 to be in the 1 percent. In New Mexico, you need $255,429.
Keep in mind that these numbers just represent the threshold — the average income of the top 1 percent nationwide is $1.32 million. The bottom 99 percent, on the other hand, earn an average of $50,107 a year.
Read on to see just how much your household would have to pull in to join the 1 percent club in every U.S. state.
