To determine the average income residents earn in each state and Washington, D.C., financial website GOBankingRates analyzed data from the U.S. Census Bureau's 2017 American Community Survey and the Economic Policy Institute's income inequality report.
Here's how much you have to earn to be in the top 5% in Hawaii:
There are eight places — including notoriously pricey locations like California, D.C., and New York — that require at least $250,000 in income to crack the top 5%, according to the data. Just outside of that, Hawaii comes in at No. 9.
While it takes nearly $240,000 to be in the state's top 5%, you have to earn a lot more to make the top 1% in Hawaii. The minimum annual income needed for that is $310,566, the Economic Policy Institute reports.
While location certainly plays a role in how much money is needed to be considered rich, wealth is also a mindset, according to a recent poll from data firm YouGov.
"Although people become less likely to consider themselves poor the more money they make," the report says, "they don't really become much more likely to consider themselves rich."
Of those earning between $40,000 and $60,000 a year, 7% consider themselves "rich." But when it comes to high-earners, those making $90,000 to $150,000 a year, just 9% consider themselves "rich" and 5% actually classify themselves as "poor."
"The higher your income," the report says, "the higher you set the bar."
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