Dec 13, 2024 - News
How much Ohioans need to make to be in the top 1%
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The threshold to be among Ohio's one-percenters is now just under $590,000 per year.
Why it matters: Chances are, you're not one of the 53,500 Ohioans who made the cut in 2024, per IRS data.
Driving the news: The Buckeye State's 1% bar is considerably lower than the national figure (nearly $800,000).
How it works: These amounts are based on adjusted gross income (AGI) reported on tax filings in the 2021 tax year, adjusted to 2024 dollars.
By the numbers: Washington, D.C., has the highest threshold for one-percenters, at about $1.22 million.
- Connecticut ($1.17 million), Massachusetts ($1.13 million) and California ($1.05 million) follow.
- West Virginia has the lowest. There, one needs to make only $426,000 to be in the 1%.