Dec 19, 2024 - News
How much Floridians need to make to be in the top 1%
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Americans need to make nearly $800,000 to be in the top 1% of households nationally — but the bar varies considerably by state.
By the numbers: Florida is among 11 states to exceed the national average, with a threshold of about $863,000.
- Washington, D.C., has the highest threshold for one-percenters, at about $1.22 million.
- West Virginia has the lowest, at about $426,000 to be in the top 1% of the state.
How it works: These figures are based on adjusted gross income (AGI) reported on 2021 tax year filings, adjusted to 2024 dollars.
Between the lines: The variance between states is tied in part to local economic factors, like job opportunities and wealth concentration.