Americans need to make nearly $800,000 a year to be in the top 1% of households nationally — but the bar varies considerably by location.
By the numbers: Washington, D.C., has the highest threshold for one-percenters, at about $1.22 million.
West Virginia has the lowest, at around $426,000.
Zoom in: Floridians in the top 1% need to make at least $853,875.41.
How it works: The figures are based on adjusted gross income (AGI) reported on tax filings in the 2021 tax year, adjusted to 2024 dollars.
In 2021, close to 101,940 tax filers in Florida were in the state's top 1%.
Between the lines: The variance between states is tied in part to local economic factors, like job opportunities and wealth concentration.
West Virginia's floor may be low, for example — but the total AGI per tax return there was about $60,300 in 2021, compared to $112,500 for California.
Our thought bubble: A recent survey of Americans by generation found that Gen Zers, on average, said the minimum salary needed to be "financially successful" was close to $600,000 — a number far higher than what other generations think they need.
For all the bashing of Gen Z we saw in response to that survey, maybe they're onto something.