An annual income of $469,328 puts you in the top 1% of earners in Nevada

The Center Square

October 16, 2020

Mark Lennihan / AP

Bring in at least $469,328 in yearly income, and you’ll be among the top 1 percent of earners in Nevada, according to a 24/7 Wall St. analysis of the ultra wealthy in every state.

The $469,328 threshold was the 18th highest among the 50 states, according to the analysis. The average income for the top 1 percent in the state is $1,864,084, and the share of all income in the state earned by the top 1 percent is 24.3 percent, 24/7 Wall St. reported.

24/7 Wall St. examined data published by the Internal Revenue Service for the 2017 tax year to calculate the minimum income level to be in the top 1 percent of earners in each state. States that have large shares of college-educated adults tend to have higher income thresholds to reach the top 1 percent, the analysis said.

Nationwide, in order to be in the top 1 percent of income earners, a person has to earn $538,926 annually, according to 24/7 Wall St. A total of 1.4 million taxpayers meet this threshold, the study says, and their average yearly income is $1.7 million, or 20 times the average earned by all U.S. taxpayers, according to the website.

—

State-by-State: Minimum Income to Reach Top 1 Percent

Rank	State	Earnings Threshold to Reach Top 1%	Average Income for Top 1%	Share of All Income Earned by Top 1%	Average Income Among All Tax Filers in State
1	Connecticut	$827,194	$3,060,989	27.0%	$113,570
2	Massachusetts	$728,272	$2,582,633	23.7%	$109,082
3	New York	$702,559	$2,894,085	29.3%	$98,941
4	New Jersey	$701,005	$2,002,544	19.6%	$102,186
5	California	$659,503	$2,195,775	23.0%	$95,494
6	Washington	$585,748	$1,756,011	18.7%	$94,129
7	Florida	$581,682	$2,347,180	28.4%	$82,535
8	Colorado	$563,672	$1,554,182	17.6%	$88,153
9	Illinois	$558,831	$1,639,367	19.2%	$85,544
10	Texas	$550,748	$1,806,554	22.1%	$81,734
11	Maryland	$532,093	$1,355,956	15.3%	$88,763
12	Virginia	$529,094	$1,390,139	15.7%	$88,486
13	Minnesota	$522,444	$1,399,463	16.3%	$85,628
14	New Hampshire	$510,178	$1,453,974	16.4%	$88,867
15	Georgia	$501,914	$1,420,732	19.0%	$74,744
16	Pennsylvania	$491,997	$1,329,913	17.0%	$78,385
17	Wyoming	$478,292	$2,501,169	27.6%	$90,663
18	Nevada	$469,328	$1,864,084	24.3%	$76,757
19	Utah	$469,198	$1,380,676	17.5%	$78,979
20	Oregon	$465,936	$1,207,272	15.7%	$76,998
21	North Dakota	$462,352	$1,131,705	14.3%	$79,305
22	Rhode Island	$457,372	$1,214,783	15.9%	$76,632
23	South Dakota	$455,582	$1,263,238	17.0%	$74,418
24	North Carolina	$453,976	$1,131,863	16.0%	$70,705
25	Kansas	$450,606	$1,173,583	15.8%	$74,382
26	Arizona	$448,795	$1,235,517	17.0%	$72,696
27	Tennessee	$441,531	$1,227,645	17.8%	$68,944
28	Delaware	$440,228	$1,069,994	14.1%	$76,151
29	Michigan	$435,271	$1,203,724	16.7%	$72,227
30	Alaska	$433,070	$934,419	11.9%	$78,641
31	Nebraska	$431,616	$1,123,566	15.1%	$74,393
32	Wisconsin	$428,490	$1,125,867	15.2%	$74,199
33	Oklahoma	$424,529	$1,117,765	16.4%	$68,348
34	Louisiana	$423,138	$1,066,004	16.1%	$66,342
35	Missouri	$419,752	$1,136,765	16.3%	$69,882
36	Montana	$416,874	$1,066,180	15.6%	$68,554
37	South Carolina	$415,810	$1,034,585	15.4%	$67,102
38	Hawaii	$414,599	$1,044,728	14.1%	$74,204
39	Ohio	$412,919	$1,020,320	14.8%	$68,950
40	Vermont	$407,661	$1,024,754	14.4%	$71,068
41	Idaho	$407,393	$1,043,184	15.2%	$68,702
42	Iowa	$402,246	$978,158	13.4%	$73,171
43	Indiana	$394,398	$1,000,641	14.8%	$67,732
44	Alabama	$390,066	$1,011,643	15.5%	$65,249
45	Maine	$389,504	$871,388	13.0%	$66,809
46	Arkansas	$377,895	$1,483,488	21.9%	$67,841
47	New Mexico	$341,111	$840,305	14.0%	$60,109
48	Kentucky	$337,532	$900,198	14.1%	$64,051
49	Mississippi	$326,182	$751,141	13.4%	$55,999
50	West Virginia	$318,831	$651,628	11.1%	$58,481