Affiliate Disclosure: Some of the links on this page are affiliate links, which means we may receive a commission if you decide to buy a product or service we recommend.
Have you ever wondered what it takes to be in the top 1%? Depending on your state, it might be easier than you think.
Here are the 12 US states where you need to earn the most to be considered a one-percenter.
1. Connecticut $952,902
Connecticut is known as the “Constitution State” due to its rich history. In addition, living in Connecticut as a top 1% earner will cost you a 28.4% effective tax rate.
2. Massachusetts $903,401
With its famous city of Boston, you’d pay a 27.15% effective tax rate in Massachusetts.
3. California $844,266
This sunny state is known to most and would cost the top 1% of earners a 26.95% effective tax rate.
4. New Jersey $817,346
Known for bagels and pizza, NJ carries a 28.01% effective tax rate.
5. Washington $804,853
As a top 1% earner, you’d pay a 25.99% effective tax rate.
6. New York $776,662
Be prepared to pay a 28.29% effective tax rate as a top 1% earner.
7. Colorado $709,092
Colorado has a 25.86% effective tax rate.
8. Florida $694,987
This “Sunshine” state carries a 25.82% effective tax rate.
9. Illinois $660,810
Located in the Midwestern region of the United States, Illinois has a 26.35% effective tax rate.
10. New Hampshire $659,037
The state is known for its numerous lakes and rivers, with an effective tax rate of 26.25%.
11. Wyoming $656,118
Located in the western United States, Wyoming is bordered by Montana to the north and South Dakota and Nebraska to the east. It carries an effective tax rate of 24.79%.
12. Virginia $643,848
Virginia is often referred to as the “Old Dominion” due to its historical significance. As a top earner, you’d pay an effective tax rate of 26.11%.
10 Beautiful Countries To Spend the Rest of Your Life in if You Have 200K
If you have some money saved up and you’re looking for a change of scenery, there are a surprising number of places around the world where you can live on 200K for the rest of your life. Dive in to find where your next adventure awaits.
15 Expenses You Might Be Wasting Money On
There’s nothing worse than wasting money on unnecessary items — especially if you don’t even know you’re wasting money. If you have any of these 15 expenses in your life, it’s time to say goodbye once and for all.
12 Rich People Things the Rest of Us Never Think About
It’s no secret that money can buy you all sorts of weird and fabulous things. But what do rich people actually spend their money on? Dive into the world of wealth to find out where all that money goes.
10 Celebrities Who Are Secretly Worth Billions
You may have heard their music or seen them on TV, but who are the wealthiest celebrities? This list sheds light on the famous people with the most money — and it might not be who you think.
12 Things Inflation Hit Hard That Aren’t Worth Buying Anymore
We’re all feeling the effects of inflation these days, and some services were hit harder than others. These 12 things probably aren’t worth the inflated cost, but we keep paying for them anyway.