How Much You Think You Have To Earn To Be In The 1 Percent In Each State?

How Much You Think You Have To Earn To Be In The 1 Percent In Each State?

With sources now stating that 1% of the United States population controls 80% of the income, it makes us wonder what qualifies as the one percent. Some individuals believe that it takes millions upon millions of dollars made annually to qualify for the prestigious one percent club while others think it only takes 6 figures.

How Much You Think You Have To Earn To Be In The 1 Percent In Each State? The Answer Is Here

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Whatever the case may be, billionaires are more than willing to give us a glimpse into their fortunes and how they were earned. Forbes has released a list of the wealthiest people on the planet with their infamous Forbes List. Taking a brief glimpse at this list of people gives us a clue as to how mass wealth may be amassed-should one wish to do so. Looking at the top 10 successful people shows what career choices may prove to be the most rewarding:

  • Technology
  • Investing
  • Retail
  • Cosmetics

This insight dispels the myth that in order to be wealthy, or even rich, you must work in one of the notorious Wall Street banking firms or trading floor. Secondly, it also shows us that despite your education or background, great wealth can be attained through humble and rough beginnings. Individuals like Larry Ellison and Bill Gates, although highly intelligent, were not men of great academic achievement. Both of these men dropped out of their respective colleges with the drive to succeed and to help other individuals with their products and services.

RELATED ARTICLE: THE 10 MOST CULTURALLY INFLUENTIAL PEOPLE OF 21ST CENTURY

Moreover, successful people like Warren Buffett show us that wealth can be a slow and steady course as opposed to a quick and immediate. Buffett, who has an estimated wealth of 72 billion, took over 50 years of hard work and strategic investing in order to climb the list of wealthy people. This kind of determination and focus should ring motivational in one’s ears should they decide to attain mass wealth for themselves in the future.

Located below is a list of all 50 states with the annual income needed to qualify as the ‘1%’:

Alabama: $272,000
Alaska: $369,000
Arizona: $300,000
Arkansas: $228,000
California: $438,000
Colorado: $405,000
Connecticut: $678,000
Delaware: $332,000
Florida: $378,000
Georgia: $337,000
Hawaii: $279,000
Idaho: $280,000
Illinois: $424,000
Indiana: $294,000
Iowa: $325,000
Kansas: $358,000
Kentucky: $263,000
Louisiana: $339,000
Maine: $274,000
Maryland: $419,000
Massachusetts: $532,000
Michigan: $301,000
Minnesota: $414,000
Mississippi: $263,000
Missouri: $309,000
Montana: $304,000
Nebraska: $355,000
Nevada: $306,000
New Hampshire: $365,000
New Jersey: $539,000
New Mexico: $241,000
New York: $506,000
North Carolina: $311,000
North Dakota: $502,000
Ohio: $316,000
Oklahoma: $328,000
Oregon: $306,000
Pennsylvania: $355,000
Rhode Island: $315,000
South Carolina: $275,000
South Dakota: $404,000
Tennessee: $305,000
Texas: $423,000
Utah: $340,000
Vermont: $299,000
Virginia: $401,000
Washington: $379,000
West Virginia: $243,000
Wisconsin: $320,000
Wyoming: $388,000

Image source: Washingtonpost.com

Ucsc.edu Forbes.com

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