How Much You Need To Be in the Top 5% in Every State

·12 min read
gradyreese / Getty Images/iStockphoto
gradyreese / Getty Images/iStockphoto

How do rich people know when they’re officially rich? A place among the top 5% income earners in their state is a good place to start. The 5-percent club in some states, however, is much, much harder to crack into than in others.

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To determine what it takes to be rich, GOBankingRates used data from the U.S. Census Bureau's 2019 American Community Survey to determine the average income for each state compared to that of its top-earning 5%.

Here’s a look at how much you need to be "rich" in each state, and how much more you’ll earn than the average person when you get there.

Last updated: March 9, 2021

Birmingham, Alabama, USA - April 25, 2012: People partake in group exercise under the pavilion at Railroad Park.
Birmingham, Alabama, USA - April 25, 2012: People partake in group exercise under the pavilion at Railroad Park.

Alabama

  • How much you need to be in the top 5%: $189,695

  • Average household income for the top 5%: $311,208

  • Average household income for the entire state: $71,478

  • How much more the average 5% makes than the average person: 4.4x

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alaska
alaska

Alaska

  • How much you need to be in the top 5%: $242,208

  • Average household income for the top 5%: $387,399

  • Average household income for the entire state: $98,504

  • How much more the average 5% makes than the average person: 3.9x

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Tucson, Arizona, USA downtown skyline with Sentinel Peak at dusk.
Tucson, Arizona, USA downtown skyline with Sentinel Peak at dusk.

Arizona

  • How much you need to be in the top 5%: $220,936

  • Average household income for the top 5%: $367,580

  • Average household income for the entire state: $84,438

  • How much more the average 5% makes than the average person: 4.4x

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Little Rock Arkansas
Little Rock Arkansas

Arkansas

  • How much you need to be in the top 5%: $176,997

  • Average household income for the top 5%: $315,234

  • Average household income for the entire state: $68,219

  • How much more the average 5% makes than the average person: 4.6x

Financial district of San Francisco at sunrise.
Financial district of San Francisco at sunrise.

California

  • How much you need to be in the top 5%: $250,000

  • Average household income for the top 5%: $531,014

  • Average household income for the entire state: $113,563

  • How much more the average 5% makes than the average person: 4.7x

Castle Rock Colorado
Castle Rock Colorado

Colorado

  • How much you need to be in the top 5%: $250,000

  • Average household income for the top 5%: $450,609

  • Average household income for the entire state: $103,518

  • How much more the average 5% makes than the average person: 4.4x

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Hartford Connecticut
Hartford Connecticut

Connecticut

  • How much you need to be in the top 5%: $250,000

  • Average household income for the top 5%: $579,711

  • Average household income for the entire state: $114,630

  • How much more the average 5% makes than the average person: 5.1x

beach in Lewes Delaware at sunset
beach in Lewes Delaware at sunset

Delaware

  • How much you need to be in the top 5%: $235,059

  • Average household income for the top 5%: $387,937

  • Average household income for the entire state: $92,445

  • How much more the average 5% makes than the average person: 4.2x

Sarasota, Florida, USA downtown skyline on the bay at sunrise.
Sarasota, Florida, USA downtown skyline on the bay at sunrise.

Florida

  • How much you need to be in the top 5%: $226,319

  • Average household income for the top 5%: $404,254

  • Average household income for the entire state: $83,883

  • How much more the average 5% makes than the average person: 4.8x

View of the Atlanta skyline on a beautiful night.
View of the Atlanta skyline on a beautiful night.

Georgia

  • How much you need to be in the top 5%: $233,979

  • Average household income for the top 5%: $402,002

  • Average household income for the entire state: $86,468

  • How much more the average 5% makes than the average person: 4.6x

Honolulu Hawaii
Honolulu Hawaii

Hawaii

  • How much you need to be in the top 5%: $250,000

  • Average household income for the top 5%: $423,529

  • Average household income for the entire state: $106,247

  • How much more the average 5% makes than the average person: 4x

Deer Creek in Hailey Idaho
Deer Creek in Hailey Idaho

Idaho

  • How much you need to be in the top 5%: $199,218

  • Average household income for the top 5%: $325,365

  • Average household income for the entire state: $78,975

  • How much more the average 5% makes than the average person: 4.1x

Chicago downtown skyline and the blue sky.
Chicago downtown skyline and the blue sky.

Illinois

  • How much you need to be in the top 5%: $250,000

  • Average household income for the top 5%: $442,476

  • Average household income for the entire state: $95,725

  • How much more the average 5% makes than the average person: 4.6x

Indianapolis Indiana skyline at dusk
Indianapolis Indiana skyline at dusk

Indiana

  • How much you need to be in the top 5%: $194,407

  • Average household income for the top 5%: $348,590

  • Average household income for the entire state: $78,064

  • How much more the average 5% makes than the average person: 4.5x

Aerial image of single family homes in Bettendorf Iowa USA.
Aerial image of single family homes in Bettendorf Iowa USA.

Iowa

  • How much you need to be in the top 5%: $199,328

  • Average household income for the top 5%: $339,126

  • Average household income for the entire state: $80,267

  • How much more the average 5% makes than the average person: 4.2x

WICHITA, KANSAS
WICHITA, KANSAS

Kansas

  • How much you need to be in the top 5%: $211,256

  • Average household income for the top 5%: $350,796

  • Average household income for the entire state: $82,270

  • How much more the average 5% makes than the average person: 4.3x

Louisville, Kentucky
Louisville, Kentucky

Kentucky

  • How much you need to be in the top 5%: $185,241

  • Average household income for the top 5%: $333,777

  • Average household income for the entire state: $72,215

  • How much more the average 5% makes than the average person: 4.6x

New Orleans Louisiana
New Orleans Louisiana

Louisiana

  • How much you need to be in the top 5%: $199,417

  • Average household income for the top 5%: $336,976

  • Average household income for the entire state: $72,658

  • How much more the average 5% makes than the average person: 4.6x

Portland, Maine, USA coastal townscape.
Portland, Maine, USA coastal townscape.

Maine

  • How much you need to be in the top 5%: $202,639

  • Average household income for the top 5%: $327,475

  • Average household income for the entire state: $78,303

  • How much more the average 5% makes than the average person: 4.2x

Baltimore Maryland skyline
Baltimore Maryland skyline

Maryland

  • How much you need to be in the top 5%: $250,000

  • Average household income for the top 5%: $478,927

  • Average household income for the entire state: $114,089

  • How much more the average 5% makes than the average person: 4.2x

Sailboats on the Charles River with Boston's Back Bay skyline in the background.
Sailboats on the Charles River with Boston's Back Bay skyline in the background.

Massachusetts

  • How much you need to be in the top 5%: $250,000

  • Average household income for the top 5%: $526,243

  • Average household income for the entire state: $117,482

  • How much more the average 5% makes than the average person: 4.5x

Beautiful skyline of Detroit city, photos taken from Canadian side, Windsor, Ontario.
Beautiful skyline of Detroit city, photos taken from Canadian side, Windsor, Ontario.

Michigan

  • How much you need to be in the top 5%: $209,099

  • Average household income for the top 5%: $356,455

  • Average household income for the entire state: $80,681

  • How much more the average 5% makes than the average person: 4.4x

Aerial Shot of Downtown Minneapolis, Minnesota at Sunset
Aerial Shot of Downtown Minneapolis, Minnesota at Sunset

Minnesota

  • How much you need to be in the top 5%: $244,552

  • Average household income for the top 5%: $406,818

  • Average household income for the entire state: $96,995

  • How much more the average 5% makes than the average person: 4.2x

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Biloxi Mississippi
Biloxi Mississippi

Mississippi

  • How much you need to be in the top 5%: $172,337

  • Average household income for the top 5%: $304,820

  • Average household income for the entire state: $65,081

  • How much more the average 5% makes than the average person: 4.7x

Downtown Kansas City skyline with Penn Valley Park in the foreground and a vivid blue sky in the background.
Downtown Kansas City skyline with Penn Valley Park in the foreground and a vivid blue sky in the background.

Missouri

  • How much you need to be in the top 5%: $201,541

  • Average household income for the top 5%: $345,545

  • Average household income for the entire state: $77,885

  • How much more the average 5% makes than the average person: 4.4x

Missoula from Mount Sentinel, in Missoula, Montana.
Missoula from Mount Sentinel, in Missoula, Montana.

Montana

  • How much you need to be in the top 5%: $187,867

  • Average household income for the top 5%: $350,655

  • Average household income for the entire state: $77,320

  • How much more the average 5% makes than the average person: 4.5x

Downtown Omaha skyline with the Heartland of America Park, including a large fountain, in the foreground.
Downtown Omaha skyline with the Heartland of America Park, including a large fountain, in the foreground.

Nebraska

  • How much you need to be in the top 5%: $203,793

  • Average household income for the top 5%: $343,133

  • Average household income for the entire state: $82,539

  • How much more the average 5% makes than the average person: 4.2x

Las Vegas Nevada and the Luxor hotel
Las Vegas Nevada and the Luxor hotel

Nevada

  • How much you need to be in the top 5%: $221,626

  • Average household income for the top 5%: $415,695

  • Average household income for the entire state: $86,946

  • How much more the average 5% makes than the average person: 4.8x

Lincoln is a town in Grafton County, New Hampshire, United States.
Lincoln is a town in Grafton County, New Hampshire, United States.

New Hampshire

  • How much you need to be in the top 5%: $250,000

  • Average household income for the top 5%: $412,033

  • Average household income for the entire state: $100,882

  • How much more the average 5% makes than the average person: 4.1x

Large group of sailing yachts at the Manhattan Yacht Club marina, off Morris Canal Basin, at Marin Boulevard, Jersey City, New York State, USA.
Large group of sailing yachts at the Manhattan Yacht Club marina, off Morris Canal Basin, at Marin Boulevard, Jersey City, New York State, USA.

New Jersey

  • How much you need to be in the top 5%: $250,000

  • Average household income for the top 5%: $540,499

  • Average household income for the entire state: $119,301

  • How much more the average 5% makes than the average person: 4.5x

dusk city shot in Santa Fe New Mexico
dusk city shot in Santa Fe New Mexico

New Mexico

  • How much you need to be in the top 5%: $192,480

  • Average household income for the top 5%: $314,941

  • Average household income for the entire state: $71,591

  • How much more the average 5% makes than the average person: 4.4x

Lower Manhattan cityscape.
Lower Manhattan cityscape.

New York

  • How much you need to be in the top 5%: $250,000

  • Average household income for the top 5%: $553,773

  • Average household income for the entire state: $107,355

  • How much more the average 5% makes than the average person: 5.2x

A foggy and colorful sunrise in Charlotte, North Carolina during the morning rush hour traffic.
A foggy and colorful sunrise in Charlotte, North Carolina during the morning rush hour traffic.

North Carolina

  • How much you need to be in the top 5%: $213,009

  • Average household income for the top 5%: $367,316

  • Average household income for the entire state: $80,037

  • How much more the average 5% makes than the average person: 4.6x

Fargo, North Dakota
Fargo, North Dakota

North Dakota

  • How much you need to be in the top 5%: $220,611

  • Average household income for the top 5%: $373,709

  • Average household income for the entire state: $85,551

  • How much more the average 5% makes than the average person: 4.4x

downtown Toledo Ohio's skyline at sunset from across the Maumee river.
downtown Toledo Ohio's skyline at sunset from across the Maumee river.

Ohio

  • How much you need to be in the top 5%: $204,940

  • Average household income for the top 5%: $354,673

  • Average household income for the entire state: $79,505

  • How much more the average 5% makes than the average person: 4.5x

Oklahoma City Oklahoma
Oklahoma City Oklahoma

Oklahoma

  • How much you need to be in the top 5%: $194,523

  • Average household income for the top 5%: $352,070

  • Average household income for the entire state: $75,537

  • How much more the average 5% makes than the average person: 4.7x

Portland, Oregon, USA skyline at dusk with Mt.
Portland, Oregon, USA skyline at dusk with Mt.

Oregon

  • How much you need to be in the top 5%: $229,747

  • Average household income for the top 5%: $365,465

  • Average household income for the entire state: $88,449

  • How much more the average 5% makes than the average person: 4.1x

Skyline of downtown Philadelphia at sunset USA.
Skyline of downtown Philadelphia at sunset USA.

Pennsylvania

  • How much you need to be in the top 5%: $233,467

  • Average household income for the top 5%: $403,160

  • Average household income for the entire state: $87,789

  • How much more the average 5% makes than the average person: 4.6x

Providence, Rhode Island
Providence, Rhode Island

Rhode Island

  • How much you need to be in the top 5%: $235,524

  • Average household income for the top 5%: $406,567

  • Average household income for the entire state: $92,553

  • How much more the average 5% makes than the average person: 4.4x

Myrtle Beach South Carolina at sunset
Myrtle Beach South Carolina at sunset

South Carolina

  • How much you need to be in the top 5%: $204,826

  • Average household income for the top 5%: $355,363

  • Average household income for the entire state: $78,188

  • How much more the average 5% makes than the average person: 4.5x

Sioux Falls South Dakota
Sioux Falls South Dakota

South Dakota

  • How much you need to be in the top 5%: $190,156

  • Average household income for the top 5%: $317,665

  • Average household income for the entire state: $77,650

  • How much more the average 5% makes than the average person: 4.1x

Nashville TN Skyline with Cumberland river in view.
Nashville TN Skyline with Cumberland river in view.

Tennessee

  • How much you need to be in the top 5%: $205,063

  • Average household income for the top 5%: $366,578

  • Average household income for the entire state: $78,035

  • How much more the average 5% makes than the average person: 4.7x

view of the skyline of Dallas financial district during a beautiful bright blue day.
view of the skyline of Dallas financial district during a beautiful bright blue day.

Texas

  • How much you need to be in the top 5%: $241,212

  • Average household income for the top 5%: $408,263

  • Average household income for the entire state: $89,681

  • How much more the average 5% makes than the average person: 4.6x

Find Out: 31 Dumb Things That Are Keeping You From Being Wealthy

Salt lake City downtown and snow capped mountain.
Salt lake City downtown and snow capped mountain.

Utah

  • How much you need to be in the top 5%: $235,835

  • Average household income for the top 5%: $403,396

  • Average household income for the entire state: $96,415

  • How much more the average 5% makes than the average person: 4.2x

The village of South Peacham nestled in the hill side of Vermont.
The village of South Peacham nestled in the hill side of Vermont.

Vermont

  • How much you need to be in the top 5%: $212,823

  • Average household income for the top 5%: $343,288

  • Average household income for the entire state: $83,015

  • How much more the average 5% makes than the average person: 4.1x

Downtown Richmond, Virginia On A Sunny Winter Day.
Downtown Richmond, Virginia On A Sunny Winter Day.

Virginia

  • How much you need to be in the top 5%: $250,000

  • Average household income for the top 5%: $455,891

  • Average household income for the entire state: $105,091

  • How much more the average 5% makes than the average person: 4.3x

A scenic view of the Space Needle in Seattle, WA and the Mt. Rainier
A scenic view of the Space Needle in Seattle, WA and the Mt. Rainier

Washington

  • How much you need to be in the top 5%: $250,000

  • Average household income for the top 5%: $457,171

  • Average household income for the entire state: $105,775

  • How much more the average 5% makes than the average person: 4.3x

sunset over Charleston West Virginia
sunset over Charleston West Virginia

West Virginia

  • How much you need to be in the top 5%: $171,816

  • Average household income for the top 5%: $280,030

  • Average household income for the entire state: $65,842

  • How much more the average 5% makes than the average person: 4.3x

Milwaukee Wisconsin
Milwaukee Wisconsin

Wisconsin

  • How much you need to be in the top 5%: $202,582

  • Average household income for the top 5%: $345,564

  • Average household income for the entire state: $82,899

  • How much more the average 5% makes than the average person: 4.2x

Jackson Hole, Wyoming downtown
Jackson Hole, Wyoming downtown

Wyoming

  • How much you need to be in the top 5%: $199,944

  • Average household income for the top 5%: $339,640

  • Average household income for the entire state: $83,155

  • How much more the average 5% makes than the average person: 4.1x

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John Csiszar contributed to the reporting of this article.

Methodology: GOBankingRates found how much a household has to make pre-tax to be in the top 5% highest-earning households in each state by analyzing the Census Bureau's 2019 American Community Survey (ACS). GOBankingRates took the 2019 ACS data on "Household Income Quintile Upper Limits" and found each state's (1) lower income limit of the top-5 percent of households. Supplemental data compiled includes (2) average household income of the top 5%; (3) average household income for the entire state; and (4) how much more the average 5% household makes than the overall average household in each state. All data were collected on and up to date as of November 19, 2020.

Data are accurate as of Dec. 2, 2020, and is subject to change.

This article originally appeared on GOBankingRates.com: How Much You Need To Be in the Top 5% in Every State