(Nexstar) – For some, earning It is enough to “live comfortably” It may be a challenge. But for others, their income may push them to the top 1 % of their owners.
It may leave you wondering – how close you are from the top?
On the national level, there are approximately 1.5 million families that bring enough money annually to be among the best 1 %, which is a new study from the personal finance site Smartasset He found. This is more than the inhabitants of Dallas or San Diego, but about half of the Chicago population, for the context.
In general, Smartasset has determined that the average threshold for its classification among the senior owners of the nation is an annual family income of $ 731,000. In 11 states and province of Colombia, you will need more.
Colombia’s boycott has a necessary threshold to classify it as the largest profit. There, you will need a home income of about $ 1.07 million – only about 3,300 families in the country’s capital, according to Smartasset. In Connecticut, the income floor is slightly lower at about $ 1.06 million.
Not far from the capital, in West Virginia, a family that earns less than half of that – specifically is about $ 416,300 – will be considered among the highest 1 %. About 7,300 families fall in this category.
In three other states, the income of the family of less than half a million dollars will lead you to the upper group of its owners: Mississippi, New Mexico and Kentucky.
The interactive map below, which includes data from Smartasset, shows the amount of it is one of the best 1 % of its owners in each state.
On the mobile phone, you can use two fingers to be enlarged or outside, and transfer the map.
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Does he feel the highest 1 % far from hand? In most cases, entry to the top of 5 % may seem more manageable. On the national level, the average threshold for these owners is slightly more than 287,100 dollars. Nearly 7.5 million qualified families – this is more than the common population in Dallas, San Diego and Chicago.
The Colombia region again has the highest threshold to qualify as the 5 % of its owners with about $ 412,000. Elsewhere else is the family income of more than $ 400,000 required.
On the opposite end of the range, Mississippi came out with a slight difference from West Virginia due to the lowest family income threshold to abandon 95 % of the owners of the state. There, you only need about 195,100 dollars, less than the western Virginia threshold of about 196,300 dollars.
The interactive map below shows the amount it takes in the rank among the best 5 % of its owners in each state.
On the mobile phone, you can use two fingers to be enlarged or outside, and transfer the map.
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Smartasset used IRS 2022 tax approval data, which is the latest available, to analyze and modify it to $ 2025. You can view A complete study here.
Earlier this year, the site found that one person lives in the country’s largest city would need an income of at least $ 85,000 to live comfortably. A four -person family will need about $ 200,000. In some cities, however, that The standards may be much higher.
Meanwhile, new research shows that more Americans convert their money from examining accounts and savings accounts into financial vehicles that pay investment income – a trend that helps explain the elasticity of the American economy after a seizure ofHigh inflationThe last uncertainty due to the definitions.
Examination of the analysis conducted by the JPMORGANCASE Institute of 4.7 million families and found that the total cash reserves of people are increasing when new sums are included in brokerage accounts, financial market funds and deposit certificates to assess the well -being of people.
The analysis said that since mid -2024, total cash reserves have exceeded that the modified cash balances that have been adjusted to verify the audit and savings accounts “are low with the flat growth path”, but since the mid -2024.
“Families are witnessing many income teams now a transformation in their total money,” said Chris Witt, head of the institute.
The Associated Press contributed to this report.