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This Is How Much Money Makes You Rich in Your State, According to Data

The annual income you need to make to be considered wealthy varies by state.

butler's hand in white glove holding a small bell
Shutterstock
Paul Thompson
By Paul ThompsonJun 01, 2021
Paul Thompson
See Full Bio

From a strictly financial perspective, do you consider yourself a rich or wealthy person? If you're having trouble coming up with an answer, don't worry—it's a more complex question than you might think. Unless you are a multi-millionaire with more cash than you can count, you may be considered rich and not even know it. What's more, the bar changes depending on where you live. At least that's what a new report from GOBankingRates hints at. Using the latest data from the U.S. Census Bureau's American Community Survey, the financial site calculated the minimum annual income you need to be considered among the top five percent of moneymakers where you live. Read on to discover how much money you need to make every year to be considered rich in your state.

RELATED: This Is the Richest Zip Code in Your State, Data Shows.

1 | Alabama

city skyline of birmingham, alabamaVon Sean Pavone / Shutterstock

Income needed to be in the top five percent: $189,695

2 | Alaska

cityscape photo of mountains, buildings, and a river in Anchorage, AlaskaShutterstock

Income needed to be in the top five percent: $242,208

3 | Arizona

downtown phoenix arizonaShutterstock

Income needed to be in the top five percent: $220,936

4 | Arkansas

Overlook of the town of Fayetteville, Arkansas with the University of ArkansasiStock

Income needed to be in the top five percent: $176,997

5 | California

walkway pier, palm trees, oceanside, californiaJon Bilous / Shutterstock

Income needed to be in the top five percent: $250,000

RELATED: This Is the Richest Person in Every State.

6 | Colorado

landscape photo of Cottonwood Pass, Colorado in the afternoonShutterstock

Income needed to be in the top five percent: $250,000

7 | Connecticut

Fair Haven is a neighborhood in the eastern part of the city of New Haven, Connecticut, between the Mill and Quinnipiac rivers.iStock

Income needed to be in the top five percent: $250,000

8 | Delaware

the Christina River and Brandywine Creek in downtown Wilmington, DelawareiStock

Income needed to be in the top five percent: $235,059

9 | Florida

seaside miami floridaShutterstock

Income needed to be in the top five percent: $226,319

RELATED: This Is How Much Money People Your Age Make on Average, Data Shows.

10 | Georgia

historic district, savannah, Georgia, skylinef11photo / Shutterstock

Income needed to be in the top five percent: $233,979

11 | Hawaii

An aerial shot of downtown Honolulu, Hawaii from the water looking inland.iStock

Income needed to be in the top five percent: $250,000

12 | Idaho

cityscape photo of downtown Bosie, IdahoShutterstock

Income needed to be in the top five percent: $199,218

13 | Illinois

IllinoisShutterstock

Income needed to be in the top five percent: $250,000

14 | Indiana

Landscape photo of Brown County State Park, IndianaShutterstock

Income needed to be in the top five percent: $194,407

15 | Iowa

cedar rapids iowa best and worst places in the U.S. to be LGBTQShutterstock

Income needed to be in the top five percent: $199,328

16 | Kansas

field of wheat in central Kansas is nearly ready for harvest. iStock

Income needed to be in the top five percent: $211,256

17 | Kentucky

farm house in kentucky, grassanthony heflin / Shutterstock

Income needed to be in the top five percent: $185,241

18 | Louisiana

boat docked in the channel next to tress in New Orleans, LouisianaiStock

Income needed to be in the top five percent: $199,417

19 | Maine

acadia national park maine state natural wondersShutterstock

Income needed to be in the top five percent: $202,639

20 | Maryland

chesapeake bay in annapolis marylandShutterstock

Income needed to be in the top five percent: $250,000

21 | Massachusetts

MassachusettsShutterstock

Income needed to be in the top five percent: $250,000

22 | Michigan

Sault Ste. Marie, MichiganShutterstock

Income needed to be in the top five percent: $209,099

23 | Minnesota

downtown minneapolis skylineiStock

Income needed to be in the top five percent: $244,552

24 | Mississippi

Madison, MississippiShutterstock

Income needed to be in the top five percent: $172,337

25 | Missouri

columbia missouriShutterstock

Income needed to be in the top five percent: $201,541

26 | Montana

View from mountain in montanaShutterstock

Income needed to be in the top five percent: $187,867

27 | Nebraska

omaha nebraskaShutterstock

Income needed to be in the top five percent: $203,793

28 | Nevada

hotels and casinos in las vegas, nevadaSean Pavone / Shutterstock

Income needed to be in the top five percent: $221,626

29 | New Hampshire

Lake Sunapee is located within Sullivan County and Merrimack County in western New Hampshire, the United States. It is the fifth-largest lake located entirely in New Hampshire.DenisTangneyJr / iStock

Income needed to be in the top five percent: $250,000

30 | New Jersey

the beach at ocean grove in new jerseyShutterstock/gary718

Income needed to be in the top five percent: $250,000

31 | New Mexico

Santa Fe, New Mexico, USAiStock

Income needed to be in the top five percent: $192,480

32 | New York

New York's Central ParkShutterstock

Income needed to be in the top five percent: $250,000

33 | North Carolina

north carolina, outerbanks, lighthouseMarkVanDykePhotography / Shutterstock

Income needed to be in the top five percent: $213,009

34 | North Dakota

cityscape photo Fargo, North Dakota in the afternoonShutterstock

Income needed to be in the top five percent: $220,611

35 | Ohio

Riverscape Park in Dayton, Ohio in autumnShutterstock

Income needed to be in the top five percent: $204,940

36 | Oklahoma

tulsa oklahoma skylineShutterstock

Income needed to be in the top five percent: $194,523

37 | Oregon

Portland, OregonShutterstock

Income needed to be in the top five percent: $229,747

38 | Pennsylvania

a road in jim thorpe pennsylvaniaShutterstock

Income needed to be in the top five percent: $233,467

39 | Rhode Island

newport is a city in Newport County, Rhode Island, United States, about 30 miles south of Providence. Newport, also known as The City by the Sea, has been one of America's premier vacation destinations. Newport has more historic structures from the eighteenth century than any other city in America.iStock

Income needed to be in the top five percent: $235,524

40 | South Carolina

charleston south carolina from aboveShutterstock

Income needed to be in the top five percent: $204,826

41 | South Dakota

rapid city, south dakotaiStock

Income needed to be in the top five percent: $190,156

42 | Tennessee

Gatlinburg Tennessee Tourist Traps That Locals HateSean Pavone / Shutterstock

Income needed to be in the top five percent: $205,063

43 | Texas

cityscape photo of San Antonio, Texas at duskShutterstock

Income needed to be in the top five percent: $241,212

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44 | Utah

main street park city utah with beautiful mountain viewShutterstock

Income needed to be in the top five percent: $235,835

45 | Vermont

burlington vermont from the waterfrontShutterstock

Income needed to be in the top five percent: $212,823

46 | Virginia

landscape photo of Buchanan, VirginiaShutterstock

Income needed to be in the top five percent: $250,000

47 | Washington

the Columbia River Renaissance Trail and house in Vancouver, WashingtoniStock

Income needed to be in the top five percent: $250,000

48 | West Virginia

high street harpers ferry west virginiaShutterstock

Income needed to be in the top five percent: $171,816

49 | Wisconsin

Green Bay is a city in and the county seat of Brown County in the U.S. state of Wisconsin, at the head of Green Bay, a sub-basin of Lake MichiganiStock

Income needed to be in the top five percent: $202,582

50 | Wyoming

Jackson hole WyomingiStock

Income needed to be in the top five percent: $199,944

RELATED: This Is How Much Money People Your Age Have on Average, Data Shows.

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