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

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.

1 | Alabama

Von 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, Alaska

Shutterstock

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

3 | Arizona

Shutterstock

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

4 | Arkansas

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

iStock

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

5 | California

walkway pier, palm trees, oceanside, california

Jon Bilous / Shutterstock

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

6 | Colorado

landscape photo of Cottonwood Pass, Colorado in the afternoon

Shutterstock

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, Delaware

iStock

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

9 | Florida

Shutterstock

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

10 | Georgia

historic district, savannah, Georgia, skyline

f11photo / 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, Idaho

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

13 | Illinois

Shutterstock

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

14 | Indiana

Landscape photo of Brown County State Park, Indiana

Shutterstock

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 LGBTQ

Shutterstock

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

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

18 | Louisiana

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

iStock

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

19 | Maine

acadia national park maine state natural wonders

Shutterstock

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

20 | Maryland

Shutterstock

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

21 | Massachusetts

Shutterstock

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

22 | Michigan

Shutterstock

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

23 | Minnesota

iStock

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

24 | Mississippi

Shutterstock

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

25 | Missouri

Shutterstock

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

26 | Montana

Shutterstock

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

27 | Nebraska

Shutterstock

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

28 | Nevada

Sean 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

Shutterstock/gary718

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

31 | New Mexico

iStock

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

32 | New York

Shutterstock

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

33 | North Carolina

MarkVanDykePhotography / Shutterstock

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

34 | North Dakota

cityscape photo Fargo, North Dakota in the afternoon

Shutterstock

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

35 | Ohio

Riverscape Park in Dayton, Ohio in autumn

Shutterstock

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

36 | Oklahoma

Shutterstock

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

37 | Oregon

Shutterstock

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

38 | Pennsylvania

Shutterstock

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

Shutterstock

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

41 | South Dakota

iStock

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

42 | Tennessee

Gatlinburg Tennessee Tourist Traps That Locals Hate

Sean Pavone / Shutterstock

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

43 | Texas

cityscape photo of San Antonio, Texas at dusk

Shutterstock

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 view

Shutterstock

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

45 | Vermont

Shutterstock

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

46 | Virginia

Shutterstock

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

47 | Washington

the Columbia River Renaissance Trail and house in Vancouver, Washington

iStock

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

48 | West Virginia

Shutterstock

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 Michigan

iStock

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

50 | Wyoming

iStock

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

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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.

1 | Alabama

2 | Alaska

3 | Arizona

4 | Arkansas

5 | California

6 | Colorado

7 | Connecticut

8 | Delaware

9 | Florida

10 | Georgia

11 | Hawaii

12 | Idaho

13 | Illinois

14 | Indiana

15 | Iowa

16 | Kansas

17 | Kentucky

18 | Louisiana

19 | Maine

20 | Maryland

21 | Massachusetts

22 | Michigan

23 | Minnesota

24 | Mississippi

25 | Missouri

26 | Montana

27 | Nebraska

28 | Nevada

29 | New Hampshire

30 | New Jersey

31 | New Mexico

32 | New York

33 | North Carolina

34 | North Dakota

35 | Ohio

36 | Oklahoma

37 | Oregon

38 | Pennsylvania

39 | Rhode Island

40 | South Carolina

41 | South Dakota

42 | Tennessee

43 | Texas

44 | Utah

45 | Vermont

46 | Virginia

47 | Washington

48 | West Virginia

49 | Wisconsin

50 | Wyoming

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