BATON ROUGE – Bring in at least $423,138 in yearly income, and you’ll be among the top 1 percent of earners in Louisiana, according to a 24/7 Wall St. analysis of the ultra wealthy in every state.
The $423,138 threshold was the 34th highest among the 50 states, according to the analysis. The average income for the top 1 percent in the state is $1,066,004, and the share of all income in the state earned by the top 1 percent is 16.1 percent, 24/7 Wall St. reported.
24/7 Wall St. examined data published by the Internal Revenue Service for the 2017 tax year to calculate the minimum income level to be in the top 1 percent of earners in each state. States that have large shares of college-educated adults tend to have higher income thresholds to reach the top 1 percent, the analysis said.
Nationwide, in order to be in the top 1 percent of income earners, a person has to earn $538,926 annually, according to 24/7 Wall St. A total of 1.4 million taxpayers meet this threshold, the study says, and their average yearly income is $1.7 million, or 20 times the average earned by all U.S. taxpayers, according to the website.
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State-by-State: Minimum Income to Reach Top 1 Percent
| Rank | State | Earnings Threshold to Reach Top 1% | Average Income for Top 1% | Share of All Income Earned by Top 1% | Average Income Among All Tax Filers in State |
| 1 | Connecticut | $827,194 | $3,060,989 | 27.0% | $113,570 |
| 2 | Massachusetts | $728,272 | $2,582,633 | 23.7% | $109,082 |
| 3 | New York | $702,559 | $2,894,085 | 29.3% | $98,941 |
| 4 | New Jersey | $701,005 | $2,002,544 | 19.6% | $102,186 |
| 5 | California | $659,503 | $2,195,775 | 23.0% | $95,494 |
| 6 | Washington | $585,748 | $1,756,011 | 18.7% | $94,129 |
| 7 | Florida | $581,682 | $2,347,180 | 28.4% | $82,535 |
| 8 | Colorado | $563,672 | $1,554,182 | 17.6% | $88,153 |
| 9 | Illinois | $558,831 | $1,639,367 | 19.2% | $85,544 |
| 10 | Texas | $550,748 | $1,806,554 | 22.1% | $81,734 |
| 11 | Maryland | $532,093 | $1,355,956 | 15.3% | $88,763 |
| 12 | Virginia | $529,094 | $1,390,139 | 15.7% | $88,486 |
| 13 | Minnesota | $522,444 | $1,399,463 | 16.3% | $85,628 |
| 14 | New Hampshire | $510,178 | $1,453,974 | 16.4% | $88,867 |
| 15 | Georgia | $501,914 | $1,420,732 | 19.0% | $74,744 |
| 16 | Pennsylvania | $491,997 | $1,329,913 | 17.0% | $78,385 |
| 17 | Wyoming | $478,292 | $2,501,169 | 27.6% | $90,663 |
| 18 | Nevada | $469,328 | $1,864,084 | 24.3% | $76,757 |
| 19 | Utah | $469,198 | $1,380,676 | 17.5% | $78,979 |
| 20 | Oregon | $465,936 | $1,207,272 | 15.7% | $76,998 |
| 21 | North Dakota | $462,352 | $1,131,705 | 14.3% | $79,305 |
| 22 | Rhode Island | $457,372 | $1,214,783 | 15.9% | $76,632 |
| 23 | South Dakota | $455,582 | $1,263,238 | 17.0% | $74,418 |
| 24 | North Carolina | $453,976 | $1,131,863 | 16.0% | $70,705 |
| 25 | Kansas | $450,606 | $1,173,583 | 15.8% | $74,382 |
| 26 | Arizona | $448,795 | $1,235,517 | 17.0% | $72,696 |
| 27 | Tennessee | $441,531 | $1,227,645 | 17.8% | $68,944 |
| 28 | Delaware | $440,228 | $1,069,994 | 14.1% | $76,151 |
| 29 | Michigan | $435,271 | $1,203,724 | 16.7% | $72,227 |
| 30 | Alaska | $433,070 | $934,419 | 11.9% | $78,641 |
| 31 | Nebraska | $431,616 | $1,123,566 | 15.1% | $74,393 |
| 32 | Wisconsin | $428,490 | $1,125,867 | 15.2% | $74,199 |
| 33 | Oklahoma | $424,529 | $1,117,765 | 16.4% | $68,348 |
| 34 | Louisiana | $423,138 | $1,066,004 | 16.1% | $66,342 |
| 35 | Missouri | $419,752 | $1,136,765 | 16.3% | $69,882 |
| 36 | Montana | $416,874 | $1,066,180 | 15.6% | $68,554 |
| 37 | South Carolina | $415,810 | $1,034,585 | 15.4% | $67,102 |
| 38 | Hawaii | $414,599 | $1,044,728 | 14.1% | $74,204 |
| 39 | Ohio | $412,919 | $1,020,320 | 14.8% | $68,950 |
| 40 | Vermont | $407,661 | $1,024,754 | 14.4% | $71,068 |
| 41 | Idaho | $407,393 | $1,043,184 | 15.2% | $68,702 |
| 42 | Iowa | $402,246 | $978,158 | 13.4% | $73,171 |
| 43 | Indiana | $394,398 | $1,000,641 | 14.8% | $67,732 |
| 44 | Alabama | $390,066 | $1,011,643 | 15.5% | $65,249 |
| 45 | Maine | $389,504 | $871,388 | 13.0% | $66,809 |
| 46 | Arkansas | $377,895 | $1,483,488 | 21.9% | $67,841 |
| 47 | New Mexico | $341,111 | $840,305 | 14.0% | $60,109 |
| 48 | Kentucky | $337,532 | $900,198 | 14.1% | $64,051 |
| 49 | Mississippi | $326,182 | $751,141 | 13.4% | $55,999 |
| 50 | West Virginia | $318,831 | $651,628 | 11.1% | $58,481 |
Compiled by the Center Square
