Naturally, the annual income you make will vary on a state-by-state basis, as will whether you fit into the top 1%; however, the median income for the top 1% in the United States is $389,436. Additionally, studies have shown that it costs $71,237 more annually for a family to live in New York than in its suburban counterparts.
-by Nikki Main
Even once you’ve entered the top 1%, if you want to maintain that status, you need to make an increase of 7.7% annually each year, according to the Washington Center for Equitable Growth. To make it into the 5% bracket, households must bring in $214,462 or higher, according to the Census Bureau. Furthermore, the top 5% of earners need to climb by .9% annually to stay in the exclusive club of the United States largest salaries. To cross the line of the 10% mark, individuals still had to be making a 6-figure income, hovering around $133,445 according to the Internal Revenue Service.
-GG
2 comments
Interesting read!
super interesting & good to know.