Have you ever wondered how much the richest people in your community make each year?
SmartAsset shows how much it takes to be in each state's top 1%. The website used data from the IRS and was able to determine the minimum income required to be among the highest earners in the state.
So how much does it take to be among the top earners in Kentucky?
According to the website, you'll need to make $412,836 per year to be among the richest in the state. Actually, the state's average is so low that it's in the bottom five states with the lowest adjusted gross income to be considered among the richest.
The study shows that to be in the top 1% of earners in the entire United States, you would need to earn an income of at least $597,815 per year. Of course, that number varies by state.
The five states with the highest adjusted gross income to be considered among the richest are:
- Connecticut: $896,490
- Massachusetts: $810,256
- New York: $777, 126
- New Jersey: $760,462
- California: $745,314
The five states with the lowest adjusted gross income to be considered among the richest are:
- West Virginia: $350,212
- Mississippi: $361,462
- New Mexico: $384,427
- Arkansas: $411,633
- Kentucky: $412,836
Click here to check out just how much it takes to be int he top 1% in each state.