Percentage of Households Making Over 200k 2024 (2024)

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Percentage of Households Making Over 200k 2024 (1)

District of Columbia

19.8%

New Jersey

14.8%

Massachusetts

14.3%

Maryland

13.4%

California

13.3%

Connecticut

13.2%

Virginia

11.6%

New York

11.5%

Hawaii

11.3%

Washington

10.5%

New Hampshire

9.7%

Alaska

8.8%

Illinois

8.8%

Minnesota

8.5%

Texas

7.8%

Rhode Island

7.7%

Delaware

7.6%

Oregon

7.2%

Georgia

7.1%

Pennsylvania

7.1%

Utah

7%

Arizona

6.4%

Florida

6.4%

North Carolina

6%

North Dakota

6%

Vermont

6%

Nevada

5.9%

Kansas

5.7%

Michigan

5.7%

Missouri

5.2%

Nebraska

5.2%

Ohio

5.2%

Wisconsin

5.2%

South Carolina

5.1%

Tennessee

5.1%

Iowa

5%

Wyoming

5%

Maine

4.9%

Idaho

4.7%

Louisiana

4.7%

Montana

4.7%

Indiana

4.5%

Oklahoma

4.5%

Alabama

4.4%

South Dakota

4.4%

Kentucky

4.2%

New Mexico

4.1%

Arkansas

4%

Mississippi

3.4%

West Virginia

3.1%

Percentage of Households Making Over 200k 2024

The states with the highest percentage of people who make over $200,000 per year include:

  • In New Jersey, close to 14 percent of households make over $200,000 per year.
  • In Connecticut, close to 13 percent of households make over $200,000 per year.
  • In Maryland, close to 13 percent of households make over $200,000 per year.
  • In Massachusetts, close to 13 percent of households make over $200,000 per year.
  • In California, close to 12 percent of households make over $200,000 per year.

On the other hand, the states with the lowest percentage of people who make over $200,000 per year include:

  • In Mississippi, close to 3 percent of households make over $200,000 per year.
  • In West Virginia, close to 3 percent of households make over $200,000 per year.
  • In Alabama, close to 4 percent of households make over $200,000 per year.
  • In Arkansas, close to 4 percent of households make over $200,000 per year.
  • In Idaho, close to 4 percent of households make over $200,000 per year.

Is $200,000 Per Year a Lot of Money?

There are a few reasons why people are curious about the number of households that make over $200,000. In a lot of areas, this is the line to be considered wealthy. Families that bring in $200,000 generally experience significantly less financial stress when compared to other households. This is particularly helpful for families with children, as children can increase financial expenses significantly. Furthermore, because a lot of people are concerned about inflation, many people believe that this level of income will allow them to absorb the effects of inflation for the foreseeable future.

It is also important to think about the cost of living in a certain area. It costs significantly more money to survive in New York or California than it does in many places in rural America. For example, families that are living in New York City or Los Angeles might have a hard time making $200,000 go as far as someone who is living in Mississippi or Alabama.

Why Does Pay Rate Vary By State?

When looking at the numbers above, it is obvious that the pay rate can vary by state. The biggest reason why salaries can vary from state to state is that the cost of living also varies from state to state. This means that companies will have to pay someone more money in Los Angeles in New York City to do the same job as someone who is living in Idaho or Arkansas. Furthermore, many companies that offer high-paying jobs want to be close to other major companies or corporations. As a result, these companies tend to congregate in the same area, meaning that Chicago, New York City, and Los Angeles tend to have more higher-paying jobs. This is another reason why the pay rate can vary from place to place, leading to the distribution above.

Percentage of Households Making Over 200k 2024

  • All percentages shown have a margin of error of up to 1.5%

Download Table Data

State

Over 200k

150k-200k

100k-150k

Median Household Income

Mean Household Income

District of Columbia19.8%10.3%16.4%$90,842$133,587
New Jersey14.8%10.4%17.8%$85,245$117,868
Massachusetts14.3%10.6%18%$84,385$115,964
Maryland13.4%10.8%19.3%$87,063$114,236
California13.3%9.4%17.1%$78,672$111,622
Connecticut13.2%9.6%17.6%$79,855$115,337
Virginia11.6%9%17.2%$76,398$106,023
New York11.5%8.4%16%$71,117$105,304
Hawaii11.3%10.5%19.5%$83,173$107,348
Washington10.5%8.9%18.2%$77,006$103,669
New Hampshire9.7%9.2%18.9%$77,923$101,292
Colorado9.6%8.7%18.2%$75,231$100,933
Alaska8.8%9.6%19.3%$77,790$98,811
Illinois8.8%7.8%16.6%$68,428$95,115
Minnesota8.5%8.2%18.3%$73,382$96,814
Texas7.8%7%15.6%$63,826$89,506
Rhode Island7.7%7.8%18.3%$70,305$92,427
Delaware7.6%7.7%17%$69,110$92,308
Oregon7.2%7%16.2%$65,667$88,137
Georgia7.1%6.3%14.9%$61,224$85,691
Pennsylvania7.1%6.7%15.7%$63,627$87,262
Utah7%7.8%19.2%$74,197$94,452
Arizona6.4%6.1%15%$61,529$84,380
Florida6.4%5.6%13.7%$57,703$83,104
North Carolina6%5.4%13.7%$56,642$79,620
North Dakota6%6.3%17%$65,315$85,506
Vermont6%6.1%16.4%$63,477$83,767
Nevada5.9%6.2%15.4%$62,043$84,350
Kansas5.7%5.9%15.1%$61,091$82,103
Michigan5.7%5.9%14.6%$59,234$80,803
Missouri5.2%5.3%14.2%$57,290$78,194
Nebraska5.2%6.1%15.9%$63,015$82,306
Ohio5.2%5.6%14.4%$58,116$78,797
Wisconsin5.2%6.1%16.3%$63,293$82,757
South Carolina5.1%5.2%13.4%$54,864$76,390
Tennessee5.1%4.9%13.3%$54,833$76,937
Iowa5%5.6%15.9%$61,836$80,316
Wyoming5%6.2%17.5%$65,304$83,583
Maine4.9%5.5%15%$59,489$78,301
Idaho4.7%5%14.5%$58,915$77,399
Louisiana4.7%5.3%13%$50,800$73,759
Montana4.7%5.4%13.8%$56,539$76,834
Indiana4.5%5.2%14.7%$58,235$76,984
Oklahoma4.5%4.8%13.3%$53,840$74,195
Alabama4.4%4.9%13.1%$52,035$71,964
South Dakota4.4%5.1%15.1%$59,896$77,932
Kentucky4.2%4.5%13%$52,238$72,318
New Mexico4.1%4.7%12.8%$51,243$70,241
Arkansas4%4%11.7%$49,475$69,357
Mississippi3.4%4.1%11.2%$46,511$65,156
West Virginia3.1%3.9%11.9%$48,037$65,332
United States8.32%7.14%15.66%$66,210$91,826

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51

rows

Sources

Percentage of Households Making Over 200k 2024 (2024)

FAQs

Percentage of Households Making Over 200k 2024? ›

The states with the highest percentage of people who make over $200,000 per year include: In New Jersey, close to 14 percent of households make over $200,000 per year. In Connecticut, close to 13 percent of households make over $200,000 per year.

What is the top 1% income in 2024? ›

Nationwide, it takes $787,712 to be in the top 1% of earners.

What percent of Americans make over 100k in 2024? ›

Percentage of Households Making Over 100k 2024
StateHouseholds Over 100k
California39.8%
New Hampshire37.8%
Virginia37.8%
Alaska37.7%
6 more rows

What percentage of families make over 250k? ›

Interestingly, California, despite being known for its high cost of living, ranks lower on the list with 10% of households earning over $250,000. This highlights the disparity within states, where certain regions or metropolitan areas may have significantly higher incomes compared to others.

What is considered middle class in the US in 2024? ›

What is the average middle class income? In 2024, a large U.S. city's middle-class income averages between $52,000 and $155,000, with the median household income across all 345 cities at $77,345, making middle-class income limits fall between $51,558 and $154,590, SmartAsset noted.

What is the upper class income range for 2024? ›

For 2024, a household of three needs an income of approximately $156,600 to be considered part of the upper class. This figure represents more than twice the national median household income, which, according to the latest data from the U.S. Census Bureau, was $70,784 in 2021.

What is a good income in 2024? ›

A Smart Asset report based on MIT's Living Wage data found that the average salary required to live comfortably in the U.S. is $68,499 after taxes. This is nearly $10,000 higher than what the average salary currently is.

What percentage of people in the US make over 200k? ›

Percentage distribution of household income in the United States in 2022
Annual household income in U.S. dollarsPercentage of U.S. households
75,000 to 99,99912.3%
100,000 to 149,99916.4%
150,000 to 199,9999.2%
200,000 and over11.9%
5 more rows
Jul 5, 2024

How common is a 6 figure salary? ›

What Percent of America Makes Six Figures? When you remove demographics such as infants, students, and stay-at-home spouses and focus only on full-time workers, around 18% of all earners in the US make at least six figures. Conversely, the median American household income in 2023 was approximately $44,225.

What is the net worth of the top 2 percent? ›

According to Kiplinger, by 2025, entering the top 2% of America's wealth will require a net worth of approximately $2.7 million, marking the threshold for elite economic status. Last year, the Schwab Modern Wealth Survey revealed Americans believe it takes $2.2 million to feel wealthy.

What percentile is 200k family income? ›

If you had an income of $200,000, that would put you in the top 12% of household incomes or the top 5% of individual incomes in 2022.

Is 200k a good salary in the US? ›

Yes, it is. In fact, that level of income significantly surpasses what a typical American worker earns in a year. But it's worth noting that your local cost of living and financial obligations can impact how far the money goes. Spending habits can, too.

What salary is considered rich for a single person? ›

Based on that figure, an annual income of $500,000 or more would make you rich. The Economic Policy Institute uses a different baseline to determine who constitutes the top 1% and the top 5%. For 2021, you're in the top 1% if you earn $819,324 or more each year. The top 5% of income earners make $335,891 per year.

What salary is upper class? ›

10 states with the highest upper class cutoffs
StateUpper class cutoffShare
California$183,10219.6%
Washington$182,61218.1%
New Hampshire$179,98417.6%
Colorado$178,60417.2%
6 more rows
May 24, 2024

What class is 250k a year? ›

Generally speaking, a household income of approximately $150,000-$250,000 is considered upper middle class.

What is a good household income? ›

The latest data from the Bureau of Labor Statistics found that the typical American makes between $62,000 and $73,000 a year. One estimate found that the median U.S. household income is $77,397. Only 18% of individual Americans make more than $100,000 a year, according to 2023 data from careers website Zippia.

What is the high income threshold for 2024? ›

From 1 July 2024, the high-income threshold in unfair dismissal cases increased to $175,000 per annum.

What is the top 1% income in the US? ›

The data from the Economic Policy Institute (EPI) shows that annual wages for the top 1% in 2021 in the U.S. reached $819,324 on average. Those considered to be in the top 0.1% earned an average of $3,312,693 annually. Meanwhile, those in the bottom 90% earned an average income of $36,571 annually, EPI data showed.

Is $100,000 a year wealthy? ›

The median salary for Americans is around $70,000 a year, according to the most recent census data from 2021. A salary of $100,000 a year, with the assumption that you are an individual without dependents, would classify an individual as upper-class — but many of these people don't feel rich.

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