Connecticut’s 1 Percent Earn This Much Annually

The top 1 percent in Connecticut earns an average annual income of more than $2.5 million, according to the cost information website, How Much. Connecticut’s ultra rich had the highest average annual income in the country, a visualization by the website shows.

To be part of the 1 percent in the Nutmeg State, you’d have to earn an annual income of $700,800, according to How Much. That’s the highest annual income needed among all 50 states to be considered a part of the 1 percent.

How Much notes that $700,800 is just the annual income needed to be counted among the top 1 percent in Connecticut, but the average annual income for that group is significantly higher. The average difference between these two figures for every state is $715,482, the website says.

The lowest gaps between “the richest of the rich” and the “plain rich” tended to be among states in the South, according to How Much.

Here are the top 10 states where 1 percenters have the highest average annual income:

1. Connecticut ($2,522,806)
2. New York ($2,202,480)
3. Massachusetts ($1,904,805)
4. Wyoming ($1,900,659)
5. Washington D.C. ($1,858,878)
6. California ($1,693,094)
7. New Jersey ($1,581,829)
8. Florida ($1,543,124)
9. Illinois ($1,412,024)
10. Washington ($1,383,223)

The data used in the visualization comes from the Economic Policy Institute, which released a report on income equality in the U.S. in July.

You can see How Much’s full visualization here.

Photo via Shutterstock