Countrywide in 2020, median, average, and top 1% household income were $68,400.00, $97,973.61, and $531,020.00. Top earners in the Bluegrass State earn about $122,000 more on average than the median earner, amounting to a 252.8% jump. That block of statistics does hide information. Top 10% income: $228,845 The thin air of Colorado also seems to contribute to sky-high salaries, with the state’s top 10% earning $160,034 more than its median earners, a spread of 232.6%. Heed the warning from above: that information obscures the disparities between workers in various states. Florida is the first state in the list with a top 10% earning at least $200,000, a significant 276.2% above the median income. Enter pre-tax income earned between January and December 2019 and select a state and income type to compare an income percentile. The state’s high median income is a main reason why. in English with a Specialization in Business from UCLA, John Csiszar worked in the financial services industry as a registered representative for 18 years. The gap between top and median earners in Missouri is about average, amounting to $129,251, or 241.3%. Louisiana has one of the lowest median incomes in the nation, but the top 10% still does quite well. 7. Based on the Internal Revenue Service’s 2015 database below, here’s how much the top Americans make. © 2020 GOBankingRates. To help highlight the disparities, GOBankingRates analyzed U.S. Census Bureau data from the 2018 American Community Survey to determine quintile mean income and the amount earned by the top 10% of earners in each state. entry-level jobs that pay far above the median incomes, This Is the Living Wage You Need in All 50 States, Best Place To Live on a $100,000 Salary in Every State, You Might Actually Be Able To Afford a Mansion in These 20 States. The top 5% of households, three quarters of whom had two income earners, had incomes of $166,200 (about 10 times the 2009 US minimum wage, for one income earner, and about 5 times the 2009 US minimum wage for two income earners) or higher, with the top 10… If you’re in the top 10% of income earners in Oklahoma, you pull down about 243% more than the median income. Along the way, Csiszar earned both Certified Financial Planner and Registered Investment Adviser designations, in addition to being licensed as a life agent, while working for both a major Wall Street wirehouse and for his own investment advisory firm. Top 5%: $159,619 If you’re earning a median income in Oregon, you’ll need to pull down about 234.7% more if you want to crack the top 10%. However, the size of this gap can vary widely depending on where you live.
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