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What the top 1% earn in every state

  • What the top 1% earn in every state

    The average American family earns approximately $56,644 annually, which may not sound too bad to some, but a closer look at the data reveals that if the top 1% of earnerswho collectively rake in an average of $1,153,293 every yearare removed from the equation, the rest of the country is left with an average annual income of only $45,567, a staggeringly lower figure, which accounts for the extra few million people accumulating all that additional wealth.

    While there exists a great deal of moral subjectivity as to whether or not action should be taken to combat the nation’s all-time highest levels of income inequality, there is no debate as to the fact that it is taking place. The wealthiest 1% of Americans have nearly twice as much as the bottom 90% combined.

    Referencing a 2016 report from the Economic Policy Institute, Stacker composed a list of the states whose wealthiest 1% earn the highest average annual incomes. For reference, the average earnings for the bottom 99% of residents, as well as the ratio comparing total incomes of the top 1% and everybody else, have been provided for all 50 states and the District of Columbia. Read on to learn how severe income inequality is in every state.

    RELATED: Click here to read about the wealthiest counties in the U.S.

  • #51. West Virginia

    Average income for top 1%: $488,634
    Average income for bottom 99%: $34,407
    Ratio of 1% income to 99% income: 14.2

     

  • #50. Mississippi

    Average income for top 1%: $565,813
    Average income for bottom 99%: $33,383
    Ratio of 1% income to 99% income: 16.9

     

  • #49. New Mexico

    Average income for top 1%: $593,739
    Average income for bottom 99%: $37,995
    Ratio of 1% income to 99% income: 15.6

     

  • #48. Maine

    Average income for top 1%: $612,494
    Average income for bottom 99%: $41,165
    Ratio of 1% income to 99% income: 14.9

     

  • #47. Kentucky

    Average income for top 1%: $619,585
    Average income for bottom 99%: $37,371
    Ratio of 1% income to 99% income: 16.6

     

  • #46. Alabama

    Average income for top 1%: $665,097
    Average income for bottom 99%: $38,854
    Ratio of 1% income to 99% income: 17.1

     

  • #45. South Carolina

    Average income for top 1%: $668,739
    Average income for bottom 99%: $36,950
    Ratio of 1% income to 99% income: 18.1

     

  • #44. Hawaii

    Average income for top 1%: $690,073
    Average income for bottom 99%: $51,033
    Ratio of 1% income to 99% income: 13.5

     

  • #43. Iowa

    Average income for top 1%: $714,758
    Average income for bottom 99%: $51,248
    Ratio of 1% income to 99% income: 13.9

     

  • #42. Indiana

    Average income for top 1%: $717,688
    Average income for bottom 99%: $43,426
    Ratio of 1% income to 99% income: 16.5

     

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