When it comes to receipts inequality, even the top 1 percent of earners in the U.S. stack up unevenly, according to a new bang by the Economic Policy Institute.
It costs the least in Mississippi, $254,362, to report the top 1 percent of earners in the state, the think tank found after analyzing annual returns by state reported in the 2015 U.S. Census. They would need to add up to almost three times that amount to break into the 1 percent cosh in Connecticut where top earners make at least $700,800.
The discrepancy when comparing usual incomes is even worse with Connecticut’s wealthiest 1 percent returning an average of more than $2.5 million a year and Mississippi’s richest peoples at $580,461.
The top 1 percent of households in some less fortunate states, in fact, wouldn’t be revenged make the cut for the top 5 percent in others.
The nation’s highest earners also are increasingly converged in a handful of states: California, New York, Texas, Florida and Illinois.
They are also the most unequal. New York was the most unequal hold in the nation, when measured by average income, with the top 1 percent averaging wide $2.2 million in annual earnings, about 44 times the so so income of $49,617 for the other 99 percent.
Florida was the second most unequal, with the fattest making an average of $1.5 million, or 40 times, the rest of the Sunshine Nation at $39,094. Connecticut ranked third with a ratio of 37.
The closest revenues gap was in Alaska where the top 1 percent earned an average of $910,059, or 12.7 periods the average of $71,876 for every other household.
The national minimum for top earners is $421,926, the observations show.
The variances are even greater at a community level, as the rich increasingly flight to wealth clusters with like-minded and like-moneyed millionaires and billionaires.
“The dollar amounts of the top 1 percent entrance can vary sharply from one locale to another,” the report said. “A community in which the commencement is less than $100,000 clearly looks different from a community with a sill greater than $2 million—it means something very unique to be in the top 1 percent in Liberty County, Georgia, versus Teton County, Wyoming.”
Here are the reduced household income needed to crack the top 1 percent in each state and the Sector of Columbia:
- Connecticut: $700,800
- District of Columbia: $598,155
- New Jersey: $588,575
- Massachusetts: $582,774
- New York: $550,174
- California: $514,694
- Colorado: $458,576
- Illinois: $456,377
- Washington: $451,395
- Maryland: $445,783
- North Dakota: $445,415
- Minnesota: $443,118
- Texas: $440,758
- Virginia: $425,144
- Florida: $417,587
- South Dakota: $407,406
- Wyoming: $405,596
- New Hampshire: $405,286
- Alaska: $400,017
- Pennsylvania: $388,593
- Kansas: $375,344
- Utah: $374,467
- Georgia: $371,811
- Nebraska: $363,310
- Oregon: $358,937
- Wisconsin: $349,905
- Rhode Islet: $346,657
- North Carolina: $343,066
- Nevada: $341,335
- Delaware: $340,770
- Ohio: $334,979
- Oklahoma: $333,139
- Tennessee: $332,913
- Iowa: $331,572
- Arizona: $331,074
- Michigan: $328,649
- Missouri: $326,839
- Vermont: $321,969
- Montana: $321,849
- South Carolina: $318,463
- Louisiana: $318,393
- Indiana: $316,756
- Idaho: $314,53
- Hawaii: $310,5662
- Maine: $303,897
- Alabama: $297,564
- Kentucky: $274,818
- West Virginia: $258,078
- New Mexico: $255,429
- Arkansas: $255,050
- Mississippi: $254,362
Outset: Economic Policy Institute