US States With The Most High and Low Earners – Full 50-State List

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If you didn’t see your state in the top 10 states for high and low earners, you can find how it ranked in this study in the tables below.

Here are the states as ranked by their percentage of taxpayers who earn $1 million or more annually. The figure beside each state represents the percentage of taxpayers who fall into this category.

1. Connecticut 0.63%
2. District of Columbia 0.55%
3. New York 0.47%
4. Massachusetts 0.42%
5. New Jersey 0.40%
6. North Dakota 0.35%
7. California 0.35%
8. Texas 0.32%
9. Florida 0.31%
10. Illinois 0.31%
11. Wyoming 0.30%
12. Colorado 0.27%
13. Maryland 0.26%
14. Nevada 0.26%
15. South Dakota 0.26%
16. Minnesota 0.25%
17. Washington 0.25%
18. Virginia 0.24%
19. Oklahoma 0.24%
20. Louisiana 0.23%
21. Pennsylvania 0.22%
22. Kansas 0.21%
23. Nebraska 0.21%
24. Utah 0.21%
25. New Hampshire 0.21%
26. Georgia 0.20%
27. Arkansas 0.19%
28. Wisconsin 0.19%
29. Delaware 0.19%
30. Tennessee 0.18%
31. Rhode Island 0.18%
32. Missouri 0.18%
33. Arizona 0.18%
34. Michigan 0.17%
35. Ohio 0.17%
36. Iowa 0.17%
37. Montana 0.16%
38. North Carolina 0.16%
39. Oregon 0.16%
40. Idaho 0.15%
41. Vermont 0.15%
42. Indiana 0.15%
43. Alaska 0.14%
44. South Carolina 0.14%
45. Arkansas 0.14%
46. Hawaii 0.13%
47. Maine 0.13%
48. New Mexico 0.13%
49. Kentucky 0.13%
50. Mississippi 0.12%
51. West Virginia 0.10%

And here are the states as ranked by their percentage of taxpayers who earn $25,000 or less annually. Again, the figure beside each state represents the percentage of taxpayers who fall into this category.

1. Mississippi 48.57%
2. Florida 46.52%
3. New Mexico 45.07%
4. Arkansas 44.96%
5. Georgia 44.72%
6. Alaska 44.67%
7. South Carolina 44.60%
8. Tennessee 44.38%
9. Louisiana 44.35%
10. Michigan 43.92%
11. West Virginia 43.43%
12. Kentucky 43.38%
13. Montana 43.31%
14. North Carolina 42.45%
15. Indiana 42.26%
16. Missouri 42.14%
17. Idaho 42.09%
18. Texas 41.82%
19. Arizona 41.15%
20. Oklahoma 40.94%
21. Maine 40.75%
22. New York 40.71%
23. Ohio 40.59%
24. Nevada 40.21%
25. Vermont 40.14%
26. South Dakota 40.09%
27. California 39.88%
28. Oregon 39.87%
29. Rhode Island 39.84%
30. Pennsylvania 39.58%
31. Kansas 39.45%
32. Illinois 39.33%
33. Wyoming 39.19%
34. Wisconsin 38.93%
35. Utah 38.37%
36. Nebraska 38.33%
37. Hawaii 37.65%
38. Delaware 37.39%
39. Iowa 36.81%
40. Alaska 36.53%
41. Colorado 36.45%
42. New Hampshire 36.05%
43. New Jersey 35.98%
44. Minnesota 35.86%
45. Virginia 35.46%
46. North Dakota 35.03%
47. Massachusetts 34.99%
48. Washington 34.89%
49. Connecticut 34.80%
50. Maryland 33.79%
51. District of Columbia 32.11%

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Richard Barrington, a Senior Financial Analyst at MoneyRates, brings over three decades of financial services expertise to the table. His insightful analyses and commentary have made him a sought-after voice in media, with appearances on Fox Business News, NPR, and quotes in major publications like The Wall Street Journal and The New York Times. His proficiency is further solidified by the prestigious Chartered Financial Analyst (CFA) designation, highlighting Richard’s depth of knowledge and commitment to financial excellence.
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