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

Curious how many high- and low-income people your state has? Find out by viewing MoneyRates.com's full 50-state list.

Written by Richard Barrington

Financial Expert

Edited by Kristin Marino

Managing Editor

Why MoneyRates is your trusted source

Key Takeaways

Connecticut is the state with the highest number of people who earn $1 million or more per year.
West Virginia has the lowest number of earners earning $1 million or more annually.
Other East Coast state with million dollar earners include New York, New Jersey, Massachusetts, and District of Colombia.

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.

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.

More from MoneyRates:

The best savings accounts: What savers should know

Money markets accounts vs. savings accounts

Synchrony Bank’s Perks rewards program (formerly Optimizer Plus): A review

Richard Barrington

Financial Analyst

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.

Home » research-center » US States With The Most High and Low Earners – Full 50-State List