Heres how much you need to earn to be in the top 1% in your state and nationwide – USA TODAY

Have you ever wondered where your income ranks among your state or how to be in the top 1% of annual income? 

In the U.S. a family must earn an income of $597,815 to be considered in the top 1% of earners nationwide, according to a study by Smart Asset. But the income and rankings vary per state. 

In Connecticut, a family needs almost $900,000 to be in the top 1%, while in West Virginia a family just need $350,000.

Smart Asset analyzed income data from the Internal Revenue Service and Bureau of Labor Statistics. The data found coastal states have the highest 1% income threshold with Connecticut holding the highest income requirement to earn in the top 1%.

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Here’s how the top 1% income varies per state:

Highest top 1% income

1. Connecticut. To earn your spot among the top 1% in the state, you’ll need to make at least $896,490. 
2. Massachusetts. These Bay State residents need to earn $810,256 annually.
3. New York. To rank among the top 1% here, you must earn $777,126.
4. New Jersey. One-percenters here earn $760,462.
5. California. In this state, the top 1% earns about $745,314 annually. 

Lowest top 1% income

1. West Virginia. To make it into the top 1%, you need to earn $350,212.
2. Mississippi. Here you need to earn $361,462 annually.
3. New Mexico. Residents here must make $384,427.
4. Arkansas. To make it into the top 1%, you must earn $411,633.
5. Kentucky. In this state, the top 1% earns $412,836.

Follow Gabriela Miranda on Twitter: @itsgabbymiranda