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DC
19.8%
New Jersey
14.8%
Massachusetts
14.3%
Maryland
13.4%
California
13.3%
Connecticut
13.2%
Virginia
11.6%
New York
11.5%
Hawaii
11.3%
Washington
10.5%
New Hampshire
9.7%
Colorado
9.6%
Alaska
8.8%
Illinois
8.8%
Minnesota
8.5%
Texas
7.8%
Rhode Island
7.7%
Delaware
7.6%
Oregon
7.2%
Georgia
7.1%
Pennsylvania
7.1%
Utah
7%
Arizona
6.4%
Florida
6.4%
North Carolina
6%
North Dakota
6%
Vermont
6%
Nevada
5.9%
Kansas
5.7%
Michigan
5.7%
Missouri
5.2%
Nebraska
5.2%
Ohio
5.2%
Wisconsin
5.2%
South Carolina
5.1%
Tennessee
5.1%
Iowa
5%
Wyoming
5%
Maine
4.9%
Idaho
4.7%
Louisiana
4.7%
Montana
4.7%
Indiana
4.5%
Oklahoma
4.5%
Alabama
4.4%
South Dakota
4.4%
Kentucky
4.2%
New Mexico
4.1%
Arkansas
4%
Mississippi
3.4%
West Virginia
3.1%

Percentage of Households Making Over 200k 2023

Percentage of Households Making Over 200k 2023

The states with the highest percentage of people who make over $200,000 per year include:

  • In New Jersey, close to 14 percent of households make over $200,000 per year.
  • In Connecticut, close to 13 percent of households make over $200,000 per year.
  • In Maryland, close to 13 percent of households make over $200,000 per year.
  • In Massachusetts, close to 13 percent of households make over $200,000 per year.
  • In California, close to 12 percent of households make over $200,000 per year.

On the other hand, the states with the lowest percentage of people who make over $200,000 per year include:

  • In Mississippi, close to 3 percent of households make over $200,000 per year.
  • In West Virginia, close to 3 percent of households make over $200,000 per year.
  • In Alabama, close to 4 percent of households make over $200,000 per year.
  • In Arkansas, close to 4 percent of households make over $200,000 per year.
  • In Idaho, close to 4 percent of households make over $200,000 per year.

Is $200,000 Per Year a Lot of Money?

There are a few reasons why people are curious about the number of households that make over $200,000. In a lot of areas, this is the line to be considered wealthy. Families that bring in $200,000 generally experience significantly less financial stress when compared to other households. This is particularly helpful for families with children, as children can increase financial expenses significantly. Furthermore, because a lot of people are concerned about inflation, many people believe that this level of income will allow them to absorb the effects of inflation for the foreseeable future.

It is also important to think about the cost of living in a certain area. It costs significantly more money to survive in New York or California than it does in many places in rural America. For example, families that are living in New York City or Los Angeles might have a hard time making $200,000 go as far as someone who is living in Mississippi or Alabama.

Why Does Pay Rate Vary By State?

When looking at the numbers above, it is obvious that the pay rate can vary by state. The biggest reason why salaries can vary from state to state is that the cost of living also varies from state to state. This means that companies will have to pay someone more money in Los Angeles in New York City to do the same job as someone who is living in Idaho or Arkansas. Furthermore, many companies that offer high-paying jobs want to be close to other major companies or corporations. As a result, these companies tend to congregate in the same area, meaning that Chicago, New York City, and Los Angeles tend to have more higher-paying jobs. This is another reason why the pay rate can vary from place to place, leading to the distribution above.

  1. District of Columbia: 19.8%
  2. New Jersey: 14.8%
  3. Massachusetts: 14.3%
  4. Maryland: 13.4%
  5. California: 13.3%
  6. Connecticut: 13.2%
  7. Virginia: 11.6%
  8. New York: 11.5%
  9. Hawaii: 11.3%
  10. Washington: 10.5%

Percentage of Households Making Over 200k 2023

Percentage of Households Making Over 200k 2023

Notes:
- All percentages shown have a margin of error of up to 1.5%

Download Table Data

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State
Over 200k
150k-200k
100k-150k
Median Household Income
Mean Household Income
District of Columbia19.8%10.3%16.4%$90,842$133,587
New Jersey14.8%10.4%17.8%$85,245$117,868
Massachusetts14.3%10.6%18%$84,385$115,964
Maryland13.4%10.8%19.3%$87,063$114,236
California13.3%9.4%17.1%$78,672$111,622
Connecticut13.2%9.6%17.6%$79,855$115,337
Virginia11.6%9%17.2%$76,398$106,023
New York11.5%8.4%16%$71,117$105,304
Hawaii11.3%10.5%19.5%$83,173$107,348
Washington10.5%8.9%18.2%$77,006$103,669
New Hampshire9.7%9.2%18.9%$77,923$101,292
Colorado9.6%8.7%18.2%$75,231$100,933
Alaska8.8%9.6%19.3%$77,790$98,811
Illinois8.8%7.8%16.6%$68,428$95,115
Minnesota8.5%8.2%18.3%$73,382$96,814
Texas7.8%7%15.6%$63,826$89,506
Rhode Island7.7%7.8%18.3%$70,305$92,427
Delaware7.6%7.7%17%$69,110$92,308
Oregon7.2%7%16.2%$65,667$88,137
Georgia7.1%6.3%14.9%$61,224$85,691
Pennsylvania7.1%6.7%15.7%$63,627$87,262
Utah7%7.8%19.2%$74,197$94,452
Arizona6.4%6.1%15%$61,529$84,380
Florida6.4%5.6%13.7%$57,703$83,104
North Carolina6%5.4%13.7%$56,642$79,620
North Dakota6%6.3%17%$65,315$85,506
Vermont6%6.1%16.4%$63,477$83,767
Nevada5.9%6.2%15.4%$62,043$84,350
Kansas5.7%5.9%15.1%$61,091$82,103
Michigan5.7%5.9%14.6%$59,234$80,803
Missouri5.2%5.3%14.2%$57,290$78,194
Nebraska5.2%6.1%15.9%$63,015$82,306
Ohio5.2%5.6%14.4%$58,116$78,797
Wisconsin5.2%6.1%16.3%$63,293$82,757
South Carolina5.1%5.2%13.4%$54,864$76,390
Tennessee5.1%4.9%13.3%$54,833$76,937
Iowa5%5.6%15.9%$61,836$80,316
Wyoming5%6.2%17.5%$65,304$83,583
Maine4.9%5.5%15%$59,489$78,301
Idaho4.7%5%14.5%$58,915$77,399
Louisiana4.7%5.3%13%$50,800$73,759
Montana4.7%5.4%13.8%$56,539$76,834
Indiana4.5%5.2%14.7%$58,235$76,984
Oklahoma4.5%4.8%13.3%$53,840$74,195
Alabama4.4%4.9%13.1%$52,035$71,964
South Dakota4.4%5.1%15.1%$59,896$77,932
Kentucky4.2%4.5%13%$52,238$72,318
New Mexico4.1%4.7%12.8%$51,243$70,241
Arkansas4%4%11.7%$49,475$69,357
Mississippi3.4%4.1%11.2%$46,511$65,156
West Virginia3.1%3.9%11.9%$48,037$65,332
United States8.32%7.14%15.66%$66,232$91,858
showing: 52 rows

Percentage of Households Making Over 200k 2023

Sources