Here’s How Much You Need To Earn To Be ‘Rich’ in Every State
Shutterstock.com
Shutterstock.com

Comedian Chris Rock has an old joke about how bad Bill Gates would feel if he woke up one day with Oprah's money. The point was that "rich" is a subjective term. The same holds true if you make a lot of money in America -- where you live has a lot to do with whether you can think of yourself as truly wealthy.

See: 16 Money Rules That Millionaires Swear By
Find Out: How Much You Really Take Home From a $100K Salary in Every State

To get an idea of what it means to be rich in America, GOBankingRates used IRS data to conduct a study of the top incomes as they break down by state. It lays out what income level is needed to place you in the top 5% and the top 1% of incomes within your state.

Check out how much money you need to be "rich" in your state.

Last updated: Aug. 2, 2021

RiverNorthPhotography / Getty Images
RiverNorthPhotography / Getty Images

50. Wyoming

  • Average adjusted gross income of the top 5%: $675,561

  • The minimum you need to make to be in the top 5%: $194,473

  • Average adjusted gross income of the top 1%: $2,245,174

  • The minimum you need to make to be in the top 1%: $188,693

Learn More: How Long $1 Million in Savings Will Last in Every State

SeanPavonePhoto / iStock.com
SeanPavonePhoto / iStock.com

49. Vermont

  • Average adjusted gross income of the top 5%: $406,076

  • The minimum you need to make to be in the top 5%: $188,144

  • Average adjusted gross income of the top 1%: $1,002,454

  • The minimum you need to make to be in the top 1%: $226,489

Check Out: Best Places To Live On a $50,000 Salary in Every State

Chilkoot / iStock.com
Chilkoot / iStock.com

48. Alaska

  • Average adjusted gross income of the top 5%: $410,354

  • The minimum you need to make to be in the top 5%: $210,294

  • Average adjusted gross income of the top 1%: $936,890

  • The minimum you need to make to be in the top 1%: $238,671

Important: Almost Every State Is In Debt Thanks to COVID-19 — What Now?

Solange_Z / Getty Images
Solange_Z / Getty Images

47. North Dakota

  • Average adjusted gross income of the top 5%: $464,179

  • The minimum you need to make to be in the top 5%: $203,849

  • Average adjusted gross income of the top 1%: $1,173,821

  • The minimum you need to make to be in the top 1%: $250,253

Read Next: The Richest Celebrity From Every State

lynngrae / Getty Images
lynngrae / Getty Images

46. South Dakota

  • Average adjusted gross income of the top 5%: $494,910

  • The minimum you need to make to be in the top 5%: $185,567

  • Average adjusted gross income of the top 1%: $1,414,152

  • The minimum you need to make to be in the top 1%: $285,414

Time To Move? The Richest Small Town in Every State

Shutterstock.com
Shutterstock.com

45. Delaware

  • Average adjusted gross income of the top 5%: $436,983

  • The minimum you need to make to be in the top 5%: $202,834

  • Average adjusted gross income of the top 1%: $1,095,713

  • The minimum you need to make to be in the top 1%: $326,408

Learn More: Surprising Ways Gen Z and Millennials Are Worlds Apart Financially