Percentage of Households Making Over 200k 2024 (2024)

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District of Columbia

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

Percentage of Households Making Over 200k 2024

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.

State	Over 200k
District of Columbia	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%

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.

Percentage of Households Making Over 200k 2024

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

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State	Over 200k	150k-200k	100k-150k	Median Household Income	Mean Household Income
District of Columbia	19.8%	10.3%	16.4%	$90,842	$133,587
New Jersey	14.8%	10.4%	17.8%	$85,245	$117,868
Massachusetts	14.3%	10.6%	18%	$84,385	$115,964
Maryland	13.4%	10.8%	19.3%	$87,063	$114,236
California	13.3%	9.4%	17.1%	$78,672	$111,622
Connecticut	13.2%	9.6%	17.6%	$79,855	$115,337
Virginia	11.6%	9%	17.2%	$76,398	$106,023
New York	11.5%	8.4%	16%	$71,117	$105,304
Hawaii	11.3%	10.5%	19.5%	$83,173	$107,348
Washington	10.5%	8.9%	18.2%	$77,006	$103,669
New Hampshire	9.7%	9.2%	18.9%	$77,923	$101,292
Colorado	9.6%	8.7%	18.2%	$75,231	$100,933
Alaska	8.8%	9.6%	19.3%	$77,790	$98,811
Illinois	8.8%	7.8%	16.6%	$68,428	$95,115
Minnesota	8.5%	8.2%	18.3%	$73,382	$96,814
Texas	7.8%	7%	15.6%	$63,826	$89,506
Rhode Island	7.7%	7.8%	18.3%	$70,305	$92,427
Delaware	7.6%	7.7%	17%	$69,110	$92,308
Oregon	7.2%	7%	16.2%	$65,667	$88,137
Georgia	7.1%	6.3%	14.9%	$61,224	$85,691
Pennsylvania	7.1%	6.7%	15.7%	$63,627	$87,262
Utah	7%	7.8%	19.2%	$74,197	$94,452
Arizona	6.4%	6.1%	15%	$61,529	$84,380
Florida	6.4%	5.6%	13.7%	$57,703	$83,104
North Carolina	6%	5.4%	13.7%	$56,642	$79,620
North Dakota	6%	6.3%	17%	$65,315	$85,506
Vermont	6%	6.1%	16.4%	$63,477	$83,767
Nevada	5.9%	6.2%	15.4%	$62,043	$84,350
Kansas	5.7%	5.9%	15.1%	$61,091	$82,103
Michigan	5.7%	5.9%	14.6%	$59,234	$80,803
Missouri	5.2%	5.3%	14.2%	$57,290	$78,194
Nebraska	5.2%	6.1%	15.9%	$63,015	$82,306
Ohio	5.2%	5.6%	14.4%	$58,116	$78,797
Wisconsin	5.2%	6.1%	16.3%	$63,293	$82,757
South Carolina	5.1%	5.2%	13.4%	$54,864	$76,390
Tennessee	5.1%	4.9%	13.3%	$54,833	$76,937
Iowa	5%	5.6%	15.9%	$61,836	$80,316
Wyoming	5%	6.2%	17.5%	$65,304	$83,583
Maine	4.9%	5.5%	15%	$59,489	$78,301
Idaho	4.7%	5%	14.5%	$58,915	$77,399
Louisiana	4.7%	5.3%	13%	$50,800	$73,759
Montana	4.7%	5.4%	13.8%	$56,539	$76,834
Indiana	4.5%	5.2%	14.7%	$58,235	$76,984
Oklahoma	4.5%	4.8%	13.3%	$53,840	$74,195
Alabama	4.4%	4.9%	13.1%	$52,035	$71,964
South Dakota	4.4%	5.1%	15.1%	$59,896	$77,932
Kentucky	4.2%	4.5%	13%	$52,238	$72,318
New Mexico	4.1%	4.7%	12.8%	$51,243	$70,241
Arkansas	4%	4%	11.7%	$49,475	$69,357
Mississippi	3.4%	4.1%	11.2%	$46,511	$65,156
West Virginia	3.1%	3.9%	11.9%	$48,037	$65,332
United States	8.32%	7.14%	15.66%	$66,210	$91,826

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Percentage of Households Making Over 200k 2024 (2024)

Percentage of Households Making Over 200k 2024

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

Why Does Pay Rate Vary By State?

Percentage of Households Making Over 200k 2024

Download Table Data

Percentage of Households Making Over 200k 2024

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