Annual Wages of Top Earners

The threshold to be in the top 10% of household incomes in 2021 in the United States was $201,052.

Someone in the top 10% has a net worth of $1,219,126, while someone in the top 1% has a net worth of $11,099,166, according to the Federal Reserve Survey of Consumer Finances from 2019.

Roughly 4,479,896 made $200,000 or more in full-year 2016. An income of $300,000 approached the 98.9% in 2016.

The top one percent of household net worth starts at $11,099,166. (This net worth threshold is as of 2019, with a few surveys in 2020.

So let’s talk about what we mean by ‘top 10%’ or ‘access to wealth’

• You are 18-25, your net financial wealth is $50,000 or more.
• You are 25-29, your net financial wealth is $100,000 or more.
• You are 30-35, your net financial wealth is $200,000 or more.

Annual income required to be in the top 1 percent: $700,800. Average annual income of the top 1 percent: $2.52 million.

“You might be surprised to learn,” the report says, “that there’s a vast discrepancy between the 5-percenters in one state as compared with some others.”. Here’s what the data shows for the Golden State: Average top 5% income: $447,207. Lower limit of top 5%: $250,000.

Keep in mind that these numbers just represent the threshold — the average income of the top one percent nationwide is $1.15 million. People in the rest of the nation, on the other hand, earn an average of $45,567 a year.

Annual income required to be in the top 1 percent: $514,694. Average annual income of the top 1 percent: $1.69 million.