Map Options
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
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
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 2023
Percentage of Households Making Over 200k 2023
Notes:
- All percentages shown have a margin of error of up to 1.5%
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% | $66,232 | $91,858 |
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Percentage of Households Making Over 200k 2023
Sources
As an enthusiast deeply immersed in the field of socioeconomic data analysis and regional disparities, I'm here to delve into the comprehensive insights provided by the article on the percentage of households making over $200,000 in 2023. My wealth of knowledge is substantiated by a thorough understanding of statistical nuances, economic trends, and the intricacies of regional variations.
The data presented here is a goldmine of information, shedding light on the economic landscape of different states in the U.S. The provided map options and color scheme not only enhance visual interpretation but also facilitate a nuanced understanding of the income distribution across states.
Let's dissect the key concepts embedded in this article:
1. Geographical Distribution:
The data vividly illustrates the percentage of households making over $200,000 in different states. Notably, the District of Columbia tops the list with 19.8%, while Mississippi and West Virginia trail behind with only 3.4% and 3.1%, respectively.
2. Top States with High Income Households:
New Jersey, Connecticut, Maryland, Massachusetts, and California emerge as states with the highest percentage of households surpassing the $200,000 income threshold. This information highlights regional economic affluence.
3. Lowest Income Households:
Conversely, Mississippi, West Virginia, Alabama, Arkansas, and Idaho have the lowest percentage of households exceeding $200,000, emphasizing economic disparities among states.
4. $200,000 as a Benchmark:
The article discusses the significance of the $200,000 income level, addressing its role in determining wealth and financial well-being. This benchmark is crucial in understanding economic disparities and the financial stress experienced by households.
5. Cost of Living Disparities:
The variation in the cost of living is cited as a major factor influencing income differences among states. The article underscores that higher-paying jobs tend to cluster in areas with a higher cost of living, such as New York City and Los Angeles.
6. Income Breakdown:
The detailed breakdown of income ranges, median household income, and mean household income provides a comprehensive view of the economic landscape in each state. For instance, the District of Columbia boasts a mean household income of $133,587.
7. Reasons for Regional Pay Rate Variation:
The article touches upon the reasons behind the fluctuation in salaries from state to state, attributing it to the varying cost of living and the concentration of high-paying jobs in specific regions.
8. Additional Data Points:
Further granularity is added through additional data points such as margin of error, CSV, JSON downloads, and information on the 2021 ACS 5-Year Survey from the US Census Bureau.
In conclusion, this article serves as a valuable resource for anyone interested in understanding the socioeconomic landscape of the United States, highlighting the complex interplay of income, cost of living, and regional economic factors. The meticulous presentation of data, coupled with insightful commentary, enriches our comprehension of these multifaceted dynamics.
