How Much Household Income Is Needed To Be Considered A Top Earner In New York?
Jessica Jones-Gorman at The Staten Island Advance asks what does it take to be counted among the top 1% of earners nationwide? According to a recent study, an American Family needs to earn an annual income of at least $650,000 to be put into that class - and that number could be greater, depending on where you live. SmartAsset analyzed data from the IRS and Bureau of Labor Statistics to determine the minimum income required to be among the top 1% of earners in each State. The study found that income thresholds vary greatly in America's four largest states. It takes $844,266 and $776,662 to be in the top 1% in California and New York, respectively, but households in Florida and Texas need to earn much less - the top salaries in those states measure in at $694,987 and $631,849.
To Directly Access This Labor News Report, Go To: How much household income is needed to be considered a top earner in New York? (msn.com)
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