How Much Money Does It Take To Be In The Top 1% In North Dakota
Feeling good about your income these days? How much money would it take for you to be in the top 1% in North Dakota?
According to Business Insider, in North Dakota, you'd have to make a whopping $455,000 annually! Now, that's living! The average median income for North Dakota is $53,584 annually and that is much better than most states in the Midwest. The average medium income for other states in the Midwest are-
South Dakota $48,362
The top 1% in other states are-
South Dakota $352,000
Using 2012 American Community Survey household income data from the Minnesota Population Center's IPUMS Data Set estimated what income a household would need to earn (rounded to the nearest thousand) in order to be in the top 1% of the income distribution in each state.
Now, there you have it! Looking forward to your payday?
(source- Business Insider / MPC Data Projects)