Extending the Bush Tax cuts for the top percentile of wealthy Americans has been one of the most hotly debated topics in Washington in 2010.
But how many wealthy people are there in the U.S., how much do they make and where do they live? And most importantly – where does Massachusetts rank?
According the data from the Census Bureau, there are currently 4.5 million households that earn over $200,000 per year, the highest wealth division compiled in Census reports, which is approximately 3.8% of all households in the country. The average income of those making over $250,000 is $425,226 and there were 2.37 million households in this range as of 2009
The following are the top 15 wealthiest areas with a household income of $200,000 or above:
15. Minnesota
Anne Rippey | Photographer’s Choice | Getty Images |
% of Households Earning $200K+: 3.8%
Total Households: 2,062,681
Households Earning $200K+: 77,772
Median Income: $55,956
14. Texas
Jeremy Woodhouse | The Image Bank | Getty Images |
% of Households Earning $200K+: 3.9%
Total Households: 8,244,022
Households Earning $200K+: 313,681
Median Income: $47,143
13. Washington
% of Households Earning $200K+: 4.0%
Total Households: 2,501,509
Households Earning $200K+: 99,636
Median Income: $58,964
12. Colorado
Panoramic Images | Getty Images |
% of Households Earning $200K+: 4.1%
Total Households: 1,859,965
Households Earning $200K+: 76,216
Median Income: $59,964
11. New Hampshire
Panoramic Images | Getty Images |
% of Households Earning $200K+: 4.2%
Total Households: 501,505
Households Earning $200K+: 20,899
Median Income: $66,654
10. Illinois
Shutterstock |
% of Households Earning $200K+: 4.4%
Total Households: 4,759,579
Households Earning $200K+: 208,385
Median Income: $53,413
9. Hawaii
% of Households Earning $200K+: 4.5%
Total Households: 439,685
Households Earning $200K+: 19,876
Median Income: $61,055
8. New York
Getty Images |
% of Households Earning $200K+: 5.6%
Total Households: 7,099,940
Households Earning $200K+: 399,014
Median Income: $50,372
7. Virginia
% of Households Earning $200K+: 5.7%
Total Households: 2,932,234
Households Earning $200K+: 165,998
Median Income: $61,151
6. California
% of Households Earning $200K+: 6.2%
Total Households: 12,200,672
Households Earning $200K+: 757,411
Median Income: $56,862
5. Massachusetts
Gavin Heller | Photographer’s Choice | Getty Images |
% of Households Earning $200K+: 6.22%
Total Households: 2,449,133
Households Earning $200K+: 152,348
Median Income: $59,981
4. Maryland
Getty Images |
% of Households Earning $200K+: 6.9%
Total Households: 2,082,458
Households Earning $200K+: 142,694
Median Income: $65,183
3. New Jersey
Driendl Group | Getty Images |
% of Households Earning $200K+: 7.5%
Total Households: 3,149,910
Households Earning $200K+: 235,278
Median Income: $64,143
2. Connecticut
Porter Gifford | Getty Images |
% of Households Earning $200K+: 8.0%
Total Households: 1,320,714
Households Earning $200K+: 105,433
Median Income: $65,213
1. District of Columbia
Getty Images |
% of Households Earning $200K+: 8.4%
Total Households: 251,039
Households Earning $200K+: 21,194
Median Income: $53,685
This article is part of a series related to being Financially Fit
Back to Boston condos for sale homepage
Contact me to find out more about Boston condos for sale or to set up an appointment call/text 617-595-3712.
SEARCH FOR CONDOS FOR SALE AND RENTALS
For more information please contact one of our on-call agents at 617-595-3712.
Updated: 1st Q 2018