Monday, December 27, 2010

Where The $200,000+ Crowd Lives

Where The $200,000+ Crowd Lives

Where the Richest Americans Live
Taxes have been one of the most hotly debated topics in Washington and cuts for the wealthiest Americans are one of the most controversial subjects surrounding the issue.
But how many rich people are there in the U.S., how much do they make and where do they live? And just what income do you qualify to be rich?
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....
Total # of US households then is 4,500,000 / 0.038 = 118,421,000  about 118.5 million US households.  THIS is a very important number.
...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, although this data is not broken down by state.
I assume the 2.37 million to be 2.37 million households in the 250,000 to 425,226 range.
With Census Bureau data from their National Data Book 2010 Statistical Abstract, we've outlined the states that have the highest proportion of households with annual incomes in excess of $200,000. Among the states with the lowest proportion of $200,000+ households are West Virginia (1.4%), South Dakota (1.81%) and Arkansas (1.86%).
So, what are the states with the most high-income households? Click ahead to find out!

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