Americans Need To Earn $800,000 To Be in the Top 1%: Here Are the States With the Wealthiest Residents
Briefly

from SFGATE1 month ago
"The region that demands the highest payday to join the elite 1% is not a state but a compact district. In Washington, DC, you'll join the upper echelon of earners only if you bring home a whopping $1.22 million a year."
SFGATEhttps://www.sfgate.com/realestate/article/americans-need-to-earn-800-000-to-be-in-the-top-19969998.php
"The breakdown of top 1% income by state is, unsurprisingly, quite similar to listing prices in those states," says Realtor.com senior economist Joel Berner.
SFGATEhttps://www.sfgate.com/realestate/article/americans-need-to-earn-800-000-to-be-in-the-top-19969998.php
"Locations with higher earners naturally end up with higher-priced homes built there," adds Berner.
SFGATEhttps://www.sfgate.com/realestate/article/americans-need-to-earn-800-000-to-be-in-the-top-19969998.php
"What accounts for the wild disparity between the 1% in the top and bottom states? It all comes down to variances in local economic factors, like job opportunities and wealth concentration."
SFGATEhttps://www.sfgate.com/realestate/article/americans-need-to-earn-800-000-to-be-in-the-top-19969998.php
Read at SFGATE
#income-distribution #top-1 #wealth-disparity #housing-markets #economic-factors
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