How much do you need to make to be in the Top 1% in South Carolina?
South Carolina
• Top 1% earn at least: $415,810 (14th lowest) – Highest – Connecticut
• Avg. income of the top 1%: $1,034,585 (12th lowest) – Highest – Connecticut
• Share of all income earned by the 1%: 15.4% (18th lowest) – Highest – New York State
• Avg. income among all tax filers: $67,102 (8th lowest) – Highest – Connecticut
To be one of the top 1% earners, a South Carolina resident would need to have an annual income of $415,810, the 14th lowest threshold among states. There is a steep dropoff in income between the state’s hyper-wealthy and those who are “just” very wealthy. To be in the top 5% of earners, one needs to have an income of at least $183,102.
Charleston Daily
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