The top 1% salary in Connecticut is $1,192,947.
Understanding the Top 1% Income Bracket
The "top 1%" refers to the highest-earning individuals or households within a specific geographic area, in this case, the state of Connecticut. Achieving this income level signifies a substantial financial standing, often reflecting success in high-earning professions, entrepreneurial ventures, or significant investment returns.
Connecticut consistently ranks among the states with the highest income thresholds required to be in the top 1%. This is often attributed to several factors, including:
- Affluent Population: Connecticut is home to many wealthy communities and high-net-worth individuals.
- Proximity to Major Economic Hubs: Its close proximity to New York City and Boston offers significant economic opportunities and draws high earners.
- Strong Economic Sectors: The state has strong sectors in finance, insurance, and manufacturing, which often provide lucrative employment.
Comparative Look at Top 1% Income Thresholds Across States
To put Connecticut's figure into perspective, it's helpful to compare it with other states that also have high income thresholds for their top 1% earners.
Below is a comparison of the income required to be in the top 1% in various states:
| State | Income Threshold |
|---|---|
| Connecticut | $1,192,947 |
| Massachusetts | $1,152,992 |
| California | $1,072,248 |
| Washington | $1,024,599 |
| New Jersey | $1,010,101 |
| New York | $999,747 |
| Colorado | $896,273 |
| Florida | $882,302 |
As evidenced, Connecticut's threshold of nearly $1.2 million places it at the very top of states requiring a substantial income to join the highest earning bracket. This highlights the state's economic landscape, where a significant income is needed to be among its wealthiest residents.
