How do you know if you're in the top 1 percent?

You can measure whether you’re in the top 1 percent in two major ways: income and wealth. Income is the amount of money you earn annually, while wealth is the amount of assets you own. While these categories are often correlated with each other, they aren’t the same.

How do you find the top one percent of a person?

If you do use income to determine the top one percent of individuals, individual income is the best choice for determining the one percent. Net worth is a better way to rank the top one percent than income. Household income disguises the true income figure when there are multiple earners in a household.

How much money do you need to be in the top 1%?

As with income, however, the amount you need to have to be in the top 1% of net worth varies by state. In Connecticut, for example, you would need a net worth of at least $3,603,629 to be in the top 1%, while in Mississippi you would only need $766,205.