Income in the 10 PIA Western Alliance States

A few weeks ago, Weekly Industry News did a three-week series on income in the U.S. among age groups and states. We did the stories because the economy is going to be a huge part of the debate we’ll be inundated with until Tuesday, November 5th’s general election.

Earlier this week, we found a story on specific incomes in each state. It had comparisons for the average annual incomes of the top 5% earners, the median level of income of everyone else and the average annual income of the bottom 20%.

Here are the 10 highest income states — All scores are adjusted for COLI. The PIA Western Alliance states of Washington and California rank 5th and 11th respectively. Other than Arizona, that ranks 23rd, the rest of the PIA Western Alliance states are below the middle number of 25 states. 

1. Virginia

Total score: 69.59

Average annual income of top 5%: $518,296

Median annual income: $89,393

Average annual income bottom 20%: 18,694

2. New Jersey

3. New York

4,. Connecticut

5. Washington

Total score: 62.29

Average annual income of top 5%: $474,067

Median annual income: $103,748

Average annual income bottom 20%: $18,223

6. Utah

7. Illinois

8. Minnesota

9. Colorado

10. Massachusetts

The other PIA Western Alliance states:

11. California

Total score: 54.59

Average annual income of top 5%: $454,829

Median annual income: $123,988

Average annual income bottom 20%: $13,949

23. Arizona

Total score: 42.32

Average annual income of top 5%: $424,913

Median annual income: $74,375

Average annual income bottom 20%: $16,604

28. Idaho

Total score: 40.09

Average annual income of top 5%: $403,737

Median annual income: $70,041

Average annual income bottom 20%: $18,372

33. Nevada

Total score: 34.52

Average annual income of top 5%: $401,062

Median annual income: $80,366

Average annual income bottom 20%: $14,472

36. Hawaii

Total score: 32.60

Average annual income of top 5%: $334,369

Median annual income: $141,832

Average annual income bottom 20%: $14,014

37. Montana

Total score: 32.49

Average annual income of top 5%: $395,720

Median annual income: $68,937

Average annual income bottom 20%: $15,337

39. Oregon

Total score: 32.20

Average annual income of top 5%: $377,399

Median annual income: $91,100

Average annual income bottom 20%: $14,720

43. Alaska

Total score: 26.83

Average annual income of top 5%: $321,634

Median annual income: $113,934

Average annual income bottom 20%: $15,646

50. New Mexico

Total score: 14.59

Average annual income of top 5%: $351,972

Median annual income: $58,911

Average annual income bottom 20%: $11,944

Source link: WalletHub — https://bit.ly/3X300ll