To be in the top 1% of earners in California, you’d need the following minimum net worth:
- Approximately $11.1 Million: This is a general estimate, and the exact figure can fluctuate due to economic factors and data variations between sources.
Here’s why determining an exact number is a bit complex:
- Net Worth vs. Income: Many sources track “top 1%” by household income, which is different from net worth. Net worth includes assets like home equity, investments, and savings, minus any debts.
- State-Level Data: Income information from sources like the IRS is more readily available on the state level but finding reliable state-level data focused on net worth can be less common.
- Year-to-Year Shifts: Economic changes can significantly impact the wealth thresholds for the top 1%.
TechPoth Changed status to publish February 11, 2024
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