Here are the states where people have the highest income in 2025, study

Income disparities continue to exist where some Americans are earning more money than others, which can be tied to a variety of factors.

A recent WalletHub study takes a look at these financial differences by evaluating all 50 states and Washington, D.C. on three key criteria: the average annual income of the top 5%, the average income of the bottom 20%, and the median income for all residents in these areas. Income in these categories were also adjusted for the cost-of-living index (COLI).

Top income levels by state

Local perspective:

The state rankings are based on the average annual income of the top 5%, per WalletHub.

Virginia ($533,522 average annual income)

New Jersey ($522,128 average annual income)

New York ($575,505 average annual income)

Connecticut ($535,578 aver