It pays to be rich in the Empire State.

A new study has revealed that New York households need to bring in $619,178 annually in order to be among the state’s top 5% of earners.

GOBankingRates uncovered the eye-watering figure after examining a range of data sources, including household median income, lower limit of household income, and average household income.

The company also revealed that the current median annual household income in New York is $84,578, meaning you’d need to earn 7.3 times that to make it into the top 5%.

A new study has revealed that New York households need to bring in $619,178 annually in order to be among the state’s top 5% of earners. Tierney – stock.adobe.com

If you think the $619,178 figure is astronomical, it might be best to stop reading now.

GOBank

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