NASHVILLE, Tenn. (WKRN) – What it takes to be considered among the top 5% of earners depends on where you live, according to GoBankingRates.

Researchers with the personal financial site examined state income data across a five-year period to determine how much it would take be in the top 5%.

Wondering how much it will take to land on the list of top earners in Tennessee? You’ll need to bring in at least $418,000, according to the report.

The number is nearly a 30% increase from 2017, when workers needed to make $323,763 to be considered “rich” in the Volunteer State.

GoBankingRates found that the richest of the rich are in the nation’s capital. In fact, it takes a salary of $719,253 to land in the top 5% of earners in Washington, D.C. Meanwhile, West Virginians aspiring to be among the top earners need to bring in $329,620 yearly.

According to the study, residents in California, Colorado, Connecticut, D.C., Hawaii, Illinois, Maryland, Massachusetts, New Jersey, New York, Virginia, and Washington state need to bring at least $500,000 yearly to be even be considered a top earner.

According to data from the U.S. Census Bureau, the average median household income in the U.S. was $73,914 in 2022. In Tennessee, earning anywhere between $43,498 and $130,508 would classify you as middle class.

To see the full report, click here.