"Unveiling Indiana's Elite: The Income Threshold for the State's Top 1% Earners"
According to an analysis by SmartAsset, Indiana ranks 42nd among states for the income threshold required for a household to be in the top 1% of earners, with a threshold of $473,685 compared to the national threshold of $652,657. The analysis also revealed that Washington D.C. has the highest income threshold for the top 1%, surpassing $1 million. While residents in more urban states tend to earn more, the higher cost of living offsets those larger incomes.