Texas income threshold for top 1 percent rises to $817,158

A new report by SmartAsset reveals that income thresholds for high earners in Texas have risen significantly. To qualify as part of the top 1 percent of earners in the state, residents now need to earn a minimum of $817,158, which is an increase of approximately $73,000 from the previous year.

Texas currently holds the 11th highest income threshold in the United States. For comparison, the District of Columbia maintains the highest threshold in the nation, requiring at least $1.16 million to enter the top 1 percent. Within Texas, the threshold for the top 5 percent is $312,671, while the top 10 percent begins at $210,609.

The study also examined middle-class status across different regions. In Dallas, middle-class income ranges from $49,549 to $148,646, whereas in Houston, the range is between $42,907 and $128,722.