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How much money do you need to make to be in the top 5% in Texas?

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How much money do you need to make to be in the top 5% in Texas?


(NEXSTAR) – The disparity between the income that an average U.S. resident brings in yearly compared to those sitting at the top of earners in each state has always been a major topic of discussion.

In fact, WalletHub states that “the highest-earning 10% of individuals in the United States earn over 12 times more than those in the lowest-earning 10%, based on the latest Census data.”

And while looking up what the “average salary” is across the country, ($74,600, according to the latest data from the Federal Reserve), appears to give a solid idea of how far off most Americans are from the 5% club, a closer look at the high-end salaries reveals that the disparity is even more stark.

WalletHub broke down the income of all 50 U.S. states and Washington D.C into three different groups: the average annual income of the top 5%, the average for the bottom 20%, and the median for all of each state’s residents.

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Landing at No. 1 was New York where the top 5% makes about $553,000 a year. That’s almost $35,000 more than the next two highest states and nearly $100,000 more than the 10th-ranked state.

While the top 5% is thriving in the Empire State, its bottom 20% is falling well short, ranking 44th in salary with $13,301.

Right behind New York is Connecticut and Virginia where the average is about $518,000 apiece. Followed by New Jersey and Illinois which are both hovering around $505,000.

The state with the lowest top 5% threshold is Alaska, where earning roughly $321,000 will get you into the club. Hawaii and Vermont aren’t far behind where the top 5% makes about $334,000.

Check out what you need to make in your state:

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Rank State Average Annual Income of Top 5% Median Annual Income Average Annual Income of Bottom 20%
1 New York $553,436 $91,366 $13,301
2 Connecticut $518,757 $114,156 $14,576
3 Virginia $518,296 $89,393 $18,694
4 New Jersey $505,621 $117,847 $16,445
5 Illinois $504,800 $78,304 $16,192
6 Georgia $487,870 $66,612 $16,472
7 Texas $481,483 $70,513 $16,802
8 Washington $474,067 $103,748 $18,223
9 Florida $470,308 $68,818 $15,375
10 Massachusetts $466,208 $127,760 $13,689
11 Minnesota $464,981 $86,364 $19,797
12 Colorado $456,603 $97,301 $18,451
13 California $454,829 $123,988 $13,949
14 Tennessee $453,539 $59,077 $15,679
15 District of Columbia $450,892 $162,265 $9,011
16 North Carolina $450,592 $63,025 $15,836
17 Utah $448,195 $89,786 $22,491
18 Michigan $446,114 $62,446 $17,019
19 Missouri $446,069 $59,715 $16,821
20 Pennsylvania $445,261 $74,711 $15,801
21 Ohio $436,922 $61,904 $16,188
22 Maryland $427,135 $124,693 $16,647
23 Arizona $424,913 $74,375 $16,604
24 Kansas $423,517 $68,489 $17,176
25 Nebraska $416,325 $72,384 $17,380
26 Arkansas $416,224 $51,032 $14,069
27 South Carolina $412,771 $62,909 $13,996
28 Kentucky $411,897 $55,629 $13,800
29 Oklahoma $405,113 $57,215 $15,205
30 Idaho $403,737 $70,041 $18,372
31 Delaware $402,989 $87,173 $16,930
32 Wisconsin $402,256 $72,602 $17,973
33 Nevada $401,062 $80,366 $14,472
34 New Hampshire $400,343 $110,205 $18,075
35 Indiana $399,270 $64,170 $16,670
36 Alabama $398,584 $55,480 $13,242
37 Montana $395,720 $68,937 $15,337
38 Louisiana $395,155 $56,282 $11,504
39 Iowa $395,093 $68,974 $17,621
40 South Dakota $393,809 $69,266 $17,252
41 North Dakota $387,548 $79,874 $15,661
42 Wyoming $387,280 $76,307 $16,199
43 Oregon $377,399 $91,100 $14,720
44 Mississippi $377,040 $46,880 $12,168
45 Rhode Island $353,721 $104,252 $12,668
46 New Mexico $351,972 $58,911 $11,944
47 West Virginia $345,239 $52,719 $12,477
48 Maine $338,866 $79,800 $13,749
49 Vermont $334,470 $89,695 $14,477
50 Hawaii $334,369 $141,832 $14,014
51 Alaska $321,634 $113,934 $15,646
(Credit: WalletHub)

As for what state’s residents make the most money on average, Washington D.C. finished with the highest median income of $162,265. Unfortunately, D.C. also finished with the lowest salary for the average annual income of the bottom 20%, with $9,011.

Other states that had a high median income were Hawaii ($141,832), Massachusetts ($127,760), Maryland ($124,693), and California ($123,988).

These states with a smaller gap between the average earner and the top 5% make it easier to make the jump, but it’s still difficult.

According to GoBankingRates, it will take a variety of factors to make that jump. First, you need a steady increase in income. This could mean you are making better financial decisions, investing wisely, or perhaps experiencing career advancements.

Another factor is maybe having a solid investment strategy, look to see that you are getting positive returns on your investment and that you have a well-diversified portfolio.

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Finally, prioritize your long-term financial stability. Look to prioritize saving over short-term pleasures.

And if you’re looking to go even higher than the top 5%, Forbes found that to be one of the top 1% of earners in the U.S., you need to bring in an annual salary of at least $597,815, so start saving up!



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Kinky Friedman, singer and novelist who fronted The Texas Jewboys, dies at 79

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Kinky Friedman, singer and novelist who fronted The Texas Jewboys, dies at 79


Kinky Friedman, the cigar-chomping, mustachioed Texan country singer and mystery novelist whose body of work often seemed like the un-kosher marriage of the Borscht Belt and the Bible Belt, died June 27 from complications of Parkinson’s disease. He was 79.

As frontman for the flamboyant 1970s country group Kinky Friedman and the Texas Jewboys, he was notorious for satirical songs such as “They Don’t Make Jews Like Jesus Anymore,” a raucous sendup of racism, and “Get Your Biscuits in the Oven and Your Buns in Bed,” which poked fun at feminism.

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He could also turn serious, with songs dealing with social issues such as abortion and commercialism. His 1973 song “Ride ’em Jewboy” is a haunting elegy on the Holocaust, recorded by Willie Nelson and sung in concert by Bob Dylan. The lyrics transform cowboy cliches into a rumination on Hitler’s victims:

Now the smoke from camps a-rising

See the helpless creatures on their way

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Hey, old pal, ain’t it surprising

How far you can go before you stay?

Texas Independent gubernatorial candidate Kinky Friedman addresses supporters during his election night party at Scholz Garten in Austin, Texas, November 7, 2006. (credit: REUTERS/Donald R. Winslow)
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The Jewboys broke up in the mid-1970s and Friedman spent much of the next decade in a haze of drugs. In the mid-1980s he cleaned up and began writing a series of successful, raunchy, comic mystery novels whose main character is himself. He wrote more than 20 books, all on a manual typewriter.

https://youtu.be/uBewkqSdehQ

One reviewer, the actress and author Fannie Flagg, described his writing as “Raymond Chandler on drugs, if Chandler had possessed a tremendous sense of humor.”

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In 2006 he ran for governor of Texas, looking to unseat incumbent Republican Rick Perry in a bid that went from joking to serious. His campaign material included a 13-inch talking action figure and bumper stickers that read, “My governor is a Jewish cowboy.” His official campaign slogan was  “Why the hell not?” He considered himself tough on immigration, pro-choice, anti-capital punishment and a proponent of alternative fuels.

In time, his campaign gathered force as a serious quest to shake up Texas politics, break down traditional party machines and reach out to a dramatically disaffected electorate.

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“In the last election for governor, only 29% of eligible voters went to the polls,” Friedman, known as “the Kinkster,” told the Jewish Telegraphic Agency that year. “Seventy-one percent didn’t vote — they didn’t like the choice between paper and plastic.”

In the end, Friedman placed fourth in the six-person race, receiving 12.6% of the vote.

The origins of Kinky Friedman

Born Richard Samet Friedman in Chicago in 1944, he moved with his parents to Texas as a baby and earned his nickname in college from his curly hair. His parents were educators who ran a summer camp for mainly Jewish children at Echo Hill Ranch, the 400-acre spread where Friedman would come to live in a small but rambling lodge.

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“We had services every Friday night, and Kinky would play the guitar,” Ellen St. Clair, who spent four summers at Echo Hill, told JTA in 2006.

The property is also home to the Utopia Animal Rescue Ranch, a home and adoption center for abused and abandoned dogs that Friedman helped found.

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He attended the University of Texas at Austin, where he majored in psychology. Friedman proudly recalled that during their time as members of the Jewish Tau Delta Phi fraternity he and a friend, Nathan “Chinga” Chavin, tried to admit African-American students, an effort that was ultimately thwarted.

After graduating in 1966,  he served in the Peace Corps in Borneo. After returning from the Peace Corps, he formed Kinky Friedman and the Texas Jewboys, at a time when hybrid “country rock” bands — including The Band, the Eagles and Buffalo Springfield — were rising up the charts. The Jewboys drew a cult following — and occasional protests, as when the National Organization for Women awarded Friedman its “Male Chauvinist Pig Award” in 1973.

In early 1976, he joined Dylan on the second leg of the Rolling Thunder Revue tour. Friedman claimed to have been the first “full-blooded” Jew to take the stage at the Grand Ole Opry.

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Friedman would cite Mark Twain and the humorist Will Rogers as his heroes, and the inevitable comparisons were not far off.

“These days,” he once said, “there are many people around the world who listen to the songs that made me infamous and read the books that made me respectable.”





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Texas Football Ranked Among the Top Offenses in the New EA CFB 25 Game

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Texas Football Ranked Among the Top Offenses in the New EA CFB 25 Game


As a part of its rankings week showcase, EA has released its top offenses for the new EA CFB 25 game, with the Texas Longhorns tying for the third-highest-rated squad in this year’s game.

Texas was given a 91-rated offense, tying with Alabama for the third spot. The two teams ahead of the Longhorns and Crimson Tide are Georgia and Oregon, who share the top spot with a 94 overall rating.

Texas looks to feature one of the best offenses in real life in 2024, which will lead to exciting gameplay for the first college football game in over a decade. Just two returning Power Five quarterbacks had more passing yards in 2024 than Texas quarterback Quinn Ewers, and he’ll have the privilege of throwing to the transfer portal’s top receiver Isaiah Bond in the upcoming year.

The offensive line is also one of the best in the nation, ranking inside the top five of rankings from sites like On3, PFF, and 247. Behind that line will be runningbacks CJ Baxter and Jaydon Blue, who combined for 1,057 rushing yards on over five yards per carry in 2023. The Texas offense is filled from top to bottom with playmakers, likely making them one of the deepest offenses to play within the game.

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At the quarterback position, Ewers will likely be one of the three highest-rated passers, especially given his status as the cover athlete, and is backed up by Arch Manning, who sadly won’t be in the game due to him opting out. Whether they replace him with an auto-generated player or just leave him out, freshman Trey Owens will be a fine backup in the game.

Head coach Steve Sarkisian greets quarterback Quinn Ewers who threw passes to receivers at Texas Longhorns Football Pro Day a

Head coach Steve Sarkisian greets quarterback Quinn Ewers who threw passes to receivers at Texas Longhorns Football Pro Day at Frank Denius Fields Wednesday March 20, 2024. / Jay Janner/American-Statesman / USA

The running back room not only features Baxter, the No. 1 rusher in the class of 2023, and Blue, but also Tre Wisner, who averaged six yards per carry last year, and the No. 3 running back in the class of 2024, Jerrick Gibson. Baxter will be the highest rated of the group, but the other three rushers will likely be pushing above 95 speed, making them perfect for a simulation football game.

In the receiving core, Bond is joined by two other transfer receivers Matthew Golden and Silas Bolden. Both pass-catchers were rated as four-star or higher transfers, and tight end Amari Niblack was the top tight end transfer in the country. Returning for the Longhorns are sophomore stud wide receivers Johntay Cook, DeAndre Moore, and Ryan Niblett, while five-star freshman Ryan Wingo will bring verticality to the team.

This offense will not only be one of the highest rated but also the most fun teams in the game. With the bountiful playbook of head coach Steve Sarkisian and his love for players with speed, it’ll be hard to slow down an offense like this.



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Texas lt. gov. warns of Biden's border inaction after Jocelyn Nungaray's murder: 'It can happen to you'

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Texas lt. gov. warns of Biden's border inaction after Jocelyn Nungaray's murder: 'It can happen to you'


Texas Lt. Gov. Dan Patrick warned of the deadly consequences of the border crisis, calling out President Biden for failing to “seal the border with Mexico right now” following the brutal murder of 12-year-old Jocelyn Nungaray.

“If Joe Biden had any compassion at all for this family or the families of Laken Riley or Rachel Morin and others who have been killed… he would secure the border on Thursday, the day of [Nungaray’s] funeral,” Patrick told “America’s Newsroom,” Wednesday. 

“This little girl, she was tortured, she was strangled, and she was thrown in the river like a rag doll,” he continued. “Now I want America to wake up. This can come to your wife, your daughter, your sister, your grandmother. It can happen to you. There are animals roaming this country today because of Joe Biden, and these three women I just named would all be alive today – today – if it weren’t for Joe Biden. The blood is on his hands.”

MIGRANT ARRESTED IN BROAD DAYLIGHT RAPE OF 13-YEAR-OLD IN NEW YORK PARK

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Video image of Johan Jose Rangel Martinez, 21, and Franklin Jose Pena Ramos, 26, and image of Jocelyn Nungaray (Houston Police Department; Fox Houston Courtesy of the Nungaray family)

Prosecutors said Tuesday that two illegal immigrants from Venezuela allegedly lured the Houston girl under a bridge where they sexually assaulted her before tying her up and killing her.

Johan Jose Rangel Martinez, 21, and Franklin Jose Pena Ramos, 26, have each been charged with capital murder.

“While we’re there, looking at the casket and praying for this family, [Biden] will be letting more animals like the two that allegedly killed her into this country,” Patrick remarked.

The Texas Republican urged former President Trump to confront Biden at Thursday night’s CNN Presidential Debate on the result of his border policies.

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“I would ask President Biden, ‘can you tell me who Rachel Morin is? Can you tell me who Jocelyn is? Can you tell me who Laken Riley is?’ And Joe Biden has a choice. He could either say, ‘Yes, there are three people who should be alive today except for my border policies,’ or, ’I don’t know who they are,’” he said.

Jocelyn’s mother, Alexis Nungaray, tearfully told “Hannity” on Tuesday that “we have to stop burying our kids.” 

“This isn’t right. We have to have more reinforcement when it comes to letting people in. This is not okay,” she said.

Pena Ramos illegally crossed into El Paso, Texas, in May, sources with the Department of Homeland Security confirmed to Fox News. He was caught by Border Patrol agents and was released into the U.S. with a Notice to Appear in court. 

Rangel Martinez also crossed illegally into El Paso in March and was caught by Border Patrol. He was released into the U.S. on an unknown basis. 

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Pena Ramos was wearing an Immigration and Customs Enforcement agency (ICE) ankle bracelet at the time of the crime – a detail highlighted by Jocelyn’s grandfather, Kelvin Alvarenga, during the “Hannity” interview.

U.S. Immigration and Customs Enforcement told Fox News in a statement Friday that he “illegally entered the U.S. without inspection, parole or admission by a U.S. immigration officer on an unknown date and at an unknown location.” 

Harris County District Attorney Kim Ogg described the city of Houston as a “huge international hub” that draws in people from all over the country. 

“Unfortunately, we see a great deal of violence committed by illegal immigrants, and we see as many victimized by other illegals and regular people here. It’s an enormous problem. This was bound to happen,” Ogg told Fox News on Tuesday. “It’s one of those things that, as an elected prosecutor, you are just waiting for [the] other shoe to drop. I’m just sick and sickened this little girl was the innocent victim of these two monsters.” 

CLICK HERE TO GET THE FOX NEWS APP 

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Fox News’ Louis Casiano, Bill Melugin, Griff Jenkins, Yael Halon and Greg Norman contributed to this report.



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