Texas
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.
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:
| 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 |
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.
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!
AUSTIN, Texas — Looking for weekend plans?
From free concerts and cultural celebrations to shopping events and community festivals, here are six events happening across Central Texas this weekend.
Austin Swappin’ returns Saturday
- Ready to refresh your wardrobe without spending a fortune?
- Austin Swappin’, the city’s largest clothing and accessories swap, returns Saturday to Wanderlust Wine Co. in East Austin.
- For $10 and 10 gently used items, attendees can trade for new-to-them clothing, shoes, jewelry, books, and more. The event also features giveaways, a photo booth, food vendors, matcha drinks, and a fill-a-bag thrift sale benefiting local nonprofit Thrift-ish.
Music Under the Star kicks off Friday night
- Free live music is back at the Texas Capitol Mall.
- The Bullock Texas State History Museum’s “Music Under the Star” concert series begins Friday evening with performances by indie-folk acts The 44-11 and Elijah Delgado.
- The free event also includes food trucks, drinks, and views of Austin’s downtown skyline. Music begins at 7 p.m.
Waterloo Greenway opens The Confluence
- A major new public space is opening in downtown Austin.
- The newest phase of Waterloo Greenway, known as The Confluence, officially opens Saturday. The project transforms a once-flood-prone section of Waller Creek into a new gathering space that connects nature and downtown Austin.
- The free grand opening celebration runs from 10 a.m. to 2 p.m. and includes a ribbon-cutting ceremony, live music, food, family activities, and opportunities to explore the new trails and park features.
Jane Austen Improv celebrates three years
- The award-winning Jane Austen Improv troupe is celebrating its third anniversary with a special performance at the Long Center.
- Known for blending Regency-era romance with improvised comedy, the group will perform Saturday evening.
- The 6 p.m. show is nearly sold out, but tickets remain available for the 8:30 p.m. performance.
Round Rock Pride marks five years
- Round Rock Pride is celebrating a milestone anniversary this weekend.
- The festival marks its fifth year and is expected to bring thousands of people to downtown Round Rock for live entertainment, food, local vendors, and community celebration.
- The free event takes place Saturday from 2 p.m. to 7 p.m. at Centennial Plaza.
Mexican American Cultural Center reopens
- After nearly three years of renovations and expansion, Austin’s Mexican American Cultural Center is reopening its doors.
- The grand reopening celebration, called “Juntos de Nuevo,” takes place Saturday from 11 a.m. to 9 p.m.
- Visitors can enjoy live music, dance performances, art exhibits, hands-on workshops, food trucks, an artisan market, and tours of the newly renovated facility. The event is free and open to the public.
Know about a great weekend event?
Email details to jcestrada@cbsaustin.com or ammiller@cbsaustin.com for possible inclusion in a future Weekend Check segment on CBS Austin.
See wild rescue of trapped roller coaster riders
Eight people were rescued after the Iron Shark roller coaster stalled at Galveston Pleasure Pier, leaving riders stuck near the summit for hours.
While Texas Roadhouse is known for its signature steaks and rolls, the restaurant has changed its menu over the years.
Texas Roadhouse first opened in 1993 and has become known for favorites like its warm, freshly baked rolls served with honey cinnamon butter and its hand-cut steaks. While many signature items remain, some fan-favorite menu offerings have since been discontinued.
Recently, Tasting Table, which features recipes and news for food enthusiasts, looked back at some discontinued Texas Roadhouse menu items that some may remember fondly.
Here are some of the discontinued menu items at Texas Roadhouse.
Floor peanuts
While some Texas Roadhouse locations may still provide peanuts by request, the practice of throwing the shells on the floor ended with the pandemic, according to Tasting Table.
Users on Yelp also discussed whether peanut shells could be tossed on the floor.
“They still offer peanuts is sealed bags upon request. Just ask for peanuts and they’ll keep on bringing them,” one user said.
Baked beans
While the restaurant offers several side options, such as green beans, mashed potatoes, and seasoned corn, Texas Roadhouse no longer carries baked beans — which are common at steakhouses.
“Always enjoyed Texas Roadhouse but Broke my heart when they took those delicious baked beans off the menu,” a reddit user posted back in 2023, while searching for a recipe.
Original Chicken Critters
While there are Chicken Critters — chicken tenders that are golden-fried and lightly crispy — on the menu today, fans say the original recipe has changed.
Apparently, the tenders were crispier and lighter, according to Reddit users.
“My husband and I talk about the OG chicken critters all the time,” one Reddit user posted.
Sierra Chicken Pasta
The only pasta dish served at Texas Roadhouse has gone viral on TikTok, with many recreating it with their own recipes.
The Sierra Chicken Pasta was made with penne pasta, pieces of crispy bacon, and grilled chicken, all of which were tossed in an Asiago cheese sauce, according to The Takeout.
It doesn’t appear that Texas Roadhouse offers any type of pasta, according to its menu.
Oven-roasted half chicken
The discontinued item came in two styles — plain or barbecue — according to Tasting Table.
The restaurant still offers several chicken options, though, like smothered chicken (served with wide, made-from-scratch gravy) and grilled BBQ chicken.
Natassia Paloma may be reached at npaloma@gannett.com, @NatassiaPaloma on X, natassia_paloma on Instagram, and Natassia Paloma on Facebook.
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