This Is How Much You Need To Make To Be Rich In Idaho

In the scenic state of Idaho, where the mountains meet the sky and the potatoes are as famous as the landscapes, something interesting has happened with the local economy. Over five years, from 2017 to 2022, Idaho has witnessed a significant transformation in what it means to be considered rich. If you've felt like your neighbor's new car seemed a bit fancier or that renovations across the street were a tad more lavish lately, you're not imagining things.

Even more remarkable is how Idaho stands out on the national stage. The average income growth for the top 5% across the United States clocked in at 31.47%, making Idaho's 40.34% growth look even more stellar. While Idaho might not lead the pack in terms of the absolute wealthiest states, this surge places it firmly on the map as a state experiencing robust economic health and promising opportunities for wealth accumulation.

Back in 2017, being among the top 5% of earners in Idaho meant you were raking in about $286,974 on average. Fast forward to 2022, and that number has skyrocketed to an impressive $402,743. The top earners in Idaho saw their income jump by a whopping 40.34%! This isn't just a small bump; it's a leap that signifies a prosperous shift in Idaho's economic landscape

This change reflects a broader narrative of shifting wealth standards across the country, but for Idaho, it's a clear sign of economic vibrancy. Whether it's due to booming industries, an influx of new residents, or other factors, one thing's for sure, Idaho is on an upward trajectory, making it an exciting time for those living and investing in the state.