The Richest 0.1% of Californians Have 268 Times the Income of Middle-Income Californians

Average Adjusted Gross Income, Tax Year 2024

Bar chart showing the average incomes of the richest 0.1% of Californians, the richest 1%, and the middle fifth of Californians. Average incomes in the 2024 tax year were about $15 million for the richest 0.1%, $3 million for the richest 1%, and about $56,000 for the middle fifth.

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Note: To be in the top 0.1%, tax filers had incomes of about $4.6 million or more. The top 1% represents filers with incomes of about $973,000 or more.

Source: Franchise Tax BoardDownload image