In New York City in 2005, the median income (including bonuses) of a corporate "chief operating officer" (the No. 2 job) was $377,000. The total compensation for a "top IT officer" in charge of information technology in New York City was $218,000. Thus even below the CEO level of top corporations, financial compensation will usually be sufficient to propel households with a mere one income earner in the top 1%. In 2005 only 1.5% of American households had incomes above $250,000 with many reaching this level only through having two income earners.