How Much You Need To Be Rich In 50 Major US Cities?

Curious How Much You Need To Be Rich In 50 Major US Cities? Keep reading!

All over the world, if you are earning more than the top 20% of the people, you are considered rich, but each city’s top 20% is different because of the population and the general income level.

We will see 50 Major US Cities’ requirements to be rich and how much you need to earn.

How Much You Need To Be Rich In 50 Major US Cities
How Much You Need To Be Rich In 50 Major US Cities

What Rich Means

To be considered rich around the world, there are several things you need to fulfill. Some cities require you to have a combination of all of them, and some cities require just one.

In the United States, generally, the case is that if you are earning in the top 20%, you are considered rich.

For example, in San Francisco, one of the most expensive cities in the country, you need to earn at least $239 thousand minimum annually to be considered rich, but of course, the average income for those in the top 20% is much higher, generally the double of the minimum amount but the minimum threshold is the limit to be rich.

Survey: 69% Of Americans Have Less Than $1,000 In Savings

  • San Francisco

The minimum annual income for the top 20% is $239 thousand.

  • San Jose

The minimum annual income for the top 20% is $214 thousand.

  • Washington, District of Columbia

The minimum annual income for the top 20% is $189 thousand.

  • Seattle

The minimum annual income for the top 20% is $186 thousand.

  • Oakland, California

The minimum annual income for the top 20% is $161 thousand.

  • Boston

The minimum annual income for the top 20% is $159 thousand.

  • San Diego

The minimum annual income for the top 20% is $157 thousand.

  • Austin

The minimum annual income for the top 20% is $145 thousand.

  • New York

The minimum annual income for the top 20% is $144 thousand.

  • Denver

The minimum annual income for the top 20% is $141,8 thousand.

  • Atlanta

The minimum annual income for the top 20% is $141,3 thousand.

  • Portland

The minimum annual income for the top 20% is $140 thousand.

  • Los Angeles

The minimum annual income for the top 20% is $135 thousand.

  • Virginia Beach

The minimum annual income for the top 20% is $134 thousand.

  • Raleigh

The minimum annual income for the top 20% is $131 thousand.

  • Minneapolis

The minimum annual income for the top 20% is $130 thousand.

  • Chicago

The minimum annual income for the top 20% is $129,7 thousand.

  • Charlotte

The minimum annual income for the top 20% is $129,04 thousand.

  • Long Beach

The minimum annual income for the top 20% is $127 thousand.

  • Colorado Springs

The minimum annual income for the top 20% is $122 thousand.

  • Sacramento

The minimum annual income for the top 20% is $121 thousand.

  • Fort Worth

The minimum annual income for the top 20% is $120 thousand.

  • Arlington

The minimum annual income for the top 20% is $116,8 thousand.

  • Omaha

The minimum annual income for the top 20% is $116,6 thousand.

  • Houston

The minimum annual income for the top 20% is $115,7 thousand.

  • Nashville

The minimum annual income for the top 20% is $115,6 thousand.

  • Phoenix

The minimum annual income for the top 20% is $114 thousand.

  • Dallas

The minimum annual income for the top 20% is $112 thousand.

  • Las Vegas

The minimum annual income for the top 20% is $111 thousand.

  • Mesa

The minimum annual income for the top 20% is $110 thousand.

  • Oklahoma City

The minimum annual income for the top 20% is $109,6 thousand.

  • Kansas City

The minimum annual income for the top 20% is $109,2 thousand.

  • Baltimore

The minimum annual income for the top 20% is $109,1 thousand.

  • Albuquerque

The minimum annual income for the top 20% is $106,86 thousand.

  • Louisville

The minimum annual income for the top 20% is $106,8 thousand.

  • Jacksonville

The minimum annual income for the top 20% is $105 thousand.

  • Wichita

The minimum annual income for the top 20% is $104 thousand.

  • San Antonio

The minimum annual income for the top 20% is $103,4 thousand.

  • New Orleans

The minimum annual income for the top 20% is $103,1 thousand.

  • Fresno

The minimum annual income for the top 20% is $102 thousand.

  • Columbus

The minimum annual income for the top 20% is $101,7 thousand.

  • Philadelphia

The minimum annual income for the top 20% is $101,2 thousand.

  • Tulsa

The minimum annual income for the top 20% is $100 thousand.

  • Indianapolis

The minimum annual income for the top 20% is $97 thousand.

  • El Paso

The minimum annual income for the top 20% is $94 thousand.

  • Miami

The minimum annual income for the top 20% is $92 thousand.

  • Memphis

The minimum annual income for the top 20% is $86,9 thousand.

  • Tucson

The minimum annual income for the top 20% is $86,7 thousand.

  • Milwaukee

The minimum annual income for the top 20% is $84 thousand.

  • Detroit

The minimum annual income for the top 20% is $66 thousand.


The Verdict

As you can see, each city’s requirement is different, and the bigger the city, the higher the need to have a certain amount of money to be considered rich.

This is mainly due to tax issues and the number of people willing to move to that city with a certain amount of money.


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