How Much Money Individuals Must Earn To Be "Rich" In 10 Major US Cities

By on April 4, 2018 in ArticlesHow Much Does

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How much do you think someone must make in order to be considered "rich?"

According to the Pew Research Center, approximately 20% of Americans are upper-income, or "rich." These individuals make at least double the national median household income, which was $59,039 in 2016. This makes the national threshold $118,080; however, when considering U.S. cities independently, this amount varies because of the difference in local median incomes.

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These are the 10 United States cities where people must make the most in order to be labeled as upper-class.

Austin: More than $142,000

What it takes to be in the top 1% in Texas: $424,507

Median income in Austin: $71,000

New York City: More than $143,794

What it takes to be in the top 1% in New York: $517,557

Median income in New York City: $71,897

Denver: More than $143,852

What it takes to be in the top 1% in Colorado: $410,716

Median income in Denver: $71,926

Minneapolis: More than $146,462

What it takes to be in the top 1% in Minnesota: $411,022

Median income in Minneapolis: $73,231

Baltimore: More than $153,576

What it takes to be in the top 1% in Maryland: $421,188

Median income in Baltimore: $76,788

Seattle: More than $157,224

What it takes to be in the top 1% in Washington: $387,854

Median income in Seattle: $78,612

Boston: More than $164,760

What it takes to be in the top 1% in Massachusetts: $539,055

Median income in Boston: $82,380

Washington, DC: More than $191,686

What it takes to be in the top 1% in Washington, DC: $544,719

Median income in DC: $95,843

San Francisco: More than $193,354

What it takes to be in the top 1% in California: $453,772

Median income in San Francisco: $96,677

San Jose: More than $220,080

What it takes to be in the top 1% in California: $453,772

Median income in San Jose: $110,040

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