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

By on April 4, 2018 in ArticlesHow Much Does

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

Articles Written by Caitlin St John
Caitlin St John is a writer and editor who covers everything from fitness and celebs to lifestyle and design. A New Yorker through and through, Caitlin resides in Queens by way of eastern Long Island. Follow her on Instagram.
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