What it takes to be thought of rich in 12 main US cities

Relying on the place you reside, a web price of tens of millions of {dollars} should solely be thought of “snug,” a brand new survey finds.

Within the U.S. total, it takes a web price of $2.2 million to be thought of “wealthy” by different People — up from $1.9 million final yr, based on monetary providers firm Charles Schwab’s annual Trendy Wealth Survey.

Nevertheless, if you wish to be perceived as rich by residents of enormous metropolitan areas, it will require much more cash.

In San Francisco, the one who is taken into account rich has a web price of $5.1 million. That is the best whole within the survey, which examined the nation’s 12 largest metropolitan areas.

The survey discovered that to be thought of “financially snug,” a San Francisco resident would wish to have a web price of at the very least $1.7 million.

Here is a take a look at what it takes to be thought of rich by metropolis in 2022, as measured by web price thresholds:

  1. San Francisco: $5.1 million
  2. Southern California (consists of Los Angeles and San Diego): $3.9 million
  3. New York Metropolis: $3.4 million
  4. Washington DC: $3.3 million
  5. Seattle: $3.2 million
  6. Phoenix: $2.7 million
  7. Boston: $2.7 million
  8. Dallas: $2.6 million
  9. Houston: $2.6 million
  10. Atlanta: $2.5 million
  11. Chicago: $2.5 million
  12. Denver: $2.3 million

The net survey was performed in early February, sampling 500 to 750 native residents for every metropolitan space between the ages of 21 and 75.

Web price is a measure of the worth of a person’s or company’s belongings minus the liabilities they owe.

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