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How Much Do You Need To Earn To Be Rich In These Major US Cities? - YouTube
Channel: The Infographics Show
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Roughly 20% of Americans are considered wealthy,
according to the Pew Research Center.
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To be in this group, you need be earn at least
twice the national median household income,
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which in 2016 was $59,039, according to the
latest data from the US Census Bureau.
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But then what your money is worth is also
relative to where you live.
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$50 in Nebraska goes a lot further than the
same $50 in California.
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Today, we鈥檒l break it down for you so that
its more comprehensible, in this episode of
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The Infographics Show: How Much Money Do You
Have to Earn to Be Rich in These Major US
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Cities?
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To gain insight into what it takes to be considered
wealthy across America, we鈥檝e taken census
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data published by Business Insider, and built
a list of 30 cities, outlining how much you
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would need to earn to be classified as rich
in these areas, and what earnings figure would
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put you in the top 1% of that city鈥檚 state.
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For clarity鈥檚 sake, we rounded all number
to the nearest thousand.
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Starting from the lowest to the highest, here鈥檚
how it looks.
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At number 30 is Milwaukee, Wisconsin.
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Located on the shores of Lake Michigan, it
has a metro-area population of 1.6 million,
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and is best known for its famous breweries
and the Major League Brewers.
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Median income here is $58,000; to be considered
rich, you need to earn more than $116,000,
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and to be in the top 1% in Wisconsin, you鈥檇
need to be earning $312,000 a year.
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Number 29 is Phoenix, Arizona.
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With a population of 4.7 million, its famous
for its year-round warm temperatures, high-end
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spa resorts, and Jack Nicklaus鈥揹esigned
golf courses.
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To enjoy this city as a rich person, you need
to be earning $116,000.
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Median income is $58,000 and it takes $309,000
per year to be in the top 1% in Arizona.
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Number 28 is Riverside, California, a city
near Los Angeles with a metro-area population
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of 4.5 million.
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Median income here is $58,000, you need more
than $116,000 to be considered rich, and it
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takes $454,000 to be in the top 1% in California.
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At number 27 is St. Louis, Missouri.
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This city sits along the Mississippi River.
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With a population of 2.8 million, it鈥檚 best
known for the iconic, 630-ft.
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Gateway Arch, built in the 1960s.
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To enjoy this city in the rich list, you need
more than $120,000.
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Median income is $60,000, and to be in the
top 1% in Missouri, it takes $305,000 per
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year.
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At number 26 is Charlotte, North Carolina.
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Charlotte is a major city and commercial hub,
with a population of 2.5 million.
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The Median income is $60,000, so to be considered
rich, you need more than $120,000, and it
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takes $328,000 per year to be in the top 1%
in North Carolina.
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At number 25 is Nashville, Tennessee.
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Home to Vanderbilt University and legendary
country music venues, the city has a population
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of 1.9 million, median income is $60,000,
and you need more than $120,000 to be considered
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rich.
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It takes $309,000 per year to be in the top
1% in Tennessee.
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Number 24 is Cincinnati, Ohio, a city on the
Ohio River; the Over-the-Rhine district is
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best known for its 19th-century architecture.
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With a population of 2.2 million and a median
income of $60,000, you need more than $120,000
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to be considered rich and it takes $317,000
per year to be in the top 1% in Ohio.
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At number 23 is another city in Ohio, namely
Columbus.
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It鈥檚 the states capital and sits along the
Scioto River.
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With a population of 2 million, and a median
income of $60,000, you need more than $120,000
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to mix with the rich, and, as we said a second
ago, it takes $317,000 per year to be in the
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top 1% in Ohio.
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Number 22 is Kansas City, Missouri.
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Famous for its barbecue, jazz heritage, and
fountains, the city has a population of 2.1
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million.
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Median income in Kansas City is $61,000, you
need more than $123,000 to be considered rich,
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and to be in the top 1% in Missouri, you need
to earn $351,000 per year.
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At number 21 is Houston, Texas, a large metropolis,
extending to Galveston Bay.
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It has a population of 6.8 million, a median
income of $62,000, and you need $123,000 to
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be called rich.
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You鈥檇 need to earn $425,000 per year to
be in the top 1% in Texas.
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At number 20 is Virginia Beach, Virginia,
which lies where the Chesapeake Bay meets
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the Atlantic Ocean.
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The population is 1.7 million, median income
is $62,000, you need more than $124,000 to
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be considered rich, and it takes $406,000
per year to be in the top 1% in Virginia.
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Number 19 is Providence, Rhode Island, home
to Brown University and the Rhode Island School
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of Design.
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It has a population of 1.6 million.
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Median income is $62,000; you鈥檒l need more
than $124,000 to mingle with the rich, and
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to be in the top 1% in Rhode Island, you鈥檇
need to earn $337,000 per year.
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At number 18 is Atlanta, Georgia, a city of
5.8 million, known for playing an important
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part in both the Civil War and the 1960s Civil
Rights Movement.
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Median income is $63,000, if you earn more
than $125,000 you鈥檒l be considered rich,
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and it takes $346,000 per year to be in the
top 1% in Georgia.
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At number 17 is Dallas, Texas, famous for
cowboys and ranches, it has a population of
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7.2 million.
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Median income is $64,000, if you鈥檙e rich
you鈥檒l be earning more than $128,000, and
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it takes $425,000 per year to be in the top
1% in Texas.
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At number 16 is Sacramento, California.
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This city lies at the confluence of the Sacramento
and American Rivers and has a population of
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2.3 million.
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You鈥檒l need to be earning more than $128,000
to be rich, because the median income is $64,000,
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and it takes $454,000 to be in the top 1%
in California.
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At number 15 is Los Angeles, California, the
home of Hollywood.
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Median income in Los Angeles is $66,000, you鈥檒l
need more than $132,000 to be considered rich
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and $444,000, as we already said, is the number
it takes to be in the top 1% in California.
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At number 14 is Philadelphia, Pennsylvania鈥檚
largest city with a population of 6.1 million.
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Median income is $66,000, you鈥檒l need more
than $132,000 for label of rich, and it takes
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$360,000 per year to be in the top 1% in Pennsylvania.
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At number 13 is Chicago, Illinois, which is
among the largest cities in the U.S. famed
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for its bold architecture.
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It has a population of 9.5 million, the Median
income in Chicago is $66,000, more than $132,000
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if you鈥檙e rich, and it takes $416,000 per
year to be in the top 1% in Illinois.
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At number 12 is Portland, Oregon.
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This city is known for its parks, bridges
and bicycle paths, and has a population of
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2.4 million.
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Median income is $69,000, rich is more than
$137,000, and it takes $313,000 to be in the
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top 1% in Oregon.
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Number 11 is San Diego, California, a city
of 3.3 million, on the Pacific coast of California,
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known for its beaches, parks, and warm climate.
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Median income is $71,000, to be rich you鈥檒l
need more than $142,000, and it takes $454,000
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to be in the top 1% in California.
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At number 10 is Austin, the capital of Texas,
an inland city bordering the Hill Country
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region, with a population of 2.1 million.
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Median income is $71,000, more than $142,000
if you鈥檙e rich, and it takes $425,000, as
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we already mentioned, to be in the top 1%
in Texas.
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Number 9 is New York City, the home of the
Statue of Liberty, the Yankees, and a population
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of 20.2 million.
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Median income is $72,000, to be considered
rich takes more than $144,000, and $518,000
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per year puts you in the top 1% in New York.
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At number 8 is Denver, Colorado, an American
metropolis dating to the Old West era with
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a population of 2.9 million.
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Median income is $72,000, the rich earn more
than $144,000, and it takes $411,000 per year
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to be in the top 1% in Colorado.
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Number 7 is Minneapolis, Minnesota, a city
of 3.6 million, known for its parks and lakes.
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Median income is $73,000, more than $146,000
if you want to be considered rich, and it
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takes a cool $411,000, to be in the top 1%
in Minnesota.
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At number 6 is the seaport of Baltimore, Maryland,
with a population of 2.8 million.
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Median income is $77,000, with the rich earning
more than $154,000, and $421,000 per year
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is what it takes to be in the top 1% in Maryland.
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At number 5 is Seattle, Washington.
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Surrounded by water, mountains and evergreen
forests, it has a population of 3.8 million.
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Median income is $79,000, rich is more than
$157,000, and it takes $388,000 to be in the
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top 1% in Washington.
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At number 4 is one of the oldest cities in
the U.S., Boston, Massachusetts.
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Founded in 1630 and with a current population
of 4.8 million, its Median income is $82,000,
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if rich you鈥檙e looking at more than $165,000,
and $539,000 per year is how much money it
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takes to be in the top 1% in Massachusetts.
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At number 3 is Washington, DC.
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A compact city on the Potomac River, with
a population of 6.1 million, its median income
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is $96,000, more than $192,000 is considered
rich, and it takes $545,000 per year to be
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in the top 1% in Washington, DC.
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Number 2 is San Francisco, California, a hilly
city on the tip of a peninsula with a population
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of 4.7 million.
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Median income is $97,000, to be rich it takes
more than $193,000, and you need $450,000
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to be in the top 1% in California.
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And last but not least, at number 1, is San
Jose, California.
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A large city surrounded by rolling hills in
Silicon Valley, the tech centre of the world.
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Median income here is $110,000, and you鈥檒l
need a hefty $220,000 or above to be considered
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rich, and as we already know, in California,
you鈥檒l need to earn $450,000 per year, to
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be in the top 1%.
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So, that鈥檚 our list of 30.
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Where you live, certainly makes a difference
as to what you need to earn to enjoy the lifestyle
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of the rich.
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Do you live in one of these top 30 cities?
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Does it seem unfair that life is so expensive
there?
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Let us know your thoughts in the comments!
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Also, be sure to check out our other video
called What Are the Most Expensive Countries
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in the World?!
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Thanks for watching, and, as always, don鈥檛
forget to like, share, and subscribe.
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See you next time!
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