Depending on where you live, a net worth amounting to countless dollars might still be thought about simply “comfortable,” a brand-new study discovers.
In the U.S. general, it takes a net worth of $2.2 million to be thought about “wealthy” by other Americans– up from $1.9 million in 2015, according to monetary services business Charles Schwab’s yearly Modern Wealth Survey.
However, if you wish to be thought about abundant by locals of big cities, it will need a lot more wealth.
In San Francisco, the limit for what’s thought about rich is a net worth of $5.1 million. That’s the greatest overall in the study, which took a look at 12 of the most significant cities in the nation.
To be thought about “financially comfortable,” a San Francisco homeowner would require a net worth of a minimum of $1.7 million, the study discovers.
Here’s a take a look at what it requires thought about rich by city in 2022, as ranked by net worth limits:
- San Francisco: $5.1 million
- Southern California (consists of Los Angeles and San Diego): $3.9 million
- New York City: $3.4 million
- Washington, D.C.: $3.3 million
- Seattle: $3.2 million
- Phoenix: $2.7 million
- Boston: $2.7 million
- Dallas: $2.6 million
- Houston: $2.6 million
- Atlanta: $2.5 million
- Chicago: $2.5 million
- Denver: $2.3 million
The online study was carried out in early February, with a sample of 500 to 750 regional homeowners for each city, in between the ages of 21 and 75.
Net worth is a step of the worth of the possessions an individual or corporation owns, minus the liabilities they owe.
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