How Much Money You Have To Earn To Be Rich (rent, median income)

[Ebck120]

How much money you have to earn to be considered rich in 42 major US cities

Memphis, Tennessee: more than $99,618
• How much money it takes to be in the top 1% in Tennessee: $308,834
• Median income in Memphis: $49,809
• Metro-area population: 1.3 million

Tampa, Florida: more than $102,230
• How much money it takes to be in the top 1% in Florida: $385,410
• Median income in Tampa: $51,115
• Metro-area population: 3 million

Miami, Florida: more than $102,724
• How much money it takes to be in the top 1% in Florida: $385,410
• Median income in Miami: $51,362
• Metro-area population: 6.1 million

Cleveland, Ohio: more than $104,262
• How much money it takes to be in the top 1% in Ohio: $317,124
• Median income in Cleveland: $52,131
• Metro-area population: 2.1 million

Orlando, Florida: more than $104,770
• How much money it takes to be in the top 1% in Florida: $385,410
• Median income in Orlando: $52,385
• Metro-area population: 2.4 million

Las Vegas, Nevada: more than $108,768
• How much money it takes to be in the top 1% in Nevada: $311,977
• Median income in Las Vegas: $54,384
• Metro-area population: 2.2 million

Oklahoma City, Oklahoma: more than $110,130
• How much money it takes to be in the top 1% in Oklahoma: $324,935
• Median income in Oklahoma City: $55,065
• Metro-area population: 1.4 million

Pittsburgh, Pennsylvania: more than $112,126
• How much money it takes to be in the top 1% in Pennsylvania: $360,343
• Median income in Pittsburgh: $56,063
• Metro-area population: 2.3 million

San Antonio, Texas: more than $112,210
• How much money it takes to be in the top 1% in Texas: $424,507
• Median income in San Antonio: $56,105
• Metro-area population: 2.4 million

Detroit, Michigan: more than $112,284
• How much money it takes to be in the top 1% in Michigan: $306,740
• Median income in Detroit: $56,142
• Metro-area population: 4.3 million

Indianapolis, Indiana: more than $113,500
• How much money it takes to be in the top 1% in Indiana: $296,640
• Median income in Indianapolis: $56,750
• Metro-area population: 2.0 million

Jacksonville, Florida: more than $113,680
• How much money it takes to be in the top 1% in Florida: $385,410
• Median income in Jacksonville: $56,840
• Metro-area population: 1.5 million

Milwaukee, Wisconsin: more than $116,058
• How much money it takes to be in the top 1% in Wisconsin: $312,375
• Median income in Milwaukee: $58,029
• Metro-area population: 1.6 million

Phoenix, Arizona: more than $116,150
• How much money it takes to be in the top 1% in Arizona: $309,102
• Median income in Phoenix: $58,075
• Metro-area population: 4.7 million

Riverside, California: more than $116,472
• How much money it takes to be in the top 1% in California: $453,772
• Median income in Riverside: $58,236
• Metro-area population: 4.5 million

St. Louis, Missouri: more than $119,560
• How much money it takes to be in the top 1% in Missouri: $305,471
• Median income in St. Louis: $59,780
• Metro-area population: 2.8 million

Charlotte, North Carolina: more than $119,958
• How much money it takes to be in the top 1% in North Carolina: $327,549
• Median income in Charlotte: $59,979
• Metro-area population: 2.5 million

Nashville, Tennessee: more than $120,060
• How much money it takes to be in the top 1% in Tennessee: $308,834
• Median income in Nashville: $60,030
• Metro-area population: 1.9 million

Cincinnati, Ohio: more than $120,520
• How much money it takes to be in the top 1% in Ohio: $317,124
• Median income in Cincinnati: $60,260
• Metro-area population: 2.2 million

Columbus, Ohio: more than $120,588
• How much money it takes to be in the top 1% in Ohio: $317,124
• Median income in Columbus: $60,294
• Metro-area population: 2.0 million

Kansas City, Missouri: more than $122,770
• How much money it takes to be in the top 1% in Missouri: $351,497
• Median income in Kansas City: $61,385
• Metro-area population: 2.1 million

Houston, Texas: more than $123,416
• How much money it takes to be in the top 1% in Texas: $424,507
• Median income in Houston: $61,708
• Metro-area population: 6.8 million

Virginia Beach, Virginia: more than $123,610
• How much money it takes to be in the top 1% in Virginia: $406,412
• Median income in Virginia Beach: $61,805
• Metro-area population: 1.7 million

Providence, Rhode Island: more than $123,896
• How much money it takes to be in the top 1% in Rhode Island: $336,625
• Median income in Providence: $61,948
• Metro-area population: 1.6 million

Atlanta, Georgia: more than $125,226
• How much money it takes to be in the top 1% in Georgia: $345,876
• Median income in Atlanta: $62,613
• Metro-area population: 5.8 million

Dallas, Texas: more than $127,624
• How much money it takes to be in the top 1% in Texas: $424,507
• Median income in Dallas: $63,812
• Metro-area population: 7.2 million

Sacramento, California: more than $128,104
• How much money it takes to be in the top 1% in California: $453,772
• Median income in Sacramento: $64,052
• Metro-area population: 2.3 million

Los Angeles, California: more than $131,900
• How much money it takes to be in the top 1% in California: $453,772
• Median income in Los Angeles: $65,950
• Metro-area population: 13.3 million

Philadelphia, Pennsylvania: more than $131,992
• How much money it takes to be in the top 1% in Pennsylvania: $360,343
• Median income in Philadelphia: $65,996
• Metro-area population: 6.1 million

Chicago, Illinois: more than $132,040
• How much money it takes to be in the top 1% in Illinois: $416,319
• Median income in Chicago: $66,020
• Metro-area population: 9.5 million

Portland, Oregon: more than $137,352
• How much money it takes to be in the top 1% in Oregon: $312,839
• Median income in Portland: $68,676
• Metro-area population: 2.4 million

San Diego, California: more than $141,648
• How much money it takes to be in the top 1% in California: $453,772
• Median income in San Diego: $70,824
• Metro-area population: 3.3 million

Austin, Texas: more than $142,000
• How much money it takes to be in the top 1% in Texas: $424,507
• Median income in Austin: $71,000
• Metro-area population: 2.1 million

New York City: more than $143,794
• How much money it takes to be in the top 1% in New York: $517,557
• Median income in New York City: $71,897
• Metro-area population: 20.2 million

Denver, Colorado: more than $143,852
• How much money it takes to be in the top 1% in Colorado: $410,716
• Median income in Denver: $71,926
• Metro-area population: 2.9 million

Minneapolis, Minnesota: more than $146,462
• How much money it takes to be in the top 1% in Minnesota: $411,022
• Median income in Minneapolis: $73,231
• Metro-area population: 3.6 million

Baltimore, Maryland: more than $153,576
• How much money it takes to be in the top 1% in Maryland: $421,188
• Median income in Baltimore: $76,788
• Metro-area population: 2.8 million

Seattle, Washington: more than $157,224
• How much money it takes to be in the top 1% in Washington: $387,854
• Median income in Seattle: $78,612
• Metro-area population: 3.8 million

Boston, Massachusetts: more than $164,760
• How much money it takes to be in the top 1% in Massachusetts: $539,055
• Median income in Boston: $82,380
• Metro-area population: 4.8 million

Washington, DC: more than $191,686
• How much money it takes to be in the top 1% in Washington, DC: $544,719
• Median income in DC: $95,843
• Metro-area population: 6.1 million

San Francisco, California: more than $193,354
• How much money it takes to be in the top 1% in California: $453,772
• Median income in San Francisco: $96,677
• Metro-area population: 4.7 million

San Jose, California: More than $220,080
• How much money it takes to be in the top 1% in California: $453,772
• Median income in San Jose: $110,040
• Metro-area population: 2 million

How much money rich people earn in the US, from San Francisco to NYC - Business Insider

[NOVA_guy]

Is NYC right? That seems pretty low.

[BrooklynJo]

Originally Posted by NOVA_guy

Is NYC right? That seems pretty low.

Why does it seem low?

[Ebck120]

Originally Posted by NOVA_guy

Is NYC right? That seems pretty low.

If you look at the 1% amount, it is much higher then most of the other cities which would mean the upper tier makes more in NYC then most other cities.

New York City: more than $143,794
• How much money it takes to be in the top 1% in New York: $517,557
• Median income in New York City: $71,897
• Metro-area population: 20.2 million

[ckhthankgod]

It is essentially saying that you need to make twice the area median household income.

[BPt111]

Originally Posted by BrooklynJo

Why does it seem low?

5% of NYC residents made 1 million or more

[Ghengis]

I'm going to have to slash my butler's salary less he gets any big ideas

[Texamichiforniasota]

Originally Posted by BPt111

5% of NYC residents made 1 million or more

This is kind of a silly list. It is using metro areas, which is its own issue. I get it, some cities like NYC have most of the wealth concentrated in the city, while others like Detroit have most of the wealth in the suburbs, so you need something to even out the comparison. Still, a lot of poor, rural areas sit in counties that are included in MSAs, especially in the West, where counties tend to be bigger.

Second, just to say that someone who has twice the median income is rich is not only lazy, it is incorrect. That person is probably upper middle class, but they certainly have to think about how they spend their money. The 1% salaries are probably more in line with people not having to think about they spend on a day to day basis, and that is where I would draw the line for rich. Still, costs of living has to be factored in as well, as someone making 411K in Minneapolis (MN 1% income) probably is in better financial shape than someone making 453K in San Francisco (CA 1% income).

[NOVA_guy]

Originally Posted by Texamichiforniasota

This is kind of a silly list. It is using metro areas, which is its own issue. I get it, some cities like NYC have most of the wealth concentrated in the city, while others like Detroit have most of the wealth in the suburbs, so you need something to even out the comparison. Still, a lot of poor, rural areas sit in counties that are included in MSAs, especially in the West, where counties tend to be bigger.

Second, just to say that someone who has twice the median income is rich is not only lazy, it is incorrect. That person is probably upper middle class, but they certainly have to think about how they spend their money. The 1% salaries are probably more in line with people not having to think about they spend on a day to day basis, and that is where I would draw the line for rich. Still, costs of living has to be factored in as well, as someone making 411K in Minneapolis (MN 1% income) probably is in better financial shape than someone making 453K in San Francisco (CA 1% income).

Disagree - I don't think it's silly. I'm a data junkie, so I always find lists like this interesting, data like median income, population, etc is important, it tells a story.

[TheTimidBlueBars]

Can't believe the median income in Miami is so low. They got rent control or something? I've heard horror stories about how expensive South Florida is.