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Old 03-27-2018, 11:05 AM
 
2,517 posts, read 2,284,510 times
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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
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Old 03-27-2018, 12:09 PM
 
1,709 posts, read 1,373,879 times
Reputation: 1753
Is NYC right? That seems pretty low.
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Old 03-27-2018, 12:12 PM
 
Location: Brooklyn the best borough in NYC!
1,991 posts, read 873,311 times
Reputation: 1111
Quote:
Originally Posted by NOVA_guy View Post
Is NYC right? That seems pretty low.
Why does it seem low?
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Old 03-27-2018, 12:17 PM
 
2,517 posts, read 2,284,510 times
Reputation: 1865
Quote:
Originally Posted by NOVA_guy View Post
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
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Old 03-27-2018, 12:25 PM
 
56,802 posts, read 81,149,048 times
Reputation: 12563
It is essentially saying that you need to make twice the area median household income.
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Old 03-27-2018, 12:44 PM
 
Location: Northeast states
10,678 posts, read 8,227,356 times
Reputation: 2898
Quote:
Originally Posted by BrooklynJo View Post
Why does it seem low?
5% of NYC residents made 1 million or more
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Old 03-27-2018, 12:58 PM
 
Location: Bel Air, California
21,387 posts, read 21,954,803 times
Reputation: 33649
I'm going to have to slash my butler's salary less he gets any big ideas
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Old 03-27-2018, 04:18 PM
 
1,207 posts, read 884,821 times
Reputation: 1881
Quote:
Originally Posted by BPt111 View Post
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).
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Old 03-27-2018, 05:55 PM
 
1,709 posts, read 1,373,879 times
Reputation: 1753
Quote:
Originally Posted by Texamichiforniasota View Post
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.
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Old 03-27-2018, 07:35 PM
 
Location: Chi > DC > Reno > SEA
1,575 posts, read 731,336 times
Reputation: 2028
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.
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