Depending on where you live, you may need to have different amounts of money to be considered rich, according to data found in a new survey.
In the United States, on average, you would need to have a fortune of $2.2 million dollars to be considered rich by other Americans. It should be noted that last year this figure was $1.9 million dollars, according to the Annual Survey of Modern Wealth conducted by the financial services company Charles Schwab.
Now, if you want to be considered rich in the largest cities in the country, you will need more than $2.2 million dollars.
In San Francisco, for example, to be considered rich you would need $5.1 million dollars. This is the highest figure in the survey, which examined 12 of the largest metropolitan areas in the country.
To be considered financially comfortable, a San Francisco resident would need a fortune of at least $1. 7 million dollars, according to the survey.
Next, we share with you the amount of money or net worth that you would need in other large metropolitan areas in this 2022.
1. San Francisco: $5.1 million dollars
2. Southern California (includes Los Angeles and San Diego): $3.9 million dollars
3. New York City: $3.4 million dollars
4. Washington, DC: $3.3 million dollars
5. Seattle: $3.2 million dollars
6. Phoenix: $2.7 million dollars
7. Boston: $2.7 million dollars
8. Dallas: $2.6 million dollars
9. Houston: $2.6 million dollars
10. Atlanta: $2.5 million dollars
12. Chicago: $2.5 million dollars
12. Denver: $2.3 million
Net worth is a measure of the value of the assets a person or corporation owns, minus the liabilities they owe.
The survey online was conducted in early February, with a sample of 500 to 750 local residents for each metropolitan area, between the ages of 21 and 75 years old, according to CNBC.
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