This Is How Much Money Is Needed To Be Considered Rich In Each City In America

[BlackLion]

How much money you have to earn to be considered rich in the biggest city in every state. Link Below:

http://www.businessinsider.com/how-m...y-state-2018-4

If you make more than this you are considered fortunate.

[Sunspot144]

Did you notice all the author did was double the median household income for their acceptable 'rich' numbers?

Who the **** is Hillary Hoffower to say what is rich and what isn't? Lol

Wouldn't trust a .com source if my life depended on it, especially if they don't site their sources. Total advertising clickbait. Do yourself a favor and always question the credibility of what you read.

[Sunspot144]

[BaggaDonuts]

Rich is minimum 10 mil in the bank or 100k/mo passive cash flow. Wealthy is above 100m or 1m/month passive cash flow. Keep growing!

[BlackLion]

Originally Posted by BaggaDonuts

Rich is minimum 10 mil in the bank or 100k/mo passive cash flow. Wealthy is above 100m or 1m/month passive cash flow. Keep growing!

No having 1 million, or more in the bank is rich

[phaz0rz]

I wouldn't consider 1mil in the bank rich considering the tax burden on those folks. I have to agree with donuts. Being rich is being able to enjoy all the finer things in life without having to worry about it hurting your bank account.

[H4ck]

instead of linking an article all you had to do was this.

[phaz0rz]

Not much to discuss about some random dude who kinda looks like Desi Arnaz kissing a bunch of money.

[JamesNorth101]

Impossible to measure really

Some people who earn $250,000 a year after tax would think of themselves as 'rich' whereas others in the same position would think of that as destitute.

Is someone who can fly first class everywhere rich? Or do they have to go by private plane in order to be rich?

Its so subjective that everyone will have their own definition of what they need themselves in order to feel 'rich'

[H4ck]

what do I consider rich?

minimum - 1 billion dollars.

[empirestate]

1mil yearly is rich for me
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[mine]

It's pretty rich for everyone in here to talk about rich. It isn't like anyone here is ever going to get there.

[yankee]

Originally Posted by mine

It's pretty rich for everyone in here to talk about rich. It isn't like anyone here is ever going to get there.

[JamesNorth101]

Originally Posted by mine

It's pretty rich for everyone in here to talk about rich. It isn't like anyone here is ever going to get there.

[dan_ebay]

Over $20k a month after tax is fairly rich imo, could easily afford a mortgage on a $1 mil house, nice car and do pretty much whatever you want.

[H4ck]

if only I had a nice big trust fund like kylie jenner, and dan bilzerian.........

[rsot]

Originally Posted by phaz0rz

Not much to discuss about some random dude who kinda looks like Desi Arnaz kissing a bunch of money.

http://en.wikipedia.org/wiki/Joe_Hachem

[altending360]

This is definitely wrong. Rent in NYC is $4k a month easily. That is $48k a year. You would be broke after all other expenses.

[BlackLion]

Originally Posted by altending360

This is definitely wrong. Rent in NYC is $4k a month easily. That is $48k a year. You would be broke after all other expenses.

It says you need to make 110k in New York to feel well off. That is more than enough for rent, and expenses.

[empirestate]

Originally Posted by BlackLion

It says you need to make 110k in New York to feel well off. That is more than enough for rent, and expenses.

110k will be worth 40k in 30years

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[Leothebusinessman87]

Everyone will have their own opinion on how much you need to be considered rich, to some having 1 million is being rich, and to others having 1 billion is being rich, honestly for me...I´d say if you have at least $20 million dollars then you´re rich, because 1 million dollars can be spent real quick, you buy a house for lets say $500,000, then cars, and other toys, and that 1 million is gone.

[StealthJet99]

Good thing San Francisco, CA isn't on there lol. Can't imagine what it is. If you make $400,000 / year you're considered middle class because that isn't even enough to buy a house there.