How much money you need to feel wealthy? For sure a lot. But the amount of money the rich are different from state to state, from city to city. Financial services company Charles Schwab in 2016 conducted a survey of residents of the Bay Area and came to a stunning conclusion: in order to be considered rich in the Bay Area you’ll need at least $6 million.
Eighteen months later, the company again repeated the survey. This time the results were different – $4.2 million. It may surprise you, but 42% of the residents of the Bay Area are confident that once will become millionaires. A survey conducted by Zumper, showed that 84% of the residents of San Francisco are planning to buy a house, despite never ceasing to grow, the cost of housing.
To understand the depth of the optimism of the people of San Francisco, it is sufficient to refer to official statistics. So, 78% of households here have an average annual income (all family members) about $200 000. Only 37% of residents own their own property.
The analysis was conducted in other States. We give the highest «indicators of wealth» according to respondents.
At the national level to be considered rich, according to the Americans, you should have a balance of at least $2.4 million.
In Philadelphia, Pennsylvania and Houston (Texas), locals say that the rich can be considered as having $1.7 million.
In Charlotte (North Carolina) — $1.8 million.
Chicago (Illinois), and Denver (Colorado) — $2 million.
South Florida, Boston (Massachusetts) and Dallas (Texas)- $2.1 million.
Los Angeles — $2.6 million.
Seattle (Washington) — $2.7 million.
Washington — $3 million.
New York- $3.2 million.
By evaluating the results of the survey should be aware that the opinion of the respondents subjective and even the term «wealth» they understand different things. So, for example, 28% of respondents defined wealth as «having a lot of money,» and 32% «to be able to afford anything you want.»
