Just read this on MSN here is a good way to measure yourself up to the rest of the country.
The average U.S. household is home to 2.54 people, so factoring in the actual size of your household produces a more realistic estimate of how much income it takes to live like the wealthiest 5% of Americans.
By the same measure, here's the household income required to be "rich" in the five most and least expensive cities in our sample:
New York
$359,494
San Francisco
$359,061
San Jose, Calif.
$354,513
Washington, D.C.
$347,917
Boston
$316,613
Colorado Springs, Colo.
$207,472
Omaha
$207,019
Fresno, Calif.
$205,349
Albuquerque, N.M.
$193,483
El Paso, Texas
$175,161
U.S. average
$245,218
$490,436
The average U.S. household is home to 2.54 people, so factoring in the actual size of your household produces a more realistic estimate of how much income it takes to live like the wealthiest 5% of Americans.
By the same measure, here's the household income required to be "rich" in the five most and least expensive cities in our sample:
New York
$359,494
San Francisco
$359,061
San Jose, Calif.
$354,513
Washington, D.C.
$347,917
Boston
$316,613
Colorado Springs, Colo.
$207,472
Omaha
$207,019
Fresno, Calif.
$205,349
Albuquerque, N.M.
$193,483
El Paso, Texas
$175,161
U.S. average
$245,218
$490,436
