31 cities where you could be considered 'rich' if you earn less than $100,000
- GoBankingRates released a new study that measures what it takes to be considered "rich" in American cities.
- GoBankingRates looked at household income percentiles and concluded that an individual making more than 80% of the community is "rich."
- Here's where you can still be "rich" making less than $100,000 a year.
Being "rich" means something different to most people.
GoBankingRates released a new study that determined the American cities where you can still be considered "rich" earning an income of less than $100,000.The study defined being rich or wealthy as "one with more money or assets relative to others in a society." GoBankingRates looked at household income percentiles and concluded that an individual making more than 80% of their community is "rich."
They study also factored in median home values from Zillow and data from Sperling's Best Places on grocery costs, utilities, healthcare, and transportation.
Below, check out the 31 cities where making between $60,000 and $100,000 puts you in the top 20% of earners in your area.