You are using an older browser version. Please use a supported version for the best MSN experience.

How much money you have to earn to be considered rich in 42 major US cities

Business Insider Logo By Abby Jackson of Business Insider | Slide 1 of 43: How much money it takes to be "rich" varies from city to city.About 20% of Americans are upper-income, or "rich," meaning they earn at least two times the national median household income.The amount of money it takes to be considered rich is largest in San Jose, California. Everything in life is relative. That phrase is especially true when looking at how much money it takes to be considered "rich" in different US cities. While terms like "middle class" and "rich" are used broadly - and often incorrectly - they can be quantified using federal data. About 20% of Americans are upper-income, or "rich,"  according to the Pew Research Center. This group of earners makes at least two times the national median household income: $59,039 in 2016, according to the latest data from the US Census Bureau's  2016 American Community Survey. Nationally, the threshold for "rich" is $118,080, but that figure varies from city to city depending on the local median income. To get a sense of how much you need to earn to be considered above-middle-class in different cities, Business Insider pulled census data for the largest metropolitan statistical areas. For clarity, we listed the largest city in the MSA (some include more than one). Below, find out what it takes to be considered rich in the 42 largest metro areas in the US, plus what  income is needed to be in the top 1% in those states.

While terms like "middle class" and "rich" are used broadly -- and often incorrectly -- they can be quantified using federal data.

About 20% of Americans are upper-income, or "rich," according to the Pew Research Center. This group of earners makes at least two times the national median household income: $59,039 in 2016, according to the latest data from the US Census Bureau's 2016 American Community Survey.

Nationally, the threshold for "rich" is $118,080, but that figure varies from city to city depending on the local median income.

To get a sense of how much you need to earn to be considered above-middle-class in different cities, Business Insider pulled census data for the largest metropolitan statistical areas. For clarity, we listed the largest city in the MSA (some include more than one).

Click through to find out what it takes to be considered rich in the 42 largest metro areas in the US, plus what income is needed to be in the top 1% in those states.

© Alberto E. Rodriguez/Getty Images for Veuve Clicquot

More from Business Insider

Business Insider
Business Insider
image beaconimage beaconimage beacon