San Francisco topped the list, with the highest threshold for being in the top 20 percentile.Īustin was the highest city on the list from Texas. Portrait of the family Fagoga Arozqueta, about 1730. Someone in the top 10 of the global income distribution makes 122,100 per year. Average Income of the Top 20%: $267,777Īustin came in right behind San Diego. The term is often used in conjunction with terms like upper-middle class, middle class, and working class as part of a model of social stratification. In 2021, the average adult worldwide makes 23,380 and owns 102,600 in net worth. In the United States, the upper middle class is defined as consisting of white-collar professionals who have above-average personal incomes, advanced educational degrees 1 and a high degree of autonomy in their work, leading to higher job satisfaction.Lowest Income to be Considered “Rich” (Top 20%): $145,166.They also looked at the average income of people who have a salary in the top 20% and the average income of people in the top 5%.Īustin came in eighth for amount of money you would need to make to be considered rich, of the cities looked at. The $145k number would be the bottom income to fall into that 20% category. The company defined rich, in this publication, as the people in the top 20-percentile when it comes to their income. The next 20 of Americans from the top are considered the upper-middle class with a median net worth of 201,800.
AUSTIN (KXAN) - Want to be rich? In the city of Austin, you’re going to need to make more than $145,000 a year to fall into that category, compared to the other folks in this city.īanking Rates, an online finance publication, looked at how much money you would need to be “rich” in 50 major United States cities.
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