It takes a lofty annual income to be considered upper class, so exactly how much do you need to earn to be “rich”?
Many Americans believe having about $2.4 million in the bank makes you wealthy, according to a Charles Schwab survey. However, the Pew Research Center reports upper class households have incomes more than double the median, which is $61,372 nationally. That means upper class households rake in more than $122,744.
That number isn’t the same in every city, though.
The household median income for metro Atlantans is $54,802, according to the 2017 American Community Survey, an annual U.S. Census Bureau study that examines economic data among Americans. Therefore, you need to earn more than $109,604 to be considered “rich” in the metro area.
The figure is more than $10,000 less than the national threshold.
Want to know more about income changes across the country? Take a look at the full American Community Survey here.
Support real journalism. Support local journalism. Subscribe to The Atlanta Journal-Constitution today. See offers.
Your subscription to the Atlanta Journal-Constitution funds in-depth reporting and investigations that keep you informed. Thank you for supporting real journalism.