Are You Wealthy? The Net Worth Considered ‘Rich’ in America’s Largest Cities

GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.

These brands compensate us to advertise their products in ads across our site.

This compensation may impact how and where products appear on this site.

Cropped shot of an affectionate young couple going through paperwork while doing their budget at home.

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.

it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.

In 2024, Americans stated that the averagenet worththey consider wealthy is $2.5 million.

Thats up by $300,000 over last year, when Americans said $2.2 million qualified you as rich.

The study also asked participants about how much theyd need to count as financially comfortable.

And the net worth that the average American considers wealthy is around13 times the median.

Still, dollars stretch further in St. Louis than in San Francisco.

So what do some of the regional differences look like for how much wealth residents consider rich?

As you might expect, residents in more expensive cities think you need more money toqualify as rich.

email sharing button