14th February 2019 1
If you’re wondering, “How much do I need to be rich?” the answer depends on where you live. To be rich in America — or in the 80th percentile of household incomes — you need to earn $103,405, which is significantly less than the amount many Americans think they need to be “rich.” However, in some states, you need to earn even less than that to be among the top earners.
For this study, we defined “rich” as an income in the 80th percentile of households, and determined the states where that amount was less than $100,000. The study also took into consideration states where top-tier homes were affordable. In addition, we looked at living costs, including groceries, utilities, transportation and healthcare. Keep reading to see where you can live a rich life while earning less than $100,000.