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If you're working toward earning a salary that will deem you "rich" in your city, it may take some time.
2018-11-15
One benchmark you can use on your way to wealth: Making it into the top 50% of earners.
If you're earning at least $75,368 in New York City, you make more money than half the population there. You're also technically middle class. To make it into the top 50% of earners in Los Angeles, you need to bring in $69,992 annually.
Here, we've highlighted the annual household income required to be in the top 50% in 50 major US metro areas, ranked from lowest to highest.
Tanza Loudenback is a personal finance expert and a Certified Financial Planner (CFP). She was the founding reporter of Personal Finance Insider, covering topics including taxes, retirement planning, banking, real estate and mortgages, and budgeting. Her work has been featured in WSJ Buy Side, Fortune Recommends, Korn Ferry, TheStreet, Morgan Stanley Wealth Management, and Fidelity. ExperienceTanza was the first reporter on the Personal Finance Insider team. In addition to helping build the vertical from the ground up, she helmed a biweekly advice column answering readers’ personal finance questions and launched a personal finance newsletter. She also published two e-books under the Personal Finance Insider brand.She was the editorial lead on Master Your Money series, a two-year-long Business Insider series providing financial advice to millennials. She managed Master Your Money bootcamp events over the course of the series. While at BI, she also expanded tax coverage to include a guide to the best tax software and commissioned a panel of experts to review all articles. Tanza obtained her CFP license in 2020. She aims to simplify personal finance concepts for readers so that they can make smart decisions with their money. ExpertiseTanza’s areas of personal finance expertise include:
Real estate/mortgages
Taxes
Retirement planning
Small business finances
Banking
Budgeting
Education Tanza is a graduate of Elon University with a degree in print and online journalism, with a minor in Italian studies.