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This is how a lot cash it takes to be thought of rich in 12 main U.S. cities

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Relying on the place you reside, a internet value totaling hundreds of thousands of {dollars} should be thought of merely “comfy,” a brand new survey finds.Within the U.S. general, it takes a internet value of $2.2 million to be thought of “rich” by different Individuals — up from $1.9 million final 12 months, in accordance with monetary providers firm Charles Schwab’s annual Fashionable Wealth Survey.Nevertheless, if you wish to be thought of wealthy by residents of huge metropolitan areas, it is going to require much more wealth. In San Francisco, the brink for what’s thought of rich is a internet value of $5.1 million. That is the best complete within the survey, which examined 12 of the most important metropolitan areas within the nation. To be thought of “financially comfy,” a San Francisco resident would want a internet value of a minimum of $1.7 million, the survey finds.This is a have a look at what it takes to be thought of rich by metropolis in 2022, as ranked by internet value thresholds:San Francisco: $5.1 millionSouthern California (consists of Los Angeles and San Diego): $3.9 millionNew York Metropolis: $3.4 millionWashington, D.C.: $3.3 millionSeattle: $3.2 millionPhoenix: $2.7 millionBoston: $2.7 millionDallas: $2.6 millionHouston: $2.6 millionAtlanta: $2.5 millionChicago: $2.5 millionDenver: $2.3 millionThe on-line survey was performed in early February, with a pattern of 500 to 750 native residents for every metropolitan space, between the ages of 21 and 75.Web value is a measure of the worth of the belongings an individual or company owns, minus the liabilities they owe.Enroll now: Get smarter about your cash and profession with our weekly newsletterDon’t miss: Biden calls on Congress to move a federal fuel tax vacation this summer season, however the financial savings won’t be value a lot

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