Home Personal Finance The Average Net Worth to be Wealthy in 12 US Cities

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The Average Net Worth to be Wealthy in 12 US Cities

By

Eric Joseph Gomes

-

28/06/2023

199

The Average Net Worth for Wealth in 12 US Cities: What does “wealth” mean to you personally? In Schwab’s sixth annual Modern Wealth Survey, which included 1,000 respondents, it was found that having an average net worth of $2.2 million qualified one as affluent. But among the 48% of Americans who feel affluent today, the average net worth is $560,000, or approximately a fifth of the aforementioned millions.

In order to determine how much money it takes to be affluent in particular cities and geographic locations, Schwab’s Modern Wealth Survey also examines these places. Here are the average net worth requirements for riches in 12 American cities in 2023, listed in alphabetical order.

The Average Net Worth to be Wealthy in 12 US Cities

Atlanta

The required net worth to be affluent is on average $2.3 million.
The average net wealth required to be comfortably off: $729,000

Boston

To be affluent, one needs a net worth of $2.9 million on average.
Financial contentment requires an average net worth of $932,000.

The Average Net Worth for Wealth in 12 US Cities: Chicago

The required net worth to be affluent is on average $2.3 million.
Financial contentment requires an average net worth of $817,000.

Dallas

The required net worth to be affluent is on average $2.3 million.
To be financially comfortable, you need to have an average net worth of $820,000.

Denver

$2.5 million is the average net worth required to be affluent.
Average net worth required to be comfortable financially: $710,000
$10k each quarter Due to a mistake, this 1999 Georgia coin is extremely valuable.

Houston

$2.1 million is the average net worth required to be affluent.
To be comfortably off, you need to have an average net worth of $606,000.

The Average Net Worth for Wealth in 12 US Cities: A new York

$3.3 million is the average net worth required to be affluent.
Financial contentment requires an average net worth of $1.2 million.

Phoenix

The required net worth to be affluent is typically $2.4 million.
Financial contentment requires an average net worth of $653,000.

Santa Clara

The required net worth to be affluent is typically $4.7 million.
Financial contentment requires an average net worth of $1.7 million.

The Average Net Worth for Wealth in 12 US Cities: Seattle

The required net worth to be affluent is typically $3.1 million.
To be financially comfortable, you need to have an average net worth of $1 million.

Los Angeles, California

$3.5 million is the average net worth required to be affluent.
The typical amount of wealth required to be comfortably off is $1.5 million.

In Washington, D.C.

$3 million is the typical net worth required to be affluent.
To be financially comfortable, you need to have an average net worth of $1 million.

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