How much money Americans think you need to be wealthy in 12 major US cities (via CNBCMakeIt)
. In those places, residents say it takes much more to be considered rich. San Francisco locals say you need a net worth of at least $4 million. New Yorkers say $3.2 million.
Net worth means assets minus liabilities, so this is a picture of your total savings, including the value of your home, 401 and any other assets you may have, minus any debt. Read on to see what residents of other major U.S. cities think it takes to be rich. All data comes from Schwab, which asked between 500 and 750 adults in each city how much money it takes to be "wealthy" in their area.
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