If you’re in your hometown’s top 1% of earners, there’s no doubt that you’re doing well for yourself.
But not all one-percenters are created equal.
The Economic Policy Institute calculated how much money puts a household in the top 1% of income earners in every metropolitan area in the US. For the US overall, the income threshold required to be in the 1% of earners is $389,436 pre-tax, but for populous places like San Francisco and Houston, that number rises to $785,946 and $606,286, respectively.
Below, we’ve highlighted the annual household income required to be in the top 1% for the 15 largest cities in the US, as determined by the Census Bureau. (But keep in mind that the income thresholds listed apply to the entire metropolitan areas.) We’ve also included median household income — in 2015 dollars — for comparison purposes.
How do you stack up?
Income required to be in the top 1%: $379,250
Median household income: $45,659
Income required to be in the top 1%: $405,486
Median household income: $41,987
Income required to be in the top 1%: $785,946
Median household income: $81,294
April 22, 2017 at 12:04AM
from Business Insider