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You Need To Make This Much Money If You Want To Be Considered Wealthy In These Cities

You Need To Make This Much Money If You Want To Be Considered Wealthy In These Cities

I’m going to tell you something that you have trouble admitting to yourself — you’re going to be broke forever. Once you accept that, you can finally be on the road to happiness and understand that living paycheck to paycheck is what everyone’s doing. Yeah, it sucks, but resolving yourself to the fact that you’ll never strike gold is all a part of growing up.

Don’t believe me? Well, you better start because Charles Schwab did a study on how much you need to be taking down if you want to be considered financially stable and wealthy in five cities across the United States. Per Town & Country, the depressing statistics are as follows.

SEATTLE

Average net worth it takes to be financially comfortable: $857,000

Average net worth it takes to be wealthy: $3.036 million

CHICAGO

Average net worth it takes to be financially comfortable: $660,000

Average net worth it takes to be wealthy: $2.5 million

DALLAS-FORT WORTH

Average net worth it takes to be financially comfortable: $130,000

Average net worth it takes to be wealthy in Dallas: $670,000

WASHINGTON, D.C.

Average net worth it takes to be financially comfortable: $270,000

Average net worth it takes to be wealthy: $1.25 million

SAN FRANCISCO

Average net worth it takes to be financially comfortable: $1 million

Average net worth it takes to be wealthy: $6 million

Financially comfortable in San Francisco for a mere $1 million. You’re probably sitting at your desk trying to figure out if you’ve made that in your entire life (which you haven’t).

I know these truth bombs are a lot for a Monday, but your Monday sucks anyway so it’s best to get this all out of the way now instead of later in the week when you can feel the weekend coming. Keep your head up and don’t move to the money pit that is San Francisco.

[via Town & Country]

Image via Shutterstock

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Will deFries

Will deFries (@WilldeFries) is the world's foremost authority on Sunday Scaries. Writer, Editor, and Content Manager at Post Grad Problems. Email me at will@grandex.co.

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