Income Level to be Wealthy

Mar 12, 2012

Q. What annual income level would you say was the minimum to be “wealthy” for a single person?

What annual income level would you say was the minimum to be “wealthy” for a family of 2 parents and 2 children?

Single Person

Family

 

Total

Income under $1,000pw

Income $1,000 – $1,600pw

Income $1,600+

Total

Income under $1,000pw

Income $1,000 – $1,600pw

Income $1,600+

$40,000

2%

3%

1%

1%

1%

$60,000

6%

10%

4%

6%

2%

2%

3%

*

$80,000

15%

17%

20%

10%

4%

7%

3%

2%

$100,000

21%

19%

25%

23%

9%

13%

10%

5%

$120,000

14%

11%

15%

17%

9%

10%

13%

6%

$150,000

17%

18%

13%

22%

19%

17%

22%

20%

$200,000

10%

8%

10%

11%

22%

20%

16%

32%

$300,000

4%

3%

4%

4%

15%

10%

15%

19%

$500,000

4%

3%

6%

3%

9%

9%

11%

7%

$1 million

3%

3%

1%

3%

5%

4%

4%

7%

Don’t know

5%

4%

2%

1%

5%

5%

3%

1%

median

$106,000

$102,000

$98,000

$113,000

$159,000

$146,000

$147,000

$182,000

58% think that a single person earning $120,000 would be considered “wealthy”. The average (median) minimum income for a single person to be considered “wealthy” was $106,000.

66% think that a family earning $200,000 would be considered “wealthy”. The average (median) minimum income for a family to be considered “wealthy” was $159,000.

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