The Average Net Worth to be Wealthy in 12 US Cities

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
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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.