You need to be a millionaire to be 'financially comfortable' in these five major US cities, new survey says

Hannah Towey
Updated ·1 min read
6
The sun sets on Central Park Tower and buildings along Billionaire Row in New York City
The sun sets on Central Park Tower and buildings along Billionaire Row in New York City.Gary Hershorn/Getty Images

  • Charles Schwab surveyed 1,000 Americans about their wealth and spending in May 2022.

  • Respondents said you need to be a millionaire to be "financially comfortable" in these five US cities.

  • From Denver to NYC, here are the survey's results ranked from the lowest to highest net worth required.

Denver: $671,000

Downtown Denver, Colorado, USA Drone Skyline Aerial Panorama
Kruck20/Getty Images

Phoenix: $747,000

Phoenix Arizona
Lightvision, LLC/Getty Images

Atlanta: $771,000

Skyline view of Atlanta, Georgia.
A guaranteed income program in Atlanta supports low-income Black women.Tetra Images

Dallas: $840,000

A row of homes in suburban Dallas, Texas.
Dallas, Texas' population is expected to more than double from 2020 to 2029.Skyhobo/Getty Images

Boston: $892,000

Red Brick houses along Acorn Street, Beacon Hill in Boston.
Red Brick houses along Acorn Street, Beacon Hill in Boston.Joe Daniel Price/Getty Images

Houston: $919,000

fireworks over the houston texas skyline
Fireworks in Houston, Texas.franckreporter/Getty Images

Chicago: $956,000

Downtown Chicago
Downtown ChicagoSteve Geer/Getty Images

Washington DC: $1.1 million

Capitol Hill neighborhood in Washington, DC
Pgiam/Getty Images

Seattle: $1.2 million

The Seattle skyline
The Seattle skyline.Joel Rogers/Getty Images

Southern California: $1.3 million

The Los Angeles skyline is seen from Griffith Park, at dusk in Los Angeles, Wednesday, Feb. 9, 2022.
The Los Angeles skyline is seen from Griffith Park, at dusk in Los Angeles, Wednesday, Feb. 9, 2022.J. David Ake/AP

New York City: $1.4 million

Manhattan skyline with Empire State building.
Manhattan skylineIsmael Rios / EyeEm

San Francisco: $1.7 million

The house is part of a row of seven houses known as the “Painted Ladies” or “Postcard Row” in San Francisco.
The house is part of a row of seven houses known as the “Painted Ladies” or “Postcard Row” in San Francisco.Rob Jordan

Read the original article on Business Insider