Nevada: How Much Do You Need to Earn to Be ‘Rich’ in the State?
It’s kind of a superficial question, but it’s a common one. What does it take to be officially “rich?” With inflation and the rising cost of living, it’s even more difficult to figure out just what “rich” means these days. So, how much do you need to earn to be rich in Nevada? One new study will give you the answer.
GoBankingRates has released its list of what income you have to earn in each state to be considered rich. Of course, the numbers vary widely. “For example, if you live in New York or California, you’ll need to earn about four times the median income to crack the top 10%,” they explain. “In other states, like Utah, the top 10% of incomes are more like three times as large as median salaries.” So, to help highlight the disparities, GOBankingRates used U.S. Census Bureau data from the 2021 American Community Survey to find top quintile (20%) income and the amount earned by the top 10% of earners in each state. “GOBankingRates then compared this figure to the overall median household income in the U.S. for context,” they explain.
So, how much do you need to earn to be rich in Nevada? The median income in Nevada is $65,686. The top 10% income is $224,480. So, if you make above $224,480, then congratulations, because you’re officially rich. Are you surprised at that number? Here’s some information on how it stacks up to other states. “In Nevada, the median earner is earning a few thousand dollars less than the national average,” GoBankingRates states. “However, the top 10% is earning $158,794 above median earners per year.” Find the full study of what you need to earn to be rich in all of the U.S. states here.
Nevada: 10 Companies Hiring Remote Workers Now
