median

What does it take to be rich? About $150k, apparently

Dec. 13, 2011 at 7:45 AM ET

How much would you have to make to consider yourself rich?

For many Americans, $150,000 is the magic number.

A new Gallup poll finds that the median annual income Americans would want to earn to consider themselves rich is $150,000.

That’s about three times the actual median household income of the United States, which is currently around $50,000 a year. (Life Inc. has been chronicling what it’s like to live on the midpoint of the nation's household income spectrum in a series called We are the median.)

The amount you actually make plays a big role in how much you’d want to make to consider yourself rich.

The Gallup pollsters found that households making less than $50,000 a year would want to earn $100,000 to consider themselves rich.

For households bringing in more than $50,000 a year, the median income needed to feel rich was $200,000 a year.

When it comes to net worth, Americans want to be millionaires.

Gallup found that the median amount of savings, real estate holdings and other investments Americans would want to have in the bank in order to feel rich was $1 million.

The Gallup survey of about 1,000 people was conducted a couple weeks ago.

Related:

When it comes to income, what percent are you?

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