What does it mean to be “rich?” Does it mean an ability to afford basic needs like a home, clothing, and food? Is it an arbitrary earning rate, like $100,000 per year or $1 million per year? Is richness measured by how much money you have in the bank? While there may not be a clear answer to what makes someone rich, many people do try to categorize us by earnings, assets, and other measures.
One common way to look at your wealth is to compare yourself to others. That often comes in the form of “keeping up with the Joneses,” or feeling bad if you can’t. Some studies showed the average income in some of America’s biggest cities, and where the top and bottom incomes are found in the United States.