How big a salary do you need to be considered rich in Dallas?

DALLAS — With the price of nearly every part going up these final couple of years, a lot of persons are feeling the pinch.

According to ziprecruiter.com, the typical annual salary folks in Dallas made in 2022 was $65,289 — and people paychecks simply do not stretch so far as they used to. While many households battle to pay the payments, desires of getting rich appear out of attain.

In truth, you’d need greater than 4 occasions that $65,000 salary to be considered rich in Dallas, in accordance to a examine by Madison Trust Company.

They got here up with the annual pay wanted to get rich in the 50 largest US cities based mostly on what the highest 20% of residents earn. Housing markets, meals prices, taxes and transportation bills can all play a half in how a lot you need to make in every metropolis.

Dallas is in the highest 20 of the record, coming at No. 19 with a salary of $265,858.

Houston is across the center of the pack and ranked No. 22 with $260,958. 

Austin is the one Texas metropolis ranked in the highest 10 with a get-rich salary of $288,453. 

The solely different Texas metropolis on the record is San Antonio, which checks in at No. 46 with a salary of $220,114.

The metropolis on the prime of the record is San Jose, California the place you’d need to make greater than $500,000 a yr to be rich.

Here’s how the highest 25 cities stacked up: 

1. San Jose: $500,341
2. San Francisco: $442,934
3. Washington, D.C.: 353,350
4. Boston: $353,292
5. Seattle: $346,862
6. New York: $340,209
7. San Diego: $303,546
8. Los Angeles: $302,890
9. Denver: $292,305
10. Austin: $288,453
11. Baltimore: $286,736
12. Chicago: $279,943
13. Philadelphia: $279,362
14. Minneapolis: $275,185
15. Raleigh, NC: $273,011
16. Sacramento: $271,415
17. Atlanta: $267,747
18. Hartford, CT: $267,012
19. Dallas: $265,858
20. Portland: $265,594
21. Nashville: $261,974
22. Houston: $260,958
23. Miami: $258,049
24. Charlotte, NC: $253,175
25. Phoenix: $252,783

“The cost of living varies greatly across the country, and what is considered rich in one city may leave someone else barely scraping by in another,” the examine stated.