What is a rich salary?

The median household income in the US is about $65,000, per the most recent Census Bureau data. To be considered “rich,” a household needs to earn twice that, or a minimum salary of $130,545.

fatherly.com - This Is How Much Money You Need To Be Rich In The 100 Largest Cities

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Have you ever wondered just how much it takes to be “rich” where you live — or somewhere else? Or just how far your salary would get you in different cities? Look no further. SmartAsset, a financial advice website, wanted to find out how much money someone needs to earn to be considered rich in 100 of the largest U.S cities. To do this, they analyzed income distribution in the 100 largest cities in the country and compared that to data from the Census Bureau’s American Community Survey. The median household income in the US is about $65,000, per the most recent Census Bureau data. To be considered “rich,” a household needs to earn twice that, or a minimum salary of $130,545. But you also need to be in the top 20% of earners to be considered rich — and that looks a little different in each city. In other words, $130,545 might not get you very far in New York City. That doesn’t even get into wage inequality and income distributions. SmartAsset found there is a massive difference between what low-earners and high-earners make in 100 of the country’s largest cities — and that in some cities, it takes hundreds of thousands of dollars more a year in earnings to become “rich.” In San Francisco, the difference between the top 20% and bottom 20% of households exceeds $213,000 — meaning the wealthiest earn seven times more than their working-class counterparts. In 36 cities in the United States, the difference between the minimum income threshold for the top earners and the maximum income threshold for the bottom earners exceeds a difference of $100,000, per the site’s analysis. Long story short? It’s very clear that Californian cities have the highest income thresholds to be considered rich. Californian cities make up five out of 10 cities in the United States in which the income threshold you have to meet to be considered rich is the highest.

10 Cities With the Highest Threshold to Be a Top Earner

The first number represents the maximum income threshold to be in the bottom 20% of earners, and the second number represents the minimum income threshold to be in the top 20% of earners. San Francisco, CA: $36,314ꜜ → $250,000ꜛ Fremont, CA: $64,042ꜜ → $250,000ꜛ San Jose, CA: $46,984ꜜ → $22,6098ꜛ Arlington, VA: $55,463ꜜ → $220,946ꜛ Irvine, CA: $40,128ꜜ → $205,415ꜛ Washington, DC: $29,139ꜜ → $198,673ꜛ Seattle, WA: $38,538ꜜ → $197,128ꜛ Scottsdale, AZ: $38,220ꜜ → $187,883ꜛ Plano, TX: $46,288ꜜ → $180,516ꜛ Oakland, CA: $27,279ꜜ → $172,633ꜛ

10 Cities With the Lowest Threshold to Be a Top Earner

In the list below, the first number represents the maximum income threshold to be in the bottom 20% of earners, and the second number represents the minimum income threshold it takes to be in the top 20% of earners. Detroit, MI: $11,012ꜜ → $70,444ꜛ Cleveland, OH: $11,216ꜜ → $70,465ꜛ Toledo, OH: $14,824ꜜ → $78,843ꜛ Hialeah, FL: $15,679ꜜ → $80,436ꜛ Newark, NJ: $12,985ꜜ → $83,386ꜛ Milwaukee, WI: $16,876ꜜ → $86,865ꜛ Buffalo, NY: $13,927ꜜ → $86,930ꜛ Memphis, TN:$16,341ꜜ → $88,187ꜛ Tucson, AZ: $18,719ꜜ → $89,118ꜛ Fort Wayne, IN: $22,927ꜜ → $95,644ꜛ For more data on the rest of the top 100 cities in the U.S. and how much money you need to earn there in order to be “rich,” check out SmartAsset.

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What is the rarest old penny?

If you have heard of only one rare coin, there is a good chance that it is the 1933 penny. For some reason this coin, more than any other, has lodged itself in the public consciousness.

royalmintmuseum.org.uk - 1933 penny - The Royal Mint Museum

1933 penny

If you have heard of only one rare coin, there is a good chance that it is the 1933 penny. For some reason this coin, more than any other, has lodged itself in the public consciousness. Indeed, people have spent a lifetime sifting through their coins in a vain attempt to find one. The banks possessed such large stocks of pennies in 1933 that it was not necessary to strike any more for general circulation. But there was a convention at the time that complete sets of coins of the current year were buried under the foundation stones of new buildings. Consequently three 1933 pennies were struck for buildings erected in that year, along with a small number to be kept as record copies by the British Museum and the Royal Mint Museum. No record was kept at the time of how many pennies dated 1933 were made but it is thought to be no more than six or seven. With no precise record of the number made, and with the coin having been struck to ordinary circulation standard, it seemed possible that one might turn up in everyday use, prompting a generation to search their change for the rare but ultimately elusive penny of 1933. In August 1970 it was discovered that thieves had stolen the set of coins deposited beneath the foundation stone of the Church of St Cross, Middleton, near Leeds. As a result a second set, buried beneath the foundation stone of St Mary’s Church, Hawksworth Wood, Kirkstall, Leeds, was removed on the instructions of the bishop and sold. As far as is known the third set is still in place.

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