# What annual income should be considered "Rich"?

**URL:** <https://boards.straightdope.com/t/what-annual-income-should-be-considered-rich/461115>\
**Category:** In My Humble Opinion\
**Created:** [August 24, 2008, 6:07pm UTC](https://boards.straightdope.com/t/what-annual-income-should-be-considered-rich/461115 "2008-08-24T18:07:55Z")\
**Posts on this page:** 1\
**Page:** 3

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**Author:** ![msmith537](https://avatars.discourse-cdn.com/v4/letter/m/d9b06d/32.png) [@msmith537](https://boards.straightdope.com/u/msmith537)\
**Post date:** [August 26, 2008, 5:40pm UTC](https://boards.straightdope.com/t/what-annual-income-should-be-considered-rich/461115/41 "2008-08-26T17:40:00Z")

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For what purpose are we defining “rich”? Are we talking about belonging to the upper classes?

Do we mean people in the top 1% income bracket?

Are wea talking about internationally, regionally or locally?  
And is there a difference between being rich in assets and rich in revenue? For example, you could have a house that’s worth $1,000,000 but with no income you can’t even buy a pizza. On the other hand it is very common to see New Yorkers earning several hundred thousand a year and yet have no actual assets as they can only afford rental properties in the city.

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