How Much Money Makes You Rich in New Jersey?
It takes a lot of money just to live in New Jersey. So how much money would it take for you to be considered rich in the Garden State?
I'm guessing this is going to be a big number, since we all know that it takes so much more money for us just to get by here in New Jersey. What do you think it would take to be rich in a very expensive Garden State?
The website GoBankingRates considers those with income in the top 5% of the state to be rich, and they calculated that number for each state, and the number they came up with for New Jersey is jaw dropping.
How does an annual salary of $475,827 sound to you? You'll take that job, right? Well that's the average annual salary for those New Jersey residents in the top 5%. That is the third highest in the nation.
But you can make less and be considered rich. If you have an annual salary of above $250,000, then congratulations, you are considered rich in New Jersey. The Garden State is one of only 8 states that need at least a $250,000 annual salary to be considered rich.
So, what about the rest of us? I guess we'll just have to drag ourselves off to work to earn enough money to pay the oversized, inflated bills that constantly seem to surround us each day.