In Texas, it takes so much money to be “rich”
Household incomes vary across the United States and the purchasing power of a dollar will depend on a number of local factors such as housing, health care and other expenses related to the cost of living. . A recent report highlights the highest average income levels in a number of major US cities, including several areas in Texas. It turns out that what it means to be “rich” varies widely across the Lone Star State.
A recent GoBankingT rate report used data from the US Census American Community Survey to determine the highest and lowest income cities in the country. The data also highlights the highest average incomes in these areas to highlight “how much it takes to be considered rich, or in the top 20%,” the report says.