Money

Here's how much money Americans think you need to be wealthy in 10 major US cities

Jason McCawley | Getty Images

When it comes to defining wealth, there's no clear cut answer.

In fact, according to a 2017 survey from Charles Schwab, Americans are split on what rich means: Some describe wealth as a specific dollar amount and others as a state of mind.

Chart asset: charles schwab definition of wealth

Survey participants were also asked how much money is required to be considered "financially comfortable" and "wealthy" in their cities.

In the notoriously expensive San Francisco Bay Area, locals say you have to have a net worth of over $1 million just to be financially comfortable. To be rich, you need $4.2 million, which is "more than 50 times greater than the actual median net worth of U.S. households," Charles Schwab reports.

Read on to see what residents of other major U.S. cities think it takes to be financially comfortable there and how much it takes to be wealthy.

Charlotte, North Carolina

To be financially comfortable, you need a net worth of $540,000

To be wealthy, you need a net worth of $1.8 million

Charlotte, North Carolina
Anne Rippy | Getty Images
Denver, Colorado

To be financially comfortable, you need a net worth of $540,000

To be wealthy, you need a net worth of $2 million

Denver, Colorado
Bridget Calip | Getty Image
Chicago, Illinois

To be financially comfortable, you need a net worth of $560,000

To be wealthy, you need a net worth of $2 million

Chicago, Illinois
George Rose | Getty Images
Boston, Massachusetts

To be financially comfortable, you need a net worth of $660,000

To be wealthy, you need a net worth of $2.1 million

Boston waterfront
Education Images | UIG | Getty Images
Dallas, Texas

To be financially comfortable, you need a net worth of $670,000

To be wealthy, you need a net worth of $2.1 million

Dallas, Texas.
David Sucsy | Getty Images
Seattle, Washington

To be financially comfortable, you need a net worth of $570,000

To be wealthy, you need a net worth of $2.4 million

Seattle's housing market is experiencing explosive growth as employers boost hiring.
Getty Images
Los Angeles, California

To be financially comfortable, you need a net worth of $830,000

To be wealthy, you need a net worth of $2.6 million

Los Angeles, California
David Sucsy | Getty Images
Washington, D.C.

To be financially comfortable, you need a net worth of $780,000

To be wealthy, you need a net worth of $3 million

Washington, DC
Danita Delimont | Getty Images
New York, New York

To be financially comfortable, you need a net worth of $1.1 million

To be wealthy, you need a net worth of $3.2 million

New York, New York
Dave Kotinsky | Getty Images
San Francisco, California

To be financially comfortable, you need a net worth of $1.1 million

To be wealthy, you need a net worth of $4.2 million

Aerial view of residential area of San Francisco just outside the downtown district.
DianeBentleyRaymond | Getty Images
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Here's how much you have to earn to be in the top 1% in various U.S. states and cities
Jason McCawley | Getty Images
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