Sunday, October 1, 2023

How much money does it take to live comfortably in the United States and become rich?

One of the most well-known desires in terms of enjoying prosperity and well-being is the so-called ‘American dream’. The United States is a country where Latinos travel to have a better future and for their income to meet their needs.

In recent years, the emigration of the Colombian population to the United States has increased significantly. Based on the Migration Policy Institute (MPI), since 2018 the number of migrants has increased, mainly due to the situation of armed conflict and economic challenges in the country.

In 2021, approximately 855 thousand Colombian immigrants in the United States live in the territory, which represents 2% of the total immigrant population of the North American country and is the country with the largest number of count Simply put, every four South American immigrants in that country come from Colombia.

As mentioned above, one of the main reasons for coming to the United States is to improve the economic situation. In that range of ideas, the imagination of living financially stable abroad is a dream for many people. From the savings to the work effort they have; These are the reasons why Colombians want to live peacefully in the United States and live without problems; something not conceived in Colombia.

At this point, the company Visual Capitalist presents the report ‘How much does it take to be rich in the United States?’, in which they reveal how much it takes to be classified as a rich economy in the North American country and also to achieve ot the financial stability.

Using figures from the 2023 Modern Wealth Survey, experts have compiled a list of the top cities, where they show the amount of assets needed to become wealthy for each and what it takes to have assets. which will save the needs.

Below the average there is only one city, which is Houston (Texas), where the net worth that can be rich is 2.1 million dollars, while the net worth that is financially comfortable is 606,000 dollars.

There are five cities that are close to the average. On the one hand, in Dallas (Texas), Chicago (Illinois) and Atlanta (Georgia), it takes $2.3 million to become wealthy and $729,000 to $820,000 to be financially comfortable.

The ranking continues in the following cities:

  • Phoenix (Arizona): 2.4 million (became rich) – 653,000 (financially stable).
  • Denver (Colorado): 2.5 million (became wealthy) – 710,000 (financially stable).
  • Boston (Massachusetts): 2.9 million (became wealthy) – 932,000 (financially stable).
  • Washington DC: 3 million (become rich) – 1 million (financially stable).
  • Seattle (Washington): 3.1 million (became rich) – 1 million (financially stable).

New York started the podium in third position. To be classified as rich you need 3.3 million dollars, but to have stability at the general level you need 1.2 million. The second box is shared by two cities, Los Angeles and San Diego.

If you want to be rich in these cities, you must have a net worth of 3.5 million dollars, while the stability can be reached at 1.5 million. Finally, the leader of the podium is San Francisca, which has a significant difference from the others, because the rich heritage is 4.7 million. However, the strength is the same as the second-place cities, which require 1.7 million.

Nation World News Desk
Nation World News Desk
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