The Economic Times

How much money is considered rich in America? $2.3 million may be the benchmark, but where you live changes everything

There is no number that suddenly makes a person rich. Still, Americans have a figure in mind. A 2025 Charles Schwab survey found that people believe an average net worth of $2.3 million is needed to be considered rich. That is a useful glimpse into how Americans view wealth, but it is not a fixed rule. Two households with the same amount of money can have very different financial lives.