MYNORTHWEST NEWS

How much money do you need to be wealthy in Seattle?

Feb 2, 2019, 6:42 AM | Updated: 6:47 am

Seattle wealthy...

(Pexels)

(Pexels)

Wealth can often be relative depending on where you live in the United States. A $500,000 house looks a whole lot different in a city like Detroit than it does in Seattle, where your dollar won’t take you nearly as far.

RELATED: Seattle elite top list of world’s richest people
RELATED: Seattle is a ‘playground for the rich’ says Sawant

Where exactly does Seattle rank, though? A recent list from SmartAdvisor found that out, ranking on a scale based on income needed to be in the top 20 percent of households

Of the top 10 incomes in cities needed to be considered wealthy, Seattle ranked 8th. You would need to earn at least $172,235 to qualify. Ranking just ahead of the Emerald City was Scottsdale at $179,461. Unsurprisingly, San Francisco topped the list at $231,347.

“Even the wealthiest in Seattle have to make some tough decisions about their finances,” the list laid out. “Homes here are expensive: Census Bureau pegs the median home value in Seattle at more than $673,000. On the plus side, though, being rich in Seattle means access to some of the best coffee and beer in the country.”

As home to the likes of super-billionaires Jeff Bezos and Bill Gates, the city’s upper echelon of wealth is clearly one that’s tough to crack.

SmartAdvisor also ranked the cities requiring the least income to be wealthy, topped by Detroit at $61,768, following by Cleveland at $64,188.

You can read the full list here.

MyNorthwest News

Pierce County man sentenced child sex crimes...

Regan Gallo-Fenz

Pierce County man sentenced to 15 years in federal prison for child sex crimes

A Pierce County man has been sentenced to 15 years in federal prison after attempting to arrange the sexual abuse of children and producing child sexual abuse material, federal prosecutors announced.

9 hours ago

home listings...

Frank Lenzi

Home listings jump more than 25%: Is it a buyer’s market?

If you’re thinking about buying a house, now might be a good time: Home listings have risen, and pending sales have declined.

20 hours ago

Grays Harbor...

KIRO 7 News Staff

Grays Harbor deputies seek information about deadly hit-and-run near Satsop

The Grays Harbor County Sheriff’s Office is asking for the public’s help after a 53-year-old man was found dead along a road near Satsop last week.

20 hours ago

first responders...

Luke Duecy

Renton firefighter shot while responding to call highlights dangers facing first responders

A Renton firefighter was shot. The shooting is another example of the dangers first responders face while trying to help people in crisis.

21 hours ago

Macklemore (3)...

Julia Dallas

Macklemore says Climate Pledge Arena among venues that rejected his ‘Free Palestine Tour’

Macklemore said several venues, including Climate Pledge Arena, have rejected his efforts to bring his “Free Palestine Tour” to the U.S.

22 hours ago

work week...

Deedee Sun, KIRO 7 News

Tumwater to launch four-day work week in 2027

Some Tumwater city employees will soon be working a four-day week as part of a new plan the city hopes will improve the workplace.

23 hours ago

How much money do you need to be wealthy in Seattle?