How Much Money You Need To Be Rich In New Jersey

Most of us don't consider ourselves rich, especially living in New Jersey, but what exactly is considered rich in the Garden State?

The website 24/7 Wall St. took on the task of determining what it takes to be considered rich in each state in the nation, and here's what they say it takes to be rich in the Garden State.

First, let's start by saying this. The website has determined that if you're annual household income is in the top 20% in you're state, then you're considered to be rich. So what amount of money would put you in the top 20% in the Garden State?

This may not come as a surprise to you, but the minimum annual income to be in the top 20% in our state is the highest in the nation at $164,995 household income. That's a lot of money.

Ready to learn more jaw dropping numbers? In order to be among the elite of the rich in New Jersey (top 5%), you would need an annual household income north of $250,000, which ties us for most in the nation as well.

24/7 Wall St. also determined the amount of annual income it would take to be considered middle class in New Jersey, and that's between $28,715 - $141,489. That's certainly a wide range and they say our state's median family income is $101,404 which is the3rd highest in America.

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