Household incomes vary across the U.S. and the buying power of a buck will depend on a number of local factors such as housing, healthcare and other cost of living expenses. A recent report highlights the average top income levels across a number of major U.S. cities, including several areas in Texas. Turns out, what it means to be “rich” varies markedly across the Lone Star State.
A recent GoBankingRates report used U.S. Census American Community Survey data to determine the cities with the highest and lowest incomes in the country. The data also highlights top incomes averages in these areas to highlight “how much it takes to be considered rich, or in the top 20%,” the report said.