How much money you need to be considered wealthy across the U.S.—it's over $2 million in most places

To be considered wealthy in the U.S., Americans say you need a net worth of $2.3 million in 2025 — but that number can be even higher depending on where you live.

It’s down from $2.5 million last year, according to Charles Schwab’s latest Modern Wealth Survey, which polled 2,000 adults nationwide between April 24 and May 23.

While the wealth benchmark has decreased, nearly two-thirds of respondents say it feels harder to reach. Inflation, high interest rates and broader economic uncertainty were the most commonly cited reasons.

Here’s how much Americans say you need to be considered wealthy, by region:

You need the highest net worth to be considered rich in Western states, including California, Washington and Colorado.