How rich you feel can vary based where you live. In San Francisco, you need a net worth of at least $4.7 million to feel wealthy.
Net worth is a measure of the value of the assets a person or corporation owns, minus the liabilities they owe.
Despite these lofty numbers, 48% of Americans say they feel wealthy. However, of those that do, their average net worth is $560,000., rather than net worth. Wealth is also a subjective term. Nearly two thirds of survey respondents say enjoying relationships with loved ones better describes what wealth means to them, rather than having a lot of money. And nearly 66% of respondents say having time is more important than having money.
The online survey was conducted in March, with a sample of 500 to 750 local residents for each metropolitan area, between the ages of 21 and 75.
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