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Fortune
Fortune
Jessica Coacci

The exact amount of money you need to earn to be among New York's ultra-wealthy club has been revealed—and it's 7x the average wage

Man walking to car in city (Credit: blackCAT-Getty Images)

If you’re trying to make it in one of the world’s biggest cities, you may be facing two financial realities: those who are able to build wealth, and those who are just getting by. 

In New York, the divisive nature of those two economies couldn’t be more evident. A new analysis by GoBankingRates has just revealed that to make it to the city’s top five percent, households need to bring in $619,178 annually,

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