The Salary It Takes to Be Considered ‘Rich’ in Maine

According to a recent report, this is the amount of money you need to be bringing in to be considered 'rich' in our Pine Tree State.

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Some people say, 'Money can’t buy you happiness,' and they might have a point. But let’s be honest—money can buy things, and sometimes those things can make us happy.

So, what are the determining factors, and who’s defining the salary it takes to reach that status?

The report by 24/7 Wall St., ‘See the Salary It Takes to Be Rich in All 50 States,’ uses data from the American Community Survey by the U.S. Census Bureau and Forbes to examine income distribution across the United States.

The report identifies the average income of the top 5% earners in each state and highlights the wealthiest individual.

The list is organized by state, ranked from the lowest to the highest average income needed to be among the top earners. This approach gives a snapshot of wealth levels across different regions, offering insights into what it means to be “rich” by state standards.

Given all this, what exactly is the income required in Maine to be considered ‘rich?’

According to 24/7 Wall St. and their report, 'See the Salary It Takes to Be Rich in All 50 States,' the average top 5% income in Maine is $396,205, with Susan Alfond standing as the wealthiest person in the state, estimated at $3.1 billion.

There you have it! According to 24/7 Wall St., in Maine, an income close to $400,000 is what it takes to be considered rich.

What do you think of that number? Is it surprising? We’d love to hear your thoughts! Feel free to join the conversation by messaging us on the app.