According to a recent report, well over $1 million. In fact, the average net worth it takes to be considered financially comfortable in San Francisco hit $1.7 million this year, up from $1.3 million in 2021, according to Charles Schwab’s 2022 Modern Wealth Survey.

And to be considered rich in San Francisco, the Tanners would have to save up significantly more: The average net worth needed to be considered “wealthy” in the Golden City topped $5.1 million. The average net worth of all U.S. households, on the other hand, was $748,800 in 2019, according to the most recent Survey of Consumer Finances by the Federal Reserve. The median net worth for U.S. households was $121,700.

Schwab’s report looks at the factors that affect Americans’ views on saving, spending, investing, and wealth in 12 major metropolitan areas around the country. 

San Franciscans reported needing the most money to be financially comfortable and wealthy. Meanwhile, the national average to be considered comfortable was $774,000, while the national average to be considered rich was $2.2 million, per Schwab’s report.

Here’s what it takes to be considered wealthy in 12 major metropolitan areas in 2022.

1. Atlanta

• Average net worth it takes to be wealthy: $2.5 million
• Average net worth it takes to be financially comfortable: $771,000

2. Boston

• Average net worth it takes to be wealthy: $2.7 million
• Average net worth it takes to be financially comfortable: $892,000

3. Chicago

• Average net worth it takes to be wealthy: $2.5 million
• Average net worth it takes to be financially comfortable: $956,000

4. Dallas

• Average net worth it takes to be wealthy: $2.6 million
• Average net worth it takes to be financially comfortable: $840,000

5. Denver

• Average net worth it takes to be wealthy: $2.3 million
• Average net worth it takes to be financially comfortable: $671,000

6. Houston

• Average net worth it takes to be wealthy: $2.6 million
• Average net worth it takes to be financially comfortable: $919,000

7. New York

• Average net worth it takes to be wealthy: $3.4 million
• Average net worth it takes to be financially comfortable: $1.4 million

8. Phoenix

• Average net worth it takes to be wealthy: $2.7 million
• Average net worth it takes to be financially comfortable: $747,000

9. San Francisco

• Average net worth it takes to be wealthy: $5.1 million
• Average net worth it takes to be financially comfortable: $1.7 million

10. Seattle

• Average net worth it takes to be wealthy: $3.2 million
• Average net worth it takes to be financially comfortable: $1.2 million

11. Southern California

• Average net worth it takes to be wealthy: $3.9 million
• Average net worth it takes to be financially comfortable: $1.3 million

12. Washington D.C. 

• Average net worth it takes to be wealthy: $3.3 million
• Average net worth it takes to be financially comfortable: $1.1 million