How Much Money Makes You Rich

From a strictly financial perspective, do you consider yourself a rich or wealthy person? If you're having trouble coming up with an answer, don't worry—it's a more complex question than you might think. Unless you are a multi-millionaire with more cash than you can count, you may be considered rich and not even know it. What's more, the bar changes depending on where you live. At least that's what a new report from GOBankingRates hints at. Using the latest data from the U.S. Census Bureau's American Community Survey, the financial site calculated the minimum annual income you need to be considered among the top five percent of moneymakers where you live. Read on to discover how much money you need to make every year to be considered rich in your state.

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city skyline of birmingham, alabama — Von Sean Pavone / Shutterstock

Income needed to be in the top five percent: $189,695

cityscape photo of mountains, buildings, and a river in Anchorage, Alaska — Shutterstock

Income needed to be in the top five percent: $242,208

Income needed to be in the top five percent: $220,936

Overlook of the town of Fayetteville, Arkansas with the University of Arkansas — iStock

Income needed to be in the top five percent: $176,997

walkway pier, palm trees, oceanside, california — Jon Bilous / Shutterstock

Income needed to be in the top five percent: $250,000

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landscape photo of Cottonwood Pass, Colorado in the afternoon — Shutterstock

Income needed to be in the top five percent: $250,000

Fair Haven is a neighborhood in the eastern part of the city of New Haven, Connecticut, between the Mill and Quinnipiac rivers. — iStock

Income needed to be in the top five percent: $250,000

the Christina River and Brandywine Creek in downtown Wilmington, Delaware — iStock

Income needed to be in the top five percent: $235,059

Income needed to be in the top five percent: $226,319

RELATED: This Is How Much Money People Your Age Make on Average, Data Shows.

historic district, savannah, Georgia, skyline — f11photo / Shutterstock

Income needed to be in the top five percent: $233,979

An aerial shot of downtown Honolulu, Hawaii from the water looking inland. — iStock

Income needed to be in the top five percent: $250,000

cityscape photo of downtown Bosie, Idaho — Shutterstock

Income needed to be in the top five percent: $199,218

Income needed to be in the top five percent: $250,000

Landscape photo of Brown County State Park, Indiana — Shutterstock

Income needed to be in the top five percent: $194,407

Income needed to be in the top five percent: $199,328

field of wheat in central Kansas is nearly ready for harvest. — iStock

Income needed to be in the top five percent: $211,256

farm house in kentucky, grass — anthony heflin / Shutterstock

Income needed to be in the top five percent: $185,241

boat docked in the channel next to tress in New Orleans, Louisiana — iStock

Income needed to be in the top five percent: $199,417

acadia national park maine state natural wonders — Shutterstock

Income needed to be in the top five percent: $202,639

chesapeake bay in annapolis maryland — Shutterstock

Income needed to be in the top five percent: $250,000

Income needed to be in the top five percent: $250,000

Sault Ste. Marie, Michigan — Shutterstock

Income needed to be in the top five percent: $209,099

Income needed to be in the top five percent: $244,552

Income needed to be in the top five percent: $172,337

Income needed to be in the top five percent: $201,541

View from mountain in montana — Shutterstock

Income needed to be in the top five percent: $187,867

Income needed to be in the top five percent: $203,793

hotels and casinos in las vegas, nevada — Sean Pavone / Shutterstock

Income needed to be in the top five percent: $221,626

Lake Sunapee is located within Sullivan County and Merrimack County in western New Hampshire, the United States. It is the fifth-largest lake located entirely in New Hampshire. — DenisTangneyJr / iStock

Income needed to be in the top five percent: $250,000

Income needed to be in the top five percent: $250,000

Income needed to be in the top five percent: $192,480

Income needed to be in the top five percent: $250,000

north carolina, outerbanks, lighthouse — MarkVanDykePhotography / Shutterstock

Income needed to be in the top five percent: $213,009

cityscape photo Fargo, North Dakota in the afternoon — Shutterstock

Income needed to be in the top five percent: $220,611

Riverscape Park in Dayton, Ohio in autumn — Shutterstock

Income needed to be in the top five percent: $204,940

Income needed to be in the top five percent: $194,523

Income needed to be in the top five percent: $229,747

a road in jim thorpe pennsylvania — Shutterstock

Income needed to be in the top five percent: $233,467

newport is a city in Newport County, Rhode Island, United States, about 30 miles south of Providence. Newport, also known as The City by the Sea, has been one of America's premier vacation destinations. Newport has more historic structures from the eighteenth century than any other city in America. — iStock

Income needed to be in the top five percent: $235,524

charleston south carolina from above — Shutterstock

Income needed to be in the top five percent: $204,826

Income needed to be in the top five percent: $190,156

Gatlinburg Tennessee Tourist Traps That Locals Hate — Shutterstock

Income needed to be in the top five percent: $205,063

cityscape photo of San Antonio, Texas at dusk — Shutterstock

Income needed to be in the top five percent: $241,212

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main street park city utah with beautiful mountain view — Shutterstock

Income needed to be in the top five percent: $235,835

burlington vermont from the waterfront — Shutterstock

Income needed to be in the top five percent: $212,823

landscape photo of Buchanan, Virginia — Shutterstock

Income needed to be in the top five percent: $250,000

the Columbia River Renaissance Trail and house in Vancouver, Washington — iStock

Income needed to be in the top five percent: $250,000

high street harpers ferry west virginia — Shutterstock

Income needed to be in the top five percent: $171,816

Green Bay is a city in and the county seat of Brown County in the U.S. state of Wisconsin, at the head of Green Bay, a sub-basin of Lake Michigan — iStock

Income needed to be in the top five percent: $202,582

Jackson Hole, Wyoming in the summer — iStock

Income needed to be in the top five percent: $199,944

RELATED: This Is How Much Money People Your Age Have on Average, Data Shows.