In Massachusetts, the state with the highest median income for millennials, median income is $108,000. Let’s contextualize the lifestyle that a $525,000 income enables. Substituting it as household income still makes the point, which is that $525,000 is a lot of money. A household income of $525,000 generously supports a family living in one of the most expensive cost ... [+] of living areas. However, while an income of $525,000 could be a genuine necessity for some, it’s certainly not needed for most.

Source: Forbes February 20, 2024 09:48 UTC