Here's what you need to earn to be in the top 1 percent in the 11 most expensive US cities

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The Top 10 Most Expensive US Cities to Live In

In March, the Economist Intelligence Unit (EIU) came out with an updated "Worldwide Cost of Living" report, which highlights the most expensive cities to live in across the globe.

The bi-annual report compares over 400 individual prices across 160 products and services, including food, drink, clothing, household supplies, utility bills, private schools, and recreational costs. All cities are compared with a base city of New York, which has a cost of living index set at 100.

One factor the EIU chooses not to use when creating the cost of living index for each city is accommodation. Roxana Slavcheva, a Cities Economist at EIU, explained to Business Insider: "We supply prices of rented accommodation for reference, but consider that to be a separate and relatively subjective item to price since choice in apartments and houses is dictated by taste, income, and family size."

We decided to see what it takes to become one of the wealthiest of the wealthy in the priciest US cities.

Using an interactive tool from The New York Times, we gathered the annual household income required to be in the top 1% (and top 5%, for comparison) of earners in the 11 most expensive US cities.

Note that we did not include Honolulu, Hawaii — which tied as the ninth most expensive US city — due to insufficient data.

How do you stack up?

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What you need to earn to be in top 1% / 5% of major cities (BI)
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Here's what you need to earn to be in the top 1 percent in the 11 most expensive US cities

Boston

12th most expensive city in the US.

Income required to be in the:

Top 1%: $529,343

Top 5%: $260,286

(Photo via Getty Images)

Miami

11th most expensive city in the US.

Income required to be in the:

Top 1%: $408,153

Top 5%: $180,005

(Photo via Shutterstock)

Pittsburgh

Ninth most expensive city in the US (tied with Honolulu).

Income required to be in the:

Top 1%: $393,600

Top 5%: $169,841

(Photo via Getty Images)

Seattle

Eighth most expensive city in the US.

Income required to be in the:

Top 1%: $408,153

Top 5%: $225,000

(Photo via Getty Images)

San Francisco

Seventh most expensive city in the US.

Income required to be in the:

Top 1%: $558,046

Top 5%: $349,693

(Photo via Getty Images)

Houston

Sixth most expensive city in the US.

Income required to be in the:

Top 1%: $423,345

Top 5%: $216,189

(Photo by Royce Bair via Getty Images)

Washington, DC

Fifth most expensive city in the US.

Income required to be in the:

Top 1%: $513,000

Top 5%: $278,516

(Photo by Sean Pavone via Getty Images)

Minneapolis

Fourth most expensive city in the US.

Income required to be in the:

Top 1%: $428,000

Top 5%: $207,925

(Photo via Getty Images)

Chicago

Third most expensive city in the US.

Income required to be in the:

Top 1%: $479,844

Top 5%: $218,557

(Photo via Getty Images)

Los Angeles

Second most expensive city in the US.

Income required to be in the:

Top 1%: $466,895

Top 5%: $218,018

(Photo by Marianna Massey via Getty Images)

New York City

Most expensive city in the US.

Income required to be in the:

Top 1%: $608,584

Top 5%: $247,596

(Photo via Getty Images)
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SEE ALSO: Here's how much it costs for a family to live in 20 major US cities

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