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As rich residents seek out Austin, the wealth management industry sees a boom

(Pexels)

Wealth is flooding into Austin, and residents are looking for help managing their finances for a variety of lifestyle uses like health, education, elderly care and more.

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Flush with cash? Study shows it takes an income of $145K to be 'rich' in Austin

Those who make $145k or more can be considered 'rich' in Austin, according to a Banking Rates study. (CC)

Make $145,000 or more in Austin?

Your bank statement may pale in comparison to fellow Austinites Elon Musk or billionaire Robert F. Smith, but anyone with that or more on their yearly salary checks can now classify themselves as wealthy alongside the elite, according to a recent study by finance media site Banking Rates.

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