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Letter #11 David Gagliano Butler, Bric From:bbutler@carmel.in.gov To:Zoccola, Christine Subject:RE: Housing Task Force From: david gagliano <dave.a.gagliano@gmail.com> Sent: Monday, April 29, 2024 8:29 AM To: Zoccola, Christine <czoccola@carmel.in.gov> Cc: Finkam, Sue <sfinkam@carmel.in.gov> Subject: Recent Survey -- What's Considered Rich By State Good morning, Hope you had a nice weekend. This article was mentioned on today’s news so I pulled it up. It lists what you need to earn by state in order to be considered “rich” and probably “very rich” (i.e., Top 20%; Top 5%). Indiana is not ranked very high but the numbers make it appear that if one doesn’t have much money saved, even the Top 20% figure could make home ownership tricky in Carmel. Hope you find the information useful as it relates to the Housing Task Force work you are doing…. https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.nasdaq.com%2Farticles%2Fheres- how-much-you-need-to-earn-to-be-rich-in-every- state&data=05%7C02%7Cczoccola%40carmel.in.gov%7C7b4b23d9c2d9459a555408dc68506e4d%7C29565137 14ea4fb1b008e8c62d90aa44%7C0%7C0%7C638499941885469134%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiM C4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=kjMwMMXEmDR z1anYEOisY5SyWicjT1Vv0OLZTau8KTs%3D&reserved=0 https://gcc02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.cnbc.com%2F2024%2F04%2F26% 2Fthe-salary-it-takes-to-be-considered-rich-in-every- state.html&data=05%7C02%7Cczoccola%40carmel.in.gov%7C7b4b23d9c2d9459a555408dc68506e4d%7C2956 513714ea4fb1b008e8c62d90aa44%7C0%7C0%7C638499941885477049%7CUnknown%7CTWFpbGZsb3d8eyJW IjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=XJJuXVBzOF EVVAyhW3eI%2Fdd8MxEfhArG8eqrQIz5GYk%3D&reserved=0 1