Amish households that rely on farming typically earn between $50,000 to $65,000 annually. Business owners can earn $100,000 or more. There are also Amish millionaires, but it’s hard to spot them as they keep a low profile.
Amish individuals who own large tracts of land are millionaires on paper. However, they never sell this land because it’s crucial for their way of life. As a result, they don’t have readily available cash or assets they can easily convert into money.
The Amish see money differently, valuing necessities over luxuries and emphasizing hard work. Their businesses thrive with a success rate of about 95% compared to 50% for non-Amish American businesses, partly due to their strong work ethic and community help.
They are known to be excellent savers, often able to make substantial down payments for properties due to their saving habits.
The Amish run diverse businesses like farming, woodworking, and construction.
These businesses are often family-run and integrated into their daily lives. Many Amish are also involved in farming, which remains a significant source of income, along with at-home shops selling handmade products and services.
The Amish avoid debt, living within their means. Their tech-free lifestyle lowers living costs, and growing their own food and bulk buying further saves money.
They support each other during tough times, lessening the need for outside financial aid.
Long Story Short
In short, while not ‘rich’ by modern standards, the Amish’s lifestyle choices, strong community bonds, and smart money management keep them economically stable and self-reliant.