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Money can buy happiness, according to Americans.

A new survey called the "American Dream Poll," conducted by CNN Money revealed that most of the 1,000 respondents said they'd be "happy" if they earned had an annual income that was just under $100,000.

However, $30,000 per year is enough to buy happiness for 10 percent of respondents, and 6 percent believed that "money can't buy happiness".

They survey revealed that one in four respondents said they'd be happy with an annual income of between $50,000 to $75,000 a year, according to the Daily Mail.

The poll also found that most respondents would call themselves "rich" if they earned between $100,000 to $200,000 a year. However, 11 percent believed that they would need to earn over $1 million a year to be "rich".