Simply Stunning– Michelle Obama’s dinner dress cost more than the annual poverty level in the US. Via Twitchy: Stu Burguiere @WorldOfStu Michelle Obama's dress = $12,000. US Poverty Level = $11,490.Last night the Obamas hosted a state dinner for French Socialist leader Francois Hollande. Michelle Obama wore a $12,000 dress – while the rest of America suffers through the worst economic recovery ever.