what is the middle class income
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The Average Yearly Income for a Middle Class Family Middle Class Income for a Family. The annual average income for a middle class family of four is approximately $70, 354. This is based on a 2006 report by the U.S. Census for a family of four. This figure is in the middle of the range of incomes for this section of the population. The median income during this time for all households was $48,561.
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Lower, Middle and Upper Class Income Levels The lower middle class consists of mostly blue-collar workers who make just enough to distinguish themselves from the poor or lower class. The average income for lower middle-class households is $29,204 as of September 2012, compared with the lower-class average of $23,550 for a family of four.
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What Salary Is Considered Middle Class? In general, the cost of living in the Midwest is the lowest, and a typical middle class lifestyle requires about $60,000 a year. In the South and West, $70,000 is needed. An ordinary middle class lifestyle in the East requires about $85,000 annually. Community expectations differ, as well.
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- Middle Quintile. One particularly narrow definition limits the middle class to households in the middle quintile for income – that is, those who make more than the poorest 40% of Americans and less than the richest 40%. That definition would put the income range for the middle class between $41,187 and $68,212.
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Definitions Of A Middle Class Income: Do You Consider Yourself Middle Class? Financial Samurai Definition Of Middle Class: If you make within +/- 50% of your city’s household income for your age, you are middle class. For example, the average household income in San Francisco is ~$80,000.inancial Samurai Definition Of Middle Class: If you make within +/- 50% of your city’s household income for your age, you are middle class. For example, the average household income in San Francisco is ~$80,000.
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Only 6% of Americans who make over $100,000 say they're upper class Pew Research Center. While a family of three with an income of up to $122,000 is still considered middle income, the over-$100,000 range also includes families with much higher salaries than that.
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Middle class a matter of income, attitude Middle class a matter of income, attitude. CINCINNATI -- Strictly speaking, the median, or middle, household income in the United States today is $50,054. That's easy. The hard part is figuring out how far above or below the middle someone's income can go and still be considered middle class. 2008 Pew poll found that 40% of Americans with incomes below $20,000 – roughly equivalent to the poverty line – described themselves as middle class. And about one-third with incomes above $150,000 said they're middle class, too.
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Single, Middle Class And Getting By Middle income to me, here [around Washington, D.C.], would be $80,000 or $90,000 a year. That's what I think a person would probably have to make in order to live comfortably, especially if you have a family and other people to take care of.. In fact, this region's median income is closer to that.
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Definitions Of A Middle Class Income: Do You Consider Yourself Middle Class? definitions of a middle class income Standard Definition: $25,000-$100,000 a year is what most would consider as a middle class income. The $75,000 spread accounts for the wide cost of living differential between places like New York City and Fargo, North Dakota.
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middle-class middle class. noun. 1. a class of people intermediate between the classes of higher and lower social rank or standing; the social, economic, cultural class, having approximately average status, income, education, tastes, and the like.
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What Is an Average Middle Class Salary Range? The PewResearch Center suggests that the middle income range is 75 percent to 150 percent of the median income. This would make the middle class income range $37,675 to $75,350. To most, this range seems small, and surveys conducted by the PewResearch Center find that many who fall outside this range still consider themselves middle class.
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What Is Considered Middle Class in America? â Definition, Income Range & Jobs He suggests defining the middle class as everyone with incomes 50% lower to 50% higher than the median – that is, between 50% and 150% of the median income. Under this rule, a middle-class household could make anywhere from $26,829 to $80,485.
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American middle class The notion that the middle class is shrinking is controversial because the economic boundaries that define the middle class vary. Households that earn between $25,000 and $75,000 represent approximately the middle half of the income distribution tables provided by the U.S. Census Bureau. Over the past two decades, the number of households in those brackets decreased by 3.9%, from 48.2% to 44.3%.
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What It Means to Be Middle Class Today That isn't so surprising, of course. Everything changes. One hundred years ago, you were considered middle class if you made $577 a year, according to TheCostofLiving.com. Today, many people make that much in a week.obert Reich, a professor of Public Policy at the University of California-Berkeley and former Secretary of Labor, has suggested the middle class be defined as households making 50 percent higher and lower than the median, which would mean the average middle class annual income is $25,500 to $76,500.
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What Is an Average Middle Class Salary Range? More Than Income. Surveys conducted by the PewResearch Center confirm that salary, or income, range is not the only determining factor of what class a person considers himself. Four out of 10 Americans with incomes below $20,000 classify themselves as middle class.n 2007, the middle quintile reported an income range of $36,000 to $57,660. Many economists and politicians alike believe this range is too narrow to encompass the true middle class of America.
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By the Numbers: The Incredibly Shrinking American Middle Class The income range to be considered middle class:$25,500 – $76,500. The median middle class household income in 2012: $51,017. and in 1989: $51,681. Year inflation-adjusted median household income peaked at $56,080: 1999. Income needed in a two parent, two child home in St. Louis for an adequate living standard: $64,673. and in New York City: $94,676.
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Are YOU middle class? How much you have to earn to qualify in each state Crunching the numbers, a new study by Pew Charitable Trusts has revealed the exact salary you need to qualify in each state. Maryland's middle class is the highest paid in the country, with an average income of $72,483. Alaska is second with $72,237, followed by New Jersey with $70,165. The top five is completed by Hawaii and the District of Columbia, where middle class citizens are paid an average higher than $67,500. With an average income of $37,963, Mississippi's middle class is the lowest paid in the country. It is followed by Arkansas with $40,511, West Virginia with $41,253, Alabama with $42,849, and Kentucky with $43,399. New York-home to the financial capital of the United States, New York City-falls 17th in the table.
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What is Considered a Middle Class Income? 1 In 2010, the Census Bureau reports that the median income in the United States was $49,445, so if you go a little lower or higher, you get a middle class range of between about $30,000 and $70,000 a year. 2  Tax Policies: Of course, if you look at tax policies, the middle class grows substantially. For many tax policies, the cutoff often discussed is $250,000 (even though the fiscal cliff deal used $400,000 as the point for higher taxes), suggesting that some think that you can be considered to have a middle class income as long as you make less than $250,000 a year.
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- Story Highlights. 1  Middle class is America's favorite socioeconomic group. 2  The median, or middle, household income in the United States today is $50,054. 3  Popular vision of middle class is rooted in 1950s, when a generation found solid jobs, bought houses in the suburbs and took modest family vacations.
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What is Considered a Middle Class Income? 1 Income Range: There are some economists who say that anyone who makes between $25,000 and $100,000 a year is middle class. That might be surprising to some, though.  Median Income: Others take a look at the median annual income, and then go $20,000 to either side.
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What It Means to Be Middle Class Today Being middle class isn't what it used to be. That isn't so surprising, of course. Everything changes. One hundred years ago, you were considered middle class if you made $577 a year, according to TheCostofLiving.com. Today, many people make that much in a week. At least, according to the Bureau of Labor Statistics, the median weekly earnings of full-time workers for the first quarter of 2014 were $796.
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Middle Class Salary - Average Middle Class Income Middle Class Average Income Range: $36,000 – $57,657. On a narrow view, a middle class family is said to have a mean average household income of $46,829 on a yearly basis. The numbers reflected on the 2010 Census showed that middle class average yearly income range from $36,000 – $57,657.
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Are you in the American middle class? Find out with our income calculator Your size-adjusted household income and the cost of living in your area are the factors we use to determine your income tier. Middle-income households – those with an income that is two-thirds to double the U.S. median household income – had incomes ranging from about $42,000 to $125,000 in 2014.
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American middle class As social classes lack clear boundaries and overlap there are no definite income thresholds as for what is considered middle class. Sociologist Leonard Beeghley identifies a male making $57,000 and a female making $40,000 with a combined households income of $97,000 as a typical middle-class family.
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What Is Considered Middle Class in America? â Definition, Income Range & Jobs One particularly narrow definition limits the middle class to households in the middle quintile for income – that is, those who make more than the poorest 40% of Americans and less than the richest 40%. That definition would put the income range for the middle class between $41,187 and $68,212. Middle Three Quintiles.
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How much you have to earn to be considered middle class in every US state Middle class is a tricky concept. Depending on where you live, you can feel middle class earning as much as $250,000 a year — about five times the US median income of $52,250 from the same time period. In this analysis, Pew defined middle class households as those earning 67%-200% of a state's median income.So ...epending on where you live, you can feel middle class earning as much as $250,000 a year — about five times the US median income of $52,250 from the same time period. In this analysis, Pew defined middle class households as those earning 67%-200% of a state's median income. So ...