![]() ![]() (Here is a look at the 18 states where Americans make the least money.)Ĭlick here to see the income it takes to be middle class in every state.Ĭlick here to read our detailed methodology. Still, most households with earnings within these ranges comprise the core of the middle class in each state.ĭepending on the state, the lower limit of what is considered middle class, or middle income, ranges from about $48,000 up to $61,000 annually, while the upper limit ranges from about $76,000 to $97,500. ![]() In 2021, economic growth rebounded, led by tourist-related activities and investments, bringing Belize back to its prior classification as an upper-middle-income country. More broadly defined, many members of the middle class may have incomes that fall slightly outside of the ranges presented on this list. The economy of Belize was severely affected by the COVID-19 pandemic in 2020 and moved to the lower-middle-income group. ![]() For each state, we list the range of household incomes for the middle income bracket by adjusting the national middle quintile to each state’s cost of living. identified the income it takes to be considered middle class in every state by looking at the middle quintile – or middle 20% – of earners. Census Bureau’s 2021 American Community Survey, 24/7 Wall St. Using household income data from the U.S. In contrast, income – while perhaps a less comprehensive measure – is a more quantifiable and definitive indicator of middle class status. While these benchmarks can be useful in determining middle class status, they are not necessarily hard and fast rules – and such broad guidelines become less useful across large populations. (Here is a look at 20 cities where the middle class can no longer afford housing.) However, for larger expenses, like buying a house, a car, or a college education, middle class households generally rely on loans. B roadly speaking, mid dle cl ass households typically have some disposable income for some luxuries like vacations and eating at restaurants and are able to put away money for savings and retirement. In relative terms, the American middle class is a group that lies between the working class and the upper class on the socioeconomic spec trum. Yet, a strict definition of what exactly it means to be middle class is somewhat elusive. economy and an engine of economic growth. Yet, a strict definition of what exactly it means to be “middle class” is somewhat elusive. The middle class has long been the backbone of the U.S. The middle class has long been the backbon e of the U. ![]()
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