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The least populous of the compared places has a population of 383 899.
Household income of 200k. A household earning 200k annually is in the top 6 or so of households in the us. But a household income of 245 000 is just over 3 times that value. Are people who make 200k middle class. By us standards that puts you in the upper part of the income distribution but certainly not among the rich.
200 000 is a comfortable household income but i don t think it can qualify as rich. There are some ex. Or the very very unusual is there any real escape from the pressure cooker of american household finances. Without any income.
Now it may be middle of the pack in your circle of friends and family which can distort your perception of things but it is not middle class. Even in very hcol locations it is not middle class. Household income by place in the united states there are 29 322 places in the united states. As a result i d like to delve into analyzing how a typical 200 000 a year household spends their income.
The reality is that median household income the 50th percentile in the boston metro area is 78 800. In most places probably. But although bringing in that much puts you in the upper class it doesn t. Such a guy isn t bruce wayne rich but in most places he ll be able to live in moderate luxury with little if any anxiety about his financial future assuming he continues to earn 200k year that is.
Obviously there is a range around that value that encompasses middle class in the area. That income is not middle anything. 200k household income puts you in the top 3 of households in the richest country in the world. That is the middle income so that is middle class by definition.
An annual household income of 200 000 is nearly four times as much as the median annual income in the united states. This section compares the 50 most populous of those to each other and the united states. While i don t completely agree with them they don t answer your question namely what price home can you afford. 200k family income is typical in my circles.
Let s look first at what you qualify for then at what y.
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