Income For Middle Class In California
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Adjusting for the cost of living the bottom threshold of the middle class in one state is as low as 15 165 and as high as 41 532 in another.
Income for middle class in california. The pew research center defines the us middle class as those earning 67 to 200 of the median household income. Middle class americans earned about 40 425 to 120 672 in 2016 according to pew s. Therefore she estimates a middle class income in los angeles county for a. 29 198 143 870 median family income.
14 8 more expensive than than u s. 4 person family middle class income range. 3 person family middle class income range. 2 person family middle class income range.
Both cities economies are heavily dependent on the high paying tech sector which helped drive five year incomes up by 18 8 percent in san jose to 96 662 and up by 22 1 percent in sunnyvale to 118 314. California household income range for middle class. Middle class share of california income. 427 people used more courses view course california s middle class is in decline despite the state.
For over six years california has had a top marginal income tax rate of 13 3 the highest in the nation. 309 people used view all course. An annual income of between two and seven times the california poverty measure is considered middle class ms. 86 165 13th highest middle class share of california income.
Two other california cities make the cut for middle class income growth. 44 8 4th smallest richest 20 share of california income. 6 san jose and no. About 150 000 households in a state of 40 million people now pay nearly half of the total.
Pew research center defines middle class or middle income households as those with incomes that are two thirds to double the 2016 u s.
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