Income Of Middle Or Upper Class
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The median income of middle class households was 78 442 in 2016.
Income of middle or upper class. Norm to join the middle class. That means an upper middle class salary in the tennessee might barely qualify for middle class in massachusetts. Some loosely define the middle class through home ownership the median income of homeowners 73 313 is roughly 80 higher than the income of renters. While the median income of the upper class increased 9 between 2010 and 2016 the median income of the middle and lower classes increased by about 6 over the same period.
For a single person upper class means an annual income of 72 126 or more but that amount will not enable that individual to buy a typical new york city or san francisco home. These numbers are in 2016 dollars and scaled to reflect a three person household. Middle class is defined here for the us as those adults with a net wealth of between us 50 000 and us 500 000 in mid 2015. But a household in the san francisco area needs a reported income of about 63 800 or 31 6 more than the u s.
The numbers below reflect the middle upper and lower share of all adults by country by net wealth not income. Thus to step over the national middle class threshold of 48 500 a household in jackson needs an income of only about 39 300 or 19 0 less than the national standard. The country and lending groups page provides a complete list of economies classified by income region and lending status and links to previous years classifications. For lower income households it was 25 624.
By that formulation the upper middle class might be the fourth highest income quintile the one above the middle but below the wealthiest. But of course the relative strength of. In sociology the upper middle class is the social group constituted by higher status members of the middle class this is in contrast to the term lower middle class which is used for the group at the opposite end of the middle class stratum and to the broader term middle class there is considerable debate as to how the upper middle class might be defined. There are other ways to think about the matter.
Those households range from 74 875 to 121 017 in income nationally.
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