Income Range Of Upper Middle Class In India

The median income of the middle class as of 2016 was 78 442.

Income range of upper middle class in india. A family of 4 which can rent a 2 bedroom apartment in a average area of city. Enter your total monthly household income my total monthly household income is. A person working in india typically earns around 31 900 inr per month. This is the average monthly salary including housing transport and other benefits.

The chinese middle class has an estimated wealth of about 16 845 billion which is a 32 share of that country s wealth and 2 9 of the world s wealth. Hence lower middle class status starts at approx 6 lacs annual income before taxes and savings. The economists have used an income threshold that defines middle class people as those living on between 2 1 52 to 10 per person per day valued at 1993 purchasing power parity ppp dollars. The median income of the middle class by by household size.

Buy and maintain a car such as hyundai i10. The middle class in india has a 22 6 share 780 billion or rs 5 070 000 crore of the country s wealth while sections above the middle class higher middle class share about 64 of the wealth. Let s take it one step deeper and look at various household sizes. You are in the top of the richest households in india.

According to the pew research definition if the middle class has an upper range of 1 232 and one converts it to a daily income threshold then this works out to an upper threshold of 3 5 a day. Salaries range from 8 080 inr lowest average to 143 000 inr highest average actual maximum salary is higher.