Upper Middle Class Income Michigan
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.
Upper middle class income michigan. Michigan counties by per capita income. Pew defines middle class as an income that is between two thirds and twice. For lower income households it. About one fifth of american households 19 are considered upper class while 29 are lower class the median income of upper class households was 187 872 in 2016.
The median income of the middle class by by household size. Pew defines the middle class as households that have an annual pre tax income that is at least two thirds to double the national median that ranged from 48 500 to 145 500 in 2018. The think tank defines the middle class as households that are earning two thirds to double the national median. Rank county per capita income median household income median.
Here again though geography matters. Michigan has an estimated per capita income of 27 549 and median household income of 50 803. To be clear upper income isn t synonymous with the 1 at least at the national level. About 18 percent of michigan adults are upper class by pew s definition and 29 percent are in low income households.
In that case perhaps upper middle class means owning a home valued above the median price of 201 900 according to zillow. Let s take it one step deeper and look at various household sizes. A recent post on the pew charitable trusts stateline blog outlines the upper and lower ends of the middle class in every state in the u s and concludes that the middle class has gotten small. 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.
Data is from the 2010 united states census data and the 2006 2010 american community survey 5 year estimates.