Upper Middle Class Income Nj
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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 nj. Conversely new jersey s poorest and richest income. The median value of an owner occupied housing unit is 337 900 2012 ranked fifth in the. To determine the income it takes for a family to be considered middle class in every state 24 7 wall st. Its median household income is 71 637 2012 and its median family income is 87 389 2012 both the second highest in the country.
The median income of the middle class as of 2016 was 78 442. In 2016 the top 1 of americans earned 389 436 pre tax more than twice what it takes to be upper income. From the survey taken at the height of the recession to the post recession survey new jersey lost about 58 000 middle class households. The median income of the middle class by by household size.
Household income quintiles from the u. Middle class white collar towns new jersey 9 replies what if in 10 years property taxes average 14 20 thousand bucks for middle class towns new jersey 16 replies upper middle class and upper class in northern nj new jersey 1 replies nj upper class new jersey 73 replies how do you class low middle upper classes new jersey 13 replies. Family income quintiles from the. The think tank defines the middle class as households that are earning two thirds to double the national median.
In new jersey the trenton census area is among the top 10 metro areas where the greatest share of adults are in the upper class with 28 percent earning top level incomes. To determine the income it takes for a family to be considered middle class in every state using one of the wider definitions 24 7 wall st. Let s take it one step deeper and look at various household sizes. Reviewed data on the upper and lower bounds of u s.
Reviewed data on u s.
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