Upper Middle Class Income Utah

Pew defines middle class as two thirds to twice the u s.

Upper middle class income utah. Family income quintiles from the. In 2016 the regionally adjusted lower and upper income bounds for utah s middle income households were 39 690 to 98 270. 51 695 19 to 154 314 3 person family middle class income range. Reviewed data on the upper and lower bounds of u s.

To be clear upper income isn t synonymous with the 1 at least at the national level. The pew research center defines middle class or middle income households as those with incomes that are two thirds to double the 2016 u s. Buy and maintain a car such as hyundai i10. 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.

Utah has the eleventh lowest per capita income in the united states of america at 18 185 2000. 2 person family middle class income range. Median household income adjusted for household size as you can see in the map below that benchmark income tops 84 000 in rhode island and maryland and approaches 75 000 in florida. Reviewed data on u s.

Hence lower middle class status starts at approx 6 lacs annual income before taxes and savings. 57 772 76 to 172 456 4 person family middle class income range. In 2016 the top 1 of americans earned 389 436 pre tax more than twice what it takes to be upper income. The new brief from the gardner policy institute defines the middle class based on household income compared to median income and federal poverty guidelines.

Its personal per capita income is 24 977 2003. Household income quintiles from the u. According to the census acs 1 year survey the median household income for utah was 75 780 in 2019 the latest figures available compared to the median us household income utah median household income is 10 068 higher 2020 census acs data including 2020 utah household income numbers will be released in september of 2021. To determine the income it takes for a family to be considered middle class in every state 24 7 wall st.

A family of 4 which can rent a 2 bedroom apartment in a average area of city.