What Is Average Income Of Middle Class American
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The think tank defines the middle class as households that are earning two thirds to double the national median.
What is average income of middle class american. Pew defines the middle class as those whose annual household income is two thirds to double the national median which was 57 617 as of 2016. The median income of the middle class as of 2016 was 78 442. Let s take it one step deeper and look at various household sizes. Lower income households had incomes less than 48 500 and upper income households had incomes greater than 145 500 incomes in 2018 dollars.
By that definition a middle income three person. 26 093 to 78 281 household of two. In 2018 the national middle income range was about 48 500 to 145 500 annually for a household of three. Incomes in the middle class have lagged since 1979 write richard reeves and christopher.
4 person family middle class income range. 2 person family middle class income range. 3 person family middle class income range. The american economy may be booming but its middle class is struggling.
The median male us worker now has to earn more than a year s salary to afford the annual expenses for a family of four. These income ranges vary with the cost of living in metropolitan areas and with household size. Household of one.
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