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But a household in the san francisco area needs a reported income of about 63 800 or 31 6 more than the u s.
What is income of middle class. Thus to step over the national middle class threshold of 48 500 a household in jackson needs an income of only about 39 300 or 19 0 less than the national standard. 2 person family middle class income range. This would put the middle class in the 34 352 to 103 055 income range based on the census median income of 68 703. While income is generally the most common metric when comparing lower middle and upper class there are several other ways economists analysts and others have measured what being middle class.
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 median income of the middle class as of 2016 was 78 442. Other definitions of middle class income. The think tank defines the middle class as households that are earning two thirds to double the national median.
57 772 76 to 172 456 4 person family middle class income range. For a traditional middle class lifestyle which takes into account two spouses and a child ability to finance their child s education home and car ownership and retirement savings this would require 123 388 per year after income tax. Here s the income you d have to earn each year to be considered middle class. Former secretary of labor robert reich suggests that the middle class should be defined as households making between 50 below and 50 above the median.
51 695 19 to 154 314 3 person family middle class income range. Norm to join the middle class.
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