What is considered middle class by the government?

Unlike average income, the median income number captures the true “middle.” The government has no official definition of what constitutes a middle-class income, but a common measure (established by Pew Research Center) considers a household to be “middle class” if its income resides anywhere between two-thirds and …

What are the ranges for middle class?

California

• 2-person family middle-class income range: $50,117.34 to $149,604.
• 3-person family middle-class income range: $54,870.99 to $163,794.
• 4-person family middle-class income range: $62,647.68 to $187,008.

What annual salary is considered middle class?

Pew defines “middle class” as a person earning between two-thirds and twice the median American household income, which in 2019 was $68,703, according to the United States Census Bureau. That puts the base salary to be in the middle class just shy of $46,000.

What income is lower class?

What Is a Middle-Class Income?

Income group	Income
Poor or near-poor	$32,048 or less
Lower-middle class	$32,048 – $53,413
Middle class	$53,413 – $106,827
Upper-middle class	$106,827 – $373,894

What is the median income in the US 2020?

$67,521
Median household income was $67,521 in 2020, a decrease of 2.9 percent from the 2019 median of $69,560 (Figure 1 and Table A-1). This is the first statistically significant decline in median household income since 2011.

What is the average salary of a middle class?

Middle-class households are those with an average income of $78,442 per year. Approximately 50\% of households in the United States fall within this category. What salary is considered upper-class? The average American considers a person with a salary of between $90,000 and $100,000 rich, according to a study conducted by YouGov.

What is considered middle class level income?

1) person family middle-class income range: $50,117.34 to $149,604 2) person family middle-class income range: $54,870.99 to $163,794 3) person family middle-class income range: $62,647.68 to $187,008

What percentage of Americans are middle class?

However, because of the fuzziness of the definition, far more Americans consider themselves middle-class than technically qualify based on income. In reality, the middle class now makes up just over 50 percent of the total U.S. population, according to a recent report from Pew Research Center, which used 2016 data. Sep 26 2018

What range is considered middle class?

Those whose incomes fall in the bottom 20\% are considered poor. Everyone else (the middle 60\%) is middle class. Income Range: There are some economists who say that anyone who makes between $25,000 and $100,000 a year is middle class.

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