This is considered middle class income in California, study shows (2024)

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This is considered middle class income in California, study shows? ›

In California, the middle-class household income ranges between $61,270 to $183,810, a nearly 50% increase from where it stood in 2012 when it was $40,933 to $122,800. The Golden State had the fourth-highest income increase needed to be considered middle class.

LOS ANGELES - Are you considered "middle class" by California standards? A study by Consumer Affairs has tabulated the minimum annual income require for a family of four to be considered middle class in each state, and in California, that income is $69,064.

The Pew Research Center defines the middle class as households that earn between two-thirds and double the median U.S. household income, which was $65,000 in 2021, according to the U.S. Census Bureau.

One commonly used definition from the Pew Research Center sets a middle-class income between two-thirds and twice the national median income, or $67,819 to $203,458 for a family of four in 2022. Most Americans consider the lower end of that range, $75,000 and $100,000, to be middle class, according to the Post poll.

In California, the middle class income range for 2022 was $61,270 to $183,810. Compare that to the average in 2012, which was $40,933 to $122,800. That's a 10-year change of 49.68%. Those figures pushed California to #4 on the list ranking U.S. states where the middle class income has increased.

As of Jun 20, 2024, the average annual pay for the Upper Class jobs category in the United States is $59,699 a year. Just in case you need a simple salary calculator, that works out to be approximately $28.70 an hour. This is the equivalent of $1,148/week or $4,974/month.

Is $30000 a year considered middle class? ›

If you earn this much, you're in the middle class

According to the Census data, here's how household income breaks down in the United States: Households in the lowest quintile: $30,000 or less. Households in the second quintile: $30,001 to $58,020. Households in the third quintile: $58,021 to $94,000.

The lower middle class is often made up of less educated people with lower incomes, such as managers, small business owners, teachers, and secretaries. The upper middle class is often made up of highly educated business and professional people with high incomes, such as doctors, lawyers, stockbrokers, and CEOs.

Based on that figure, an annual income of $500,000 or more would make you rich. The Economic Policy Institute uses a different baseline to determine who constitutes the top 1% and the top 5%. For 2021, you're in the top 1% if you earn $819,324 or more each year.

In 2024, a large U.S. city's middle-class income averages between $52,000 and $155,000, with the median household income across all 345 cities at $77,345, making middle-class income limits fall between $51,558 and $154,590, SmartAsset noted.

The 'new middle class' in India refers to the socio-economic group that emerged in the post-liberalization era of the 1990s, characterized by rapid economic growth, globalization, and the rise of the service sector.

The most expensive and least expensive states vary by more than $66,000. In Hawaii, you need to earn $112,411 to have what GoBankingRates considers a living wage. In Mississippi, you need $45,906. In California, you need to earn $80,013, the study states.

Many have graduate degrees with educational attainment serving as the main distinguishing feature of this class. Household incomes commonly exceed $100,000, with some smaller one-income earners household having incomes in the high 5-figure range. "The upper middle class has grown...and its composition has changed.

If you make $75,000 a year living in the region of California, USA, you will be taxed $19,714. That means that your net pay will be $55,286 per year, or $4,607 per month.