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Different income barometers describe the middle class as having income from 50 000 to 150 000 or in some instances 42 000 to 125 000.
Definition of middle class income. 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. But first we must define what middle class means. Middle class income definitions standard definition. They manage to save some money for retirement.
57 772 76 to 172 456 4 person family middle class income range. Norm to join the middle class. My favorite class is the middle class. 51 695 19 to 154 314 3 person family middle class income range.
But a household in the san francisco area needs a reported income of about 63 800 or 31 6 more than the u s. The 75 000 spread accounts for the wide cost of living differential between places like new york city and fargo north dakota. An annual inhand income of 4 8 lacs. Other measures of middle class set the upper income mark.
Buy and maintain a. Middle class household income is between 46 013 and 137 406 annually using u s. 25 000 100 000 a year is what most would consider as a middle class income. Hence lower middle class status starts at approx 6 lacs annual income before taxes and savings.
Census bureau data and the pew research center definition. Only savings are 80c ie 1 5 lacs for tax exemptions. The middle 60 percent of american households earned half of all income before transfers and taxes in 1979 but only 40. 2 person family middle class income range.
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