What Is Upper Middle Class Income 2023 In California However to define the upper class income threshold we need to look at the higher percentiles For instance households in the top 10 in California had an income of around 195 000 or more This means that to be considered part of the upper class in California a household would need to earn at least this amount
We use your size adjusted household income and the cost of living in your area to determine your income tier Middle income households those with an income that is two thirds to double the U S median household income had incomes ranging from about 56 600 to 169 800 in 2022 Lower income households had incomes less than 56 600 and In Mississippi a household income of 91 841 will land you in the upper middle class but in Maryland you would need a household income of 170 666 to earn this distinction
What Is Upper Middle Class Income 2023 In California
What Is Upper Middle Class Income 2023 In California
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Upper Middle Class Income
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A California household needed to earn an annual income of 63 674 to 190 644 to be considered middle class in 2023 the latest data from the U S Census Bureau the SmartAsset found The Treasury department has a different breakdown of income from 2023 and it tells a similar story The top 10 earned about 45 of all income Of course not all members of the top 10 are the same
The middle income class range is from 64 223 to 192 668 Thus in California to be upper class you need to earn almost 23 000 more than Pew s national threshold San Jose California Middle class income range in 2023 148 028 to 246 713 per year As part of Silicon Valley and the nation s tech hub San Jose boasted middle class incomes starting at
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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 Pew Research Center found the middle class has been shrinking for the last 50 years and reports more Americans have entered either the upper or lower income brackets The study defines middle
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