What is the average income for middle class America?

What is the average income for middle class America?

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 percentage of Americans are middle class?

Depending on the class model used, the middle class constitutes anywhere from 25% to 66% of households. One of the first major studies of the middle class in America was White Collar: The American Middle Classes, published in 1951 by sociologist C. Wright Mills.

How much money does a middle class American make?

According to 2019 numbers run by Rose, the range for a middle-class family of three was an income of $53,413 to $106,827 , he says. That same three-person family with an income between $0 and $32,048 per year was considered poor or near-poor. A family earning between $32,048 and $53,413 was considered lower-middle class.

What is the income range for middle class in America?

The Pew Research Center defines the US middle class as those earning two-thirds to twice the median household income, which was $60,336 in 2017, meaning middle-class Americans were earning about $40,425 to $120,672.

What is the salary of middle class America?

When Americans talk about the “middle class,” they are usually thinking about a range, not just the specific income dead in the middle. Pew Research says the middle class runs from $42,000 to $125,000 (before tax).

How much is middle class annual income?

DEFINITIONS OF A MIDDLE CLASS INCOME. Standard Definition: $25,000-$100,000 a year is what most would consider as a middle class income. The $75,000 spread accounts for the wide cost of living differential between places like New York City and Fargo , North Dakota.