Understanding the Official Middle Class Income Range in the United States
Saturday, 2 March 2024, 17:00
What Defines the Middle Class Income
If your income was between $58,021 and $94,000, then you officially meet the definition of middle class.
Understanding Middle-Class Lifestyle
Most people imagine the middle class as having good jobs, a decent house, and enough money for small luxuries but not endless cash supplies.
What the Census Data Reveals
- Lowest quintile: $30,000 or less
- Second quintile: $30,001 to $58,020
- Third quintile: $58,021 to $94,000
- Fourth quintile: $94,001 to $153,000
- Highest quintile: $153,001 or higher
Factors Beyond Income
- Location plays a significant role in how your income is perceived.
- Financial decisions and spending habits can influence your sense of being middle class.
- Maximizing earnings and managing expenses are critical for financial success.
Remember, it's not just your income level that determines your financial well-being.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.