Notes: Range of household income needed to qualify for middle-income status, by family size, in 2016 dollars. To be considered part of that group in 2021which is synonymous with middle-class, according to Pewa. Range of household incomes needed to be considered middle class, by family size State The Pew Research Center has put a financial definition to the term middle income. Middle class calculatorįinally, if you want to check out whether you qualify as middle class in your hometown, Pew’s income calculator will let you drill down by metropolitan area. So, for example, in an area where livings cost are lower, you’ll need a lower income to enter the middle class. These bands are defined by dollar-per-day spending amounts expressed in. The amounts vary because Pew adjusts the data to reflect the cost of living around the country. The share of each countrys total population has been divided into five income bands. CFO John Rainey touted an influx of customers with household incomes above 100,000. In the table below, you’ll find the minimum and maximum incomes for middle-class households by the size of your family, from a singer person to a family of four. Walmart is attracting more upper middle-class shoppers due to inflation. You also may wonder how much you have to earn to qualify as middle class in the first place. Of course, the median income tells you only so much. Plus, the top group has seen bigger income gains, widening the income gap. But over time the middle class has been shrinking: In 1971, 61% of adults lived in middle-class households.Īnd during that time both upper and lower-income segments of the population have been growing at the expense of the middle class. That roughly half of American households fall into the middle class is similar to what Pew found in 2011, the last time they did this analysis. In Laredo, Texas, on the other hand, only 39% percent of residents qualify. As of the most recent census (2020), to be considered middle class by this standard, you would need to fall within the following annual income ranges: Single-person household: 30,000 and 90,000. In Sheboygan, Wisc., the middle class makes up about 65% of the population. So where do all these middle-class folks live? Pew drilled down by community as well, and found that the 10 highest concentrations of middle-class Americans reside in the Midwest and Northeast.
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