FAQs
In California, the middle class income range for 2022 was $61,270 to $183,810.
What income is considered middle class in California? ›
As of 2022, middle-class household income ranged between $61,270 and $183,810 in the Golden State, according to a recent analysis from personal finance site GoBankingRates.
What is middle class income in California in 2024? ›
Middle Class Income Ranges in U.S. States
Rank | State | Lower bound on middle class income |
---|
5 | California | $61,028 |
6 | Washington | $60,865 |
7 | New Hampshire | $59,989 |
8 | Colorado | $59,529 |
11 more rowsApr 24, 2024
What is the income level for the middle class? ›
The Pew Research Center defines the middle class as households that earn between two-thirds and double the median U.S. household income, which was $65,000 in 2021, according to the U.S. Census Bureau.
What is upper class income in California? ›
Your household would need to earn at least $64,224 to be considered middle class in the Garden State, and earning more than $192,692 would put you in the upper class.
What is a good salary to live comfortably in California? ›
While California ranks third-most expensive for a single adult to live comfortably at $113,652, it only ranks fifth-most expensive for two working adults raising two children. The total family income should be at least $276,724 in the latter case.
What is considered average income in California? ›
Average Salary in California
| Annual Salary | Monthly Pay |
---|
Top Earners | $95,500 | $7,958 |
75th Percentile | $78,264 | $6,522 |
Average | $61,916 | $5,159 |
25th Percentile | $45,568 | $3,797 |
What is Upper Class income in 2024? ›
How much does an Upper Class make? As of May 21, 2024, the average annual pay for the Upper Class jobs category in the United States is $59,699 a year. Just in case you need a simple salary calculator, that works out to be approximately $28.70 an hour.
What annual salary is considered upper middle class? ›
Middle class: Those in the 40th to 60th percentile of household income, ranging from $55,001 to $89,744. Upper middle class: Households in the 60th to 80th percentile, with incomes between $89,745 and $149,131. Upper class: The top 20% of earners, with household incomes of $149,132 or more.
How much do middle class citizens make a year? ›
Middle Class Income in 2024
But data from the U.S. Census Bureau cites a different number as the average salary: just under $75,000. What does this all mean? By the Census data, it means that if you earn between $50,000 and $150,000 a year, you are considered middle class.
As of 2022 (the most recent Census data), the average median household income in the U.S. was $73,914, meaning the national range for the middle class is roughly $49,271 to $147,828. Across the nation's largest cities, the range is between $51,558 and $154,590, according to SmartAsset.
What is considered as a good salary? ›
“Good income is relative to the average household income in America, which is $78,000 right now.” Real median household income in the U.S. was $78,250 in 2019 and fell to $74,580 in 2022, according to the Census Bureau. "You're not a bad person. You're not a horrible income earner.
What is considered middle class vs rich? ›
Pew Research Center also found that the median middle-class household income was $90,131 in 2020 — the most recent data available. This means that half of all middle-class individuals earn less than this, while half earn more. By contrast, the median income for the upper class is $219,572 a year.
Am I middle class in California? ›
Data comes from the U.S. Census Bureau for 2022. To learn more about this study, tap or click here. A separate study by Consumer Affairs published last month tabulated the minimum annual income required for a family of four to be considered middle class in each state, and in California, that income is $69,064.
What salary is considered rich for a single person in California? ›
New study breaks it down. How rich is rich in California? As of 2022, the top 5% of earners in the state made $613,602 a year on average, according to a recent analysis from personal finance site GoBankingRates. That's roughly a 37% increase from 2017, when top earners raked in an average annual income of $447,207.
What is the middle class in California in 2024? ›
With New Jersey ranking as the top state to make the most money to be considered middle class, other states ranking in the top five requiring salaries exceeding $50,000 to be in this category include Maryland ($63,321) and Massachusetts ($62,986), Hawaii ($61,633) and California ($61,028).
What salary is upper middle class? ›
Many have graduate degrees with educational attainment serving as the main distinguishing feature of this class. Household incomes commonly exceed $100,000, with some smaller one-income earners household having incomes in the high 5-figure range. "The upper middle class has grown...and its composition has changed.
What is the net income of $75000 in California? ›
That means that your net pay will be $55,286 per year, or $4,607 per month. Your average tax rate is 26.3% and your marginal tax rate is 41.0%.
What income is considered wealthy? ›
What is the average wage for Americans and the top 1 percent?
Category | 2022 | 2021 |
---|
Average wages of bottom 90 percent | $40,845 | $40,928 |
Average wages of 90th–99th percentile | $183,511 | $187,609 |
Average wages of top 1 percentile | $785,968 | $916,928 |
Average wages of top 0.1 percentile | $2,817,436 | $3,707,327 |
2 more rowsFeb 1, 2024