Upper Class Income Indiana

For example if you live in new york or washington d c you ll need to earn four times the median income to crack the top 10.

Upper class income indiana. According to senior researcher rakesh kochhar 52 percent of american adults lived in middle class households in 2016. A new study from the pew research center says the american middle class is stable in size but is slowly losing ground due to upper income families. Those who earn more than 350 000 are rich. However the size of this gap can vary widely depending on where you live.

This percentage has remained the same since 2011 but financial gains during this time were modest compared to higher income. By definition there will always be a significant gap between what the median wage is in a state versus what the top 10 earn. The hoosier capital ranks 40th out of the 51 cities in the business insider report. The 2018 piece from pew reported that in 2016 the median income for the upper income class was 187 872.

And during that time both upper and lower income segments of the population have been growing at the expense of the middle class. According to the census acs 1 year survey the median household income for indiana was 57 603 in 2019 the latest figures available compared to the median us household income indiana median household income is 8 109 lower 2020 census acs data including 2020 indiana household income numbers will be released in september of 2021. In indianapolis making at least 86 202 boosts you to the upper class. That means it s based on the city s.

The threshold to be considered upper income is 118 080 nationally but that figure is different when broken down by the state level. They manage to save for a decent retirement and kids wedding. Plus the top group has seen bigger income gains widening the income gap. A family of 4 which can buy and maintain a car in the c2 segment such as honda city.

For high earners a three person family needed an income between 100 000 and 350 000 to be considered upper middle class rose says. They have an in hand income of roughly 75000 a month. While for the middle class it was 78 442 and for the lower class it was 25 624 in.