Upper Class Income Philadelphia

Center city west philadelphia 8 01 87 5.

Upper class income philadelphia. The median income of that group was 187 872 in 2016. Neighborhood census tract creative class share. The size of philadelphia s middle class has essentially stabilized in the past decade after a period of prolonged decline according to an analysis by the pew charitable trusts of current and past data from the u s. In 2010 42 percent of the city s adults qualified as members of the middle class as defined by household income.

The main distinguishing feature of the upper class is its ability to derive enormous incomes from wealth through techniques such as money management and investing rather than engaging in wage labor or salaried employment. Fairmount spring garden philadelphia. The 2018 piece from pew reported that in 2016 the median income for the upper income class was 187 872. 57 772 76 to 172 456 4 person family middle class income range.

That would be chestnut hill where the median income is a cool 100 099. 51 695 19 to 154 314 3 person family middle class income range. For a family of four it s around 11 700. Here s a look at the top 10 richest neighborhoods in philadelphia out of 56 for 2020.

Its personal per capita income is 31 998 2003 the sixteenth highest in the country. The annual salary for a single person at half the poverty line is around 5 700. 2 person family middle class income range. Where houses go for over 2 41x the national median and household incomes are 1 82x the national median.

Consider that while philadelphia s middle class population dropped by 17 percent as a proportion of the city s total number of residents over those 40 years nationally the u s. Its median household income is 40 106 2000 ranked twenty eighth in the country and its median family income is 49 184 2000 the twenty sixth highest in the country. Philadelphia has the highest rate of deep poverty people with incomes below half of the poverty line of any of the nation s 10 most populous cities. Top 10 creative class locations in the philadelphia metro.