Upper Middle Class Income In Kenya

Although kenya has been globally lauded for its budding middle class the oecd report shows almost a third of the budget of the average middle income household goes to housing rent while food and clothing account for slightly less than a quarter of the budget.

Upper middle class income in kenya. So with simple maths on earnings an expenditure anyone earning between ksh30 000 and ksh300 000 qualifies as middle class under this definition. To do that kenya s gni would have to increase five fold from 1 160 per capita to 5 600 the world bank s projected threshold for upper middle income status in 2030. Lower middle income 1 036 4 085. According to them 44 9 percent of kenya s population is middle class.

According to moody s survey kenya comprised of 400 thousand middle class and lower middle class both of which were at 4 in 2014 but as per their forecast by 2030 upper middle class will comprise of 0 1m upper middle class 0 middle class will comprise of 1 1m or 8 and lower middle class will comprise of 1 4m or 10 as illustrated below. For a long time the middle class represented the socio economic backbone of the western model of economy and society. This seems more reasonable than a claim that 44 9 of kenya s population is middle class. Low income 1 035 or less.

According to world bank atlas countries are stratified into. The kenya national bureau of statistics has adopted a different definition of the middle class as anyone spending between ksh23 670 and ksh199 999 per month. Middle class middle income group social policy social security vulnerability social networks lifestyles milieus africa kenya. For kenya the entry into middle income level means a bigger market for local manufacturers and even regional manufacturers.

Upper middle income 4 086 12 615. On the other hand the kenya national bureau of statistics knbs says that a kenyan middle class person spends between kes 23 670 and kes 199 999 each month.