The classifications are updated each year on July 1 and. The World Bank assigns the world’s economies to four income groups low, lower-middle, upper-middle, and high-income countries. what policy changes will need gain high economic growth. It may be a bit surprising that even earning $232,000 - what some might consider upper class earnings - you'd still be considered middle class in the Bay Area. Sri Lanka was upper middle income country but now in lower middle income country. San Francisco, Oakland, Berkeley Low-End Middle Class Income For a couple it starts at 42,430 up to 127,300 for a family of three, 60,000 - 180,000 and four 67,100 - 201,270. San Diego, Chula Vista, Carlsbad Low-End Middle Class Income Riverside, San Bernardino, Ontario Low-End Middle Class Income With high demand and low supply for housing, rent or mortgages in these SoCal metros would quickly eat up the low-end middle class income amount. Theres a significant difference in wealth for this group. Here's what you'd have to make in several California cities to be considered "middle class." Los Angeles, Long Beach, Anaheimįor these LA and Orange county cities, it's not entirely surprising that you'd fall within middle class range earning these amounts, if you could survive on $55,000. Median net worth: 805,400 Income: 149,132 or more The top 20 of earners are the upper class. But there are lots of factors to take into account in each city, as there are drastic cost of living fluctuations throughout such a large nation like the U.S.ĬNBC looked at 20 metro locations across the U.S. If you earn between $47,189 and up to $141,568 in America, you are considered middle class. There are many arguable definitions to what "middle class" constitutes, but according to Pew, it's defined as as those earning between two-thirds and twice the median American household income, which in 2021 was $70,784, according to the United States Census Bureau. Get San Diego local news, weather forecasts, sports and lifestyle stories to your inbox.
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