FAQs
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 is the minimum annual income required to be middle class in California? ›
In California, the middle class income range for 2022 was $61,270 to $183,810.
What is middle class income in California in 2024? ›
What amount of annual income is 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 middle class in San Jose, CA? ›
What's 'middle class' in major U.S. metros?
City | Lower end | Upper end |
---|
San Jose, California | $89,214 | $267,670 |
Sugar Land, Texas | $88,502 | $265,532 |
Arlington, Virginia | $88,245 | $264,760 |
Carmel, Indiana | $86,879 | $260,664 |
16 more rowsApr 24, 2024
How do I qualify for middle class tax refund in California? ›
You are eligible if you:
- Filed your 2020 tax return by October 15, 2021[i]
- Meet the California adjusted gross income (CA AGI) limits described in the What you may receive section.
- Were not eligible to be claimed as a dependent in the 2020 tax year.
- Were a California resident for six months or more of the 2020 tax year.
What is the minimum income in California? ›
In fact, as of January 1, 2024, the minimum wage for most hourly employees in California is $16.00 per hour. This is considerably higher than the federal minimum wage of $7.25. However, California's minimum wage system is tiered, with different rates for employers based on the number of employees.
Is $70,000 a year considered middle class? ›
A family of four in California needs to earn nearly $70,000 annually to still be considered middle class in 2023, according to a new report by ConsumerAffairs.
What is the poor class income? ›
Where you rank by income. According to the Census Bureau's Income in the United States: 2022 report, the median household income is $74,580 (a 2.3% decline from 2021), while household income levels for each class level are as follows: Lower class: less than or equal to $30,000. Lower-middle class: $30,001 – $58,020.
Is $40,000 a year considered middle class? ›
Is $40,000 a year considered middle class? According to Pew Research, a middle-class family of three makes between $56,000 and $156,000. Families of that size who bring in $40,000 a year would not be considered middle class.
In addition to New Jersey, you need an annual household salary of at least $50,000 to be considered middle class in 17 states: Oregon, Illinois, New York, Rhode Island, Delaware, Minnesota, Virginia, Alaska, Connecticut, Utah, Colorado, New Hampshire, Washington, California, Hawaii, Massachusetts, and Maryland.
What are the five income classes? ›
One way some researchers divide individuals into economic classes is by looking at their incomes. From that data, they split earners into different classes: poor, lower-middle class, middle class, upper-middle class and wealthy.
Is $50000 a year considered middle class? ›
By the Census data, it means that if you earn between $50,000 and $150,000 a year, you are considered middle class. It's a pretty straightforward answer, but it isn't particularly helpful if you're trying to climb up out of a lower income bracket into the middle class.
What is the annual income for middle class in California? ›
The personal finance website defined middle class as “those with an annual household income that is two-thirds to double the median income.” In California, the middle-class household income ranges between $ 61,270 to $183,810, a nearly 50% increase from where it stood in 2012 when it was $40,933 to $122,800.
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).
Am I lower or middle class? ›
Lower middle class: Those in the 20th to 40th percentile of household income, between $28,008 and $55,000. 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.
Is 75k a year middle class for a single person? ›
There's no single definition of “middle class.” According to the Pew Research Center, middle class households have an income that's between two-thirds and twice the U.S. median household income of $70,784. (A $75,000 salary falls easily within this range.)
What annual salary is considered low income in California? ›
Very-Low, Low and Moderate-Income Limits
Household Size | Very-Low Income | Low-Income |
---|
1 | $11,550 or less | $11,551 - $19,300 |
2 | $13,200 or less | $13,201 - $22,050 |
3 | $14,900 or less | $14,901 - $24,800 |
4 | $16,550 or less | $16,551 - $27,550 |
4 more rows
Are you considered middle class if you make $50000 a year? ›
In addition to New Jersey, you need an annual household salary of at least $50,000 to be considered middle class in 17 states: Oregon, Illinois, New York, Rhode Island, Delaware, Minnesota, Virginia, Alaska, Connecticut, Utah, Colorado, New Hampshire, Washington, California, Hawaii, Massachusetts, and Maryland.
What income is considered upper class in California? ›
How much does an Upper Class make in California? As of May 23, 2024, the average annual pay for the Upper Class jobs category in California is $58,538 a year. Just in case you need a simple salary calculator, that works out to be approximately $28.14 an hour. This is the equivalent of $1,125/week or $4,878/month.