In Phoenix, upper class income for top earners is approximately $83,614 annually, while the 75th percentile of earners, also considered within the upper income bracket, makes around $66,113 per year.
Understanding Upper Class Income in Phoenix
Defining "upper class income" can vary based on different metrics and surveys. However, recent data provides specific benchmarks for various income levels in Phoenix, Arizona, offering a clear picture of what constitutes higher earnings in the area. These figures represent different tiers, from the highest earners to those above average.
Key Income Benchmarks in Phoenix
The following table illustrates the range of annual and monthly incomes for different earning percentiles in Phoenix, providing insight into the distribution of salaries and what is considered upper income.
Earning Tier | Annual Salary | Monthly Pay |
---|---|---|
Top Earners | $83,614 | $6,967 |
75th Percentile | $66,113 | $5,509 |
Average | $58,043 | $4,836 |
25th Percentile | $37,918 | $3,159 |
Explanation of Tiers:
- Top Earners: This category represents the highest income bracket within the surveyed data, indicating the income level achieved by a small percentage of individuals with the highest salaries. Earning this amount places an individual firmly in the top tier of income earners.
- 75th Percentile: Individuals in the 75th percentile earn more than 75% of the other earners included in the data. This is a significant benchmark for high income, reflecting a substantial earning capacity well above the average.
- Average: The average income represents the mean salary across all surveyed individuals. While useful for general understanding, it does not specifically define upper class income but serves as a point of comparison.
- 25th Percentile: This indicates that an individual earns more than 25% of the other earners in the dataset. This figure typically represents lower-to-mid range incomes and is not considered within the upper class bracket.
These figures offer a practical guide to understanding income distribution and the specific financial thresholds that define upper class earnings in Phoenix.