The salary considered middle class generally refers to a household income range defined by major economic research organizations, typically relative to the national median household income. This range varies depending on the specific definition used.
Defining Middle-Class Income
Economic researchers, such as the Pew Research Center, commonly define the middle class as households earning between two-thirds and double the median U.S. household income. This yardstick provides a clear framework for understanding income tiers.
In 2023, the median U.S. household income was reported to be $80,610. Applying the two-thirds to double rule to this median income provides the specific thresholds for middle-class status.
Middle-Class Income Thresholds (2023)
Based on the 2023 median U.S. household income, the income range for the middle class is:
Income Tier | Annual Household Income Range |
---|---|
Middle Class | $43,350 to $130,000 |
This range encompasses households with incomes that fall within the specified lower and upper bounds, representing a significant portion of the American population. It's important to note that these figures represent household income, not individual income, and can vary by geographic location and household size, though the provided definition is based on a national average.