The salary you need to be considered middle class in the 25 largest U.S. cities—it can be over $250,000 in San Francisco

2024-07-22 17:57:00+00:00 - Scroll down for original article

Click the button to request GPT analysis of the article, or scroll down to read the original article text

Original Article:

Source: Link

A middle class lifestyle can look different depending on where you are. It may mean owning a house and a car in one city and simply being able to rent a place on your own in another. In the San Francisco area, an annual income of $250,000 would classify your household as middle earners, based on 2022 Census Bureau American Community Survey data. The middle class is commonly defined as households earning between two-thirds and double the median income, which is $128,151 in the San Francisco-Oakland-Berkeley, California metro area, the Census Bureau reports. That means middle class households there earn between $85,434 and $256,302 a year. DON'T MISS: Achieve Financial Wellness: Be Happier, Wealthier & More Financially Secure Another three U.S. metro areas include $200,000 households in their middle classes: Washington, D.C., Seattle and Boston. Median household incomes in each of these areas are over $100,000 a year. Like San Francisco, Seattle and Boston are two of the country's major tech hubs. Those often high-paying jobs can drive up local average wages. And the nation's capital is home to many high-paid lawyers, politicians and consultants. Here are the ranges of middle class incomes in the 25 biggest U.S. metros: