How much money does it take for a household to be considered middle-class? A new study shows that the bar is pretty high if you live in Maryland.
GOBankingRates found that Marylanders required the most money – a median household income of $98,461 – to be considered middle class.
The personal finance site analyzed data from the 2022 American Community Survey as conducted by the U.S. Census Bureau, then found the middle-class income for every state.
The company followed the Pew Research Center’s definition of middle-class income — “two-thirds to double the U.S. median household income.”
According to the data, the middle-class household income averages across the U.S. ranged between $52,000 and $98,500 in 2024.
Click here to read the rest of the article written by Christopher Harris over at Fox5DC
