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The money required for a "middle-class" lifestyle varies greatly depending upon a number of factors, including location; house costs; family size; taxes; healthcare costs; needs of dependents.
The 2019 Census has different numbers, US Household median income listed as $65,712.
https://www.census.gov/library/visualizations/interactive/2019-median-household-income.html
Where can we find the average income for individuals and not household.
Household can mean multiple people.
Makes sense. Is there a way to find out a city’s average and median?
Honestly I am spending as much as I can (since my retirement is over-funded).
I’m not sure what purpose it serves to talk about how much you need to live middle class on an international forum. Someone living on the coasts will need substantially more than someone living in lower cost parts of the country. It would seem to be more meaningful to have this discussion within your community or county.
It shows household income.Not individual though.
It shows household income.
You can get a pretty good estimate of individual for a city by using the ratio of individual to household for the country, then multiplying it for the city's household income figure.
Household means at least 2+ people.
What about 1 person?
Household means at least 2+ people.
What about 1 person?
Here is the SF Bay Area a $1M house is a starter house. My daughter (29 yrs) just bought her house for a few thousand under $1M. It's a smallish home, smallish lot and somewhat of a fixer. What most people around the country would consider a middle class house would cost about $1.25M here.
The average American household income is $55k (technically $51k this year as COVID hurt avg earnings);
What was the United States average household income?
In 2020, average household income in the United States was $97,973.61.
What was the United States median household income?
In 2020, median household income in the United States was $68,400.00.
Well aware of Bay Area pricing as we just returned home from our penance in Castro Valley.
Happy to leave and would never willingly live there again. Pleasanton and Livermore might be doable but CV is not a nice place to live. While we lived there a double murder occurred on our street, my car was robbed while I was in Safeway for 10 minutes and as a nurse I have never in 30 years been cussed at, spat at, and intentionally harmed by a patient until I worked in East Bay. I could list a few more but you get the picture. The pay was astronomical but not worth the price of admission.
DH loved the chaos but chaos was his line of work and for him the promotion and retirement bump was worth it.
If your broke paying the mortgage your broke not middle class.
While my experience in Castro Valley doesn't match yours, I do understand that the quality of life here in the Bay Area has significantly deteriorated over the last 30 to 50 years. I grew up in San Mateo and moved to Castro Valley about 33 years ago. Since I've been here my whole life and all my family and friends are here I won't be leaving. I've just learned to accept all the changes.
Yeah, that's not buying you a middle class existence in NJ unless you have a spouse with an income at least as high or preferably higher than yours. It's also why many police officers work 2nd jobs doing security work or something else.
Different agencies pay different rates. I am familiar with one in California that pays significantly more than the rate quoted for NJ.
The Sacramento Bee publishes salaries for all state employees in California. The salaries listed include all compensation, base, overtime, retiring employees vacation pay out. Some of the salaries are artificially high the year people retire.
Are we talking about people still working or those retired?