About one in three Americans making six-figure salaries are worried about paying their bills, according to a new survey from the Federal Reserve Bank of Philadelphia.
The parts of the state(s) where nobody lives are driving down the number. For Missouri that number is accurate if you live 3 hours from any city with more than one zip code.
It’s just an average. Same reason why $111k won’t get you a house in San Fran, LA, or San Diego even though that’s the average middle class salary for CA. There are lots of rural areas that bring that average down.
Income needed to be considered middle class in each state from Zippia report.
Hawaii $122,695 California $111,206 Massachusetts $85,567 Colorado $81,602 Washington $81,203 New York $75,403 Oregon $74,865 New Jersey $74,485 Maryland $71,844 Utah $71,034 Nevada $70,752 Virginia $67,197 Alaska $63,873 Connecticut $63,375 New Hampshire $62,890 Rhode Island $62,691 Arizona $61,699 Delaware $60,015 Montana $59,496 Minnesota $58,903 Idaho $58,866 Florida $58,833 Texas $55,605 Vermont $55,371 Wyoming $54,849 Georgia $54,213 Illinois $53,961 North Dakota $52,935 Maine $51,608 Pennsylvania $51,346 North Carolina $51,144 Tennessee $50,629 Wisconsin $50,062 Louisiana $49,587 South Carolina $49,110 New Mexico $48,602 South Dakota $48,258 Michigan $47,044 Nebraska $46,906 Missouri $46,649 Kansas $46,485 Alabama $45,559 Oklahoma $44,008 Iowa $43,997 Ohio $43,949 Kentucky $43,747 Indiana $43,310 Mississippi $41,839 West Virginia $41,649 Arkansas $40,928
What kind of bullshit numbers are these? I live Arkansas. If you make $40,928 and live here, you are poor. Not even close to “middle class.”
The parts of the state(s) where nobody lives are driving down the number. For Missouri that number is accurate if you live 3 hours from any city with more than one zip code.
Is this household or individual income? Either way, whack
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It’s just an average. Same reason why $111k won’t get you a house in San Fran, LA, or San Diego even though that’s the average middle class salary for CA. There are lots of rural areas that bring that average down.
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In Louisiana I make twice that amount. I’m barely middle class.
That’s on you. Probably time to look into your spending.