What Salary You Need To Be Middle Class In New Jersey

What Salary You Need To Be Middle Class In New Jersey

What is "middle class" do you feel that you are "middle class"? According to Dictionary.com "The social, economic, and cultural class of people thought of as having approximately average status, income, education, tastes, and the like". So do you feel "average"? What is average? Is "average" an insulting term? These are just some of the things that came to mind when I spotted this topic in a recent Patch post. The article really got to the bottom line of being in the middle class, money! It's simple, your salary basically determines if you are "middle class".

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According to Patch, the first thing you need to know is that like everything else in America now, the cost of actually being "middle class" is up 35 percent. "While a household income of $35,364 qualified the average American as a member of the middle class in 2012, the threshold number has increased to $50,099 in 2022 for the nationwide middle class, according to a report using U.S. Census Bureau data conducted by GOBankingRules."

Now the next thing you need to remember is that the average salary of the "middle class" varies from state to state. What is middle class in Wyoming might vary from what we need to make here in New Jersey. "In New Jersey, the 2012 middle-class income range of $47,758 to $143,274 has increased 35.58 percent to $64,751 to $194,252 in 2022."

So the answer to our question? You need to make $64,751 to $194,252 to be "middle class" in the Garden State.

State Rankings (Middle Class)

• In Oregon, the household income needed to be middle class has increased by 53.15% from 2012 to 2022
• Mississippi has the lowest household income needed to be middle class.
• The definition of the middle class has changed the least in Alaska.
• Maryland has the highest household income needed to be middle class.