How Much Do You Have to Make to Be Considered Middle Class in New Hampshire?
I think a lot of us think of ourselves as middle class, and a report might change that for New Hampshirites.
Seacoastonline reported on a new report from GOBankingRates that grabbed information from the latest U.S. Census Bureau data to find what you need to make to be considered middle class in all 50 states.
What is the middle class?
According to Investopedia, the middle class is between the working class and the wealthy. People typically have a college degree, a good amount of disposable income, and could own a home. So how much DO you have to make to be considered middle class in New Hampshire?
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To be middle class in New Hampshire, you must have a household income ranging from $60,563 to $181,690 annually. If that just made your jaw drop, it's for good reason. The report notes that it's quite a jump from 2012, when you only had to make anywhere from $43,283 to $129,850 to be considered middle class. That's up almost 40%! Has your income jumped 40% in 12 years? Yeah, I didn't think so.
However, people in New Hampshire do have a high median household income. It's $89,992, and in Portsmouth, the average household income is $100,169, according to Census data.
Here are the top 10 states for incomes that are considered middle-class, according to GOBankingRates:
- Maryland income range: $65,641 to $196,922
- New Jersey income range: $64,751 to $194,252
- Massachusetts income range: $64,337 to $193,010
- Hawaii income range: $63,209 to $189,628
- California income range: $61,270 to $183,810
- New Hampshire income range: $60,563 to $181,690
- Washington income range: $60,217 to $180,650
- Connecticut income range: $60,142 to $180,426
- Colorado income range: $58,399 to $175,196
- Virginia income range: $58,166 to $174,498
It's a crazy world, and it appears to only be getting crazier.
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