The definition of middle class in the U.S. varies depending on where you live. Some states have higher income thresholds to qualify as middle class, with Maryland and New Jersey having ranges close to $200,000. These income ranges were determined by GOBankingRates using data from the U.S. Census Bureau’s American Community Survey. The site defines middle class as households with an annual income that is two-thirds to double a state’s median income, with Maryland and New Jersey having the highest median household incomes in 2022.
In every U.S. state, the income range that qualifies as middle class varies. For example, in Alabama, the middle-class income range is $39,739 to $119,218, while in states like California and New York, it ranges from $61,270 to $183,810 and $54,257 to $162,772, respectively. These ranges highlight the differences in cost of living and income distribution across the country, impacting what is considered middle class in each state.
For many people, being middle class is not just about income level. It is a subjective perception based on comparisons with others. Financial psychologist Brad Klontz explains that our financial well-being is influenced by our social comparisons, especially with those portrayed on social media. This can lead to feelings of deprivation and inadequacy, even if one’s income falls within the middle-class range. It’s important to consider individual perceptions and psychological factors when defining middle class status.
Becoming a successful and confident communicator is essential in navigating the complexities of social comparisons and financial well-being. CNBC offers an online course on effective communication to help individuals master public speaking, calm nerves, and project confidence. This course provides strategies on what to say and not say, as well as body language techniques to make a great impression. By improving communication skills, individuals can better manage social comparisons and enhance their overall well-being.
In conclusion, the definition of middle class in the U.S. is not solely based on income level but also on individual perceptions and social comparisons. Variations across states highlight the diverse cost of living and income distributions, affecting what is considered middle class in different regions. Understanding these factors and improving communication skills can help individuals navigate feelings of deprivation and successfully manage their financial well-being in a complex social landscape.
