newsheaven

A recent research has disclosed the salary required for a middle-class life across all U.S. states, showing that this minimal income can differ by as much as $30,000. The American middle class represents a wide socioeconomic segment positioned between the affluent upper class and the economically struggling lower class. usually characterized by financial status , education, and lifestyle. In financial terms, the middle class typically includes households whose earnings fall within a range of one-half to twice the nation’s median household income—currently standing at $77,719 per year, as reported by the U.S. Census Bureau. According to SmartAsset’s report, which utilized data from the U.S. Census Bureau, the most expensive state for maintaining a middle-class lifestyle is Massachusetts, with costs ranging from $66,565 to $199,716 annually. It is closely trailed by New Jersey at $66,514 to $199,562 and Maryland at $65,779 to $197,356 per year. On the opposite end of the...