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To be part of the top 20% of the middle class, you need to earn $106,092 and $149,160, — depending on your geographic location — according to a recent study by GOBankingRates. “For instance ...
While there’s no definitive line, households in the top 20% of earners are generally considered upper class. According to the U.S. Census Bureau, the median household income in 2022 was $74,580.
The American upper middle class is defined using income, education, occupation and the associated values as main indicators. [2] In the United States, the upper middle class is defined as consisting of white-collar professionals who have above-average personal incomes , advanced educational degrees [ 2 ] and a high degree of autonomy in their ...
For example, in Mississippi, the median household income for being considered upper middle class is $91,841. In California, that number rises to $159,302. Even within states classified as being ...
In Maryland, the median household income is $98,461, so your household would have to bring in $170,666 to be considered one of the upper members of the middle class.
The main distinguishing feature of this class, which includes an estimated 1% of the population, is the source of income. While the vast majority of people and households derive their income from wages or salaries, those in the upper class derive their primary income from business profits, investments, and capital gains. [5]
The upper middle class tends to have great influence over the course of society. [3] Occupations which require high educational attainment are usually well compensated and held in high public esteem. Physicians, lawyers, accountants, engineers, scientists and professors are largely considered to be upper middle class. [26]
Median income: $115,660. The upper middle class consists of those in the 60th to 80th percentile of household income. The median net worth is nearly double that of the middle class.