The middle class just ain't what it used to be—the cost of entry is more expensive than ever. According to a new study from GoBankingRates.com, middle class household incomes in the U.S. increased 41.7% from 2012 to 2022. In several states, the increase has been higher than 50%. Nationally, the minimum household income considered middle class rose from $35,364 in 2012 to $50,099 in 2022. The ceiling rose too, from $106,092 in 2012 to $150,298 in 2022.

The study, which contains data sourced from American Community Surveys as conducted by the US Census Bureau, offers detailed insights into how the meaning of middle class has changed state by state.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.