2007-03-21 02:37:55 · 7 answers · asked by Document Guy 2 in Business & Finance ➔ Personal Finance
Class is not solely determined by salary. It also depends on your manners, style of dress, type of work ( blue-collar, white-collar, don't need to work), what your parents did, where you live, how you speak. Also, the value of your salary depends on where you live and the cost of living there.
Lets say you live in London, without support from your parents, are buying your own home and earn at least £30000 then I think you could categorise yourself as middle-class. But you'd be fooling yourself as to your true class.
Edit: If you are from the US then I have no idea - I can only evaluate from the UK perspective. If you are Australian you have no class, Australia has an egalitarian society.
2007-03-21 02:43:20 · answer #1 · answered by Velouria 6 · 1⤊ 0⤋
Generally, if you live over the poverty line, you're middle class.
Middle class salaries are often broadly defined as those households earning $25,000-$100,000. The median salary for all workers between 25 and 65 was $63,500 in 2004 (according to the American Prospect).
It really does depend on where you live. HUD publishes a specific salary range for each county and city in the nation that designates people into classes.
But the classes are also often defined by net worth versus age as opposed to salary. The average 20 something has a net worth of negative $7,500 or so according to Money Magazine. Median net worth for all households (25-65 yrs old) was $94,000 in 2004 (American Prospect data).
2007-03-21 05:41:08 · answer #2 · answered by lizzgeorge 4 · 0⤊ 0⤋
I would say you are looking at around 35,000 to 75,000 a year in the middle class territory
2007-03-21 02:40:58 · answer #3 · answered by Sandi G 1 · 0⤊ 0⤋
It has a lot to do with the cost of living where you live. $40,000 a year won't get you as much in New York as it would in Iowa.
2007-03-21 02:41:58 · answer #4 · answered by Anonymous · 0⤊ 0⤋
what you want to do is do a demographics search on your city and state (or nearest city and state)- this will break down you area by income, population, etc- look at mean and median incomes in your area ( mean = average, median = middle) then see where you fit in with your salary.
example searchs- Austin, TX demographics
Austin, TX median income
Austin, TX mean income
2007-03-21 03:05:31 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Depends on where you live, here in Washington DC I would say at least $60k/year.
2007-03-21 02:40:52 · answer #6 · answered by Gman 4 · 0⤊ 0⤋
i would say it depends where you live...somewhere between $30k-$90k maybe?
2007-03-21 02:40:40 · answer #7 · answered by questions1440 2 · 0⤊ 0⤋