Table
| Population | |
|---|---|
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $58,235 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $30,693 |
| Persons in poverty, percent | 11.6% |
What is considered middle income in Indiana?
How Much Income Do You Need in Indiana To Be Considered Middle Class. The current median household income for Indiana is $57,603.
What is considered upper class in Indiana?
In Indianapolis, you would have to earn at least $97,257 to be considered among the top 20% of earners. The super rich, also known as the top 5%, have an average income of $325,191.
What is a good household income Indiana?
Table 1: Indiana’s median household income by race, 2017
| Selected categories | Median household income | Margin of error |
|---|---|---|
| Total | $52,182 | $200 |
| Asian | $59,361 | $2,836 |
| White | $54,951 | $256 |
| Hispanic | $42,995 | $1,092 |
What is the average income of a family in Indiana?
The following data are the most current income statistics for Indiana from the US Census Bureau, are in 2019 inflation adjusted dollars and are from the American Community Survey 2019 5-year estimates. Median Household Income: $56,303. Average Household Income: $75,025. Per Capita Income: $29,777.
What is low income Indiana?
Eligibility threshold is not rounded.
Federal Poverty Level Income Chart.
| Household size | Monthly income limit for HIP Basic eligibility | Monthly income limit for HIP Plus eligibility* |
|---|---|---|
| 1 | $1,133 | $1,564 |
| 2 | $1,526 | $2,106 |
| 3 | $1,920 | $2,649 |
| 4 | $2,313 | $3,192 |
What salary is upper class?
An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher.
What is the poorest town in Indiana?
Indiana: Knox
Knox is a small northern Indiana town of 3,500. The poorest town in the state, Knox has a median annual household income of $33,709, about $18,500 less than the median income across the state as a whole. Real estate values are often indicative of what area residents can afford.
How many millionaires are in Indiana?
List
| Rank | State | Number of millionaire households |
|---|---|---|
| 17 | Minnesota | 167,206 |
| 18 | Arizona | 161,014 |
| 19 | Tennessee | 139,335 |
| 20 | Indiana | 138,739 |
What is a good net worth by age?
The average net worth for U.S. families is $748,800. The median — a more representative measure — is $121,700.
Average net worth by age.
| Age of head of family | Median net worth | Average net worth |
|---|---|---|
| 35-44 | $91,300 | $436,200 |
| 45-54 | $168,600 | $833,200 |
| 55-64 | $212,500 | $1,175,900 |
| 65-74 | $266,400 | $1,217,700 |
What is a livable salary in Indiana?
Living Wage Calculation for Indiana
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $15.79 | $34.73 |
| Poverty Wage | $6.19 | $12.74 |
| Minimum Wage | $7.25 | $7.25 |
Is $27 an hour good pay?
40 hours multiplied by 50 weeks is 2,000 working hours in a year. Now simply multiply your hourly rate by the number of working hours in the year. $27 per hour multiplied by 2,000 working hours per year is an annual income of $54,000 per year.
What is the middle class income?
In this analysis, “middle-income” adults in 2021 are those with an annual household income that was two-thirds to double the national median income in 2020, after incomes have been adjusted for household size, or about $52,000 to $156,000 annually in 2020 dollars for a household of three.
What is the richest town in Indiana?
In Indiana, the richest town is Meridian Hills located in Marion County, about six miles north of downtown Indianapolis. Here’s some of the data provided by Stacker: Median household income: $186,750 (171.8% more than U.S. median income)
What is the richest county in Indiana?
Here’s how much wealthier Hamilton County residents are than the average Hoosier. Here’s something that’ll likely shock no one: Hamilton County is the richest in Indiana.
Is Indiana a poor state?
Indiana has the third-lowest poverty rate in the nation, according to the U.S. Census Bureau (see Figure 1).
What is the poverty level for a single person in Indiana?
2020 Poverty Guidelines
| Size of Family Unit | Annual Amount | 125% |
|---|---|---|
| 1 | $12,760 | $15,950 |
| 2 | $17,240 | $21,550 |
| 3 | $21,720 | $27,150 |
| 4 | $26,200 | $32,750 |
What salary is poverty?
48 Contiguous States and D.C.
| Persons in Household | 48 Contiguous States and D.C. Poverty Guidelines (Annual) | |
|---|---|---|
| 100% | 400% | |
| $13,590 | $18,075 | |
| 2 | $18,310 | $73,240 |
| 3 | $23,030 | $92,120 |
What is considered middle class?
The Pew Research Center has put a financial definition to the term “middle income.” To be considered part of that group in 2021—which is synonymous with middle-class, according to Pew—a single American must have earned $30,003 to $90,010, according to a new set of reports released Wednesday.
How many Americans make over $100000 per year?
About 30.7% of households earned over $100,000 in 2020. In 2019, around 15.5% of Americans earned between $100,000 and $149,999; about 8.3% of the population earned between $150,000 and $199,999; and about 10.3% of the population earned over $200,000.
Are doctors High class?
Most people in the upper-middle class strata are highly educated white collar professionals such as physicians, dentists, lawyers, accountants, engineers, military officers, economists, urban planners, university professors, architects, stockbrokers, psychologists, scientists, actuaries, optometrists, physical
