Louisville currently ranks 10th among its peer cities in median household income with a median income of $55,000. Louisville is in the middle of its peer group according to a natural breaks algorithm.
What is considered middle-class in Louisville Ky?
While ZipRecruiter is seeing salaries as high as $98,830 and as low as $15,605, the majority of salaries within the Lower Middle Class jobs category currently range between $33,100 (25th percentile) to $59,108 (75th percentile) with top earners (90th percentile) making $75,658 annually in Louisville.
What salary is considered middle-class in Kentucky?
How much you have to earn to be middle class in every state
| State | Middle-class income | Median household income |
|---|---|---|
| Kentucky | $43,747 | $52,295 |
| Indiana | $43,310 | $57,603 |
| Mississippi | $41,839 | $45,792 |
| West Virginia | $41,649 | $48,850 |
What is a good salary in Louisville Ky?
Full Time Salary in Louisville, KY
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $57,217 | $4,768 |
| 75th Percentile | $31,682 | $2,640 |
| Average | $49,483 | $4,123 |
| 25th Percentile | $23,643 | $1,970 |
What is considered high class in Kentucky?
While ZipRecruiter is seeing salaries as high as $86,447 and as low as $17,468, the majority of salaries within the Upper Class jobs category currently range between $34,041 (25th percentile) to $58,676 (75th percentile) with top earners (90th percentile) making $71,665 annually in Kentucky.
Is 75k a year middle class?
With the median U.S. income being about $80,000 a year, a household of four earning between roughly $52,000 and $175,000 a year is considered middle class. But you can do a lot more with $175,000 than you can with $52,000, surely.
Is 72000 a year middle class?
In 2010, the Census Bureau reports that the median income in the United States was $49,445, so if you go a little lower or higher, you get a middle-class range of between about $30,000 and $70,000 a year.
What salary range is middle class?
between $42,000 and $126,000
The Pew Research Center defines the middle class as households that earn between two-thirds and double the median U.S. household income, which was $61,372 in 2017, according to the U.S. Census Bureau. 21 Using Pew’s yardstick, middle income is made up of people who make between $42,000 and $126,000.
What is middle class for a single person?
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.
What salary is considered high 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. However, an upper class income also depends on where you live.
What is the cost of living in Louisville Ky?
Louisville cost of living is 88.4
| COST OF LIVING | Louisville | Kentucky |
|---|---|---|
| Grocery | 97 | 94.2 |
| Health | 86 | 93.9 |
| Housing | 69.6 | 63.3 |
| Median Home Cost | $206,900 | $165,900 |
What is the median household income in Louisville Kentucky?
$61,172
Median Household Income
Households in Louisville/Jefferson County, KY-IN have a median annual income of $61,172, which is less than the median annual income of $65,712 across the entire United States.
What is a good salary in Kentucky?
While ZipRecruiter is seeing salaries as high as $121,831 and as low as $18,364, the majority of salaries within the Average jobs category currently range between $44,342 (25th percentile) to $66,290 (75th percentile) with top earners (90th percentile) making $80,623 annually in Kentucky.
What salary is upper middle class?
A family earning between $32,048 and $53,413 was considered lower-middle class. For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.
What is considered wealthy in Kentucky?
The site used U.S. Census Bureau income data to determine the salary a household needs to earn to be in the city’s top 20% of earners – what they define as “rich.” In Louisville, you’ll need to earn $106,805 or more to be considered a “rich” person in the top 20% of the city’s 617,790 residents.
How do you know if you are middle class?
Pew defines “middle class” as a person earning between two-thirds and twice the median American household income, which in 2019 was $68,703, according to the United States Census Bureau. That puts the base salary to be in the middle class just shy of $46,000.
What is a middle class salary in 2020?
Household incomes have risen considerably since 1970, but those of middle-class households have not climbed nearly as much as those of upper-income households. The median income of middle-class households in 2020 was 50% greater than in 1970 ($90,131 vs. $59,934), as measured in 2020 dollars.
What class am I if I make 60000 a year?
USD, you fall in the global middle class.
What is a good income for a single person?
While what is a good salary for a single person will depend largely on where you live, the median household income in the US is $67,521. As this is often based on multiple incomes in the one household, a single person earning at least $67,521 can be considered a good salary.
Is 50k considered middle class?
Statisticians say middle class is a household income between $25,000 and $100,000 a year. Anything above $100,000 is deemed “upper middle class”.
Is 52000 a year middle class?
“To be middle class, a household of three would have an income between $40,000 and $154,000.” A three-person middle-income household makes about $52,000 to $156,000 every year according to Pew’s definition. A household of four would have to makes $60,000 to $180,000.
