Yahoo Finance How Much You Need To Be Middle Class in These 12 Midwest States
People find homes and build lives in the American Midwest for a variety of reasons. Perhaps they embrace the warmth of community, along with the flavor of a good hot dish. Or maybe they appreciate the ability to experience the pleasures of changing seasons.
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Whatever their reason, many of them have a common goal — to earn and save enough money to live comfortably within the middle class.
To help you determine how much you need to live within the middle class in these Midwest states, GOBankingRates took a look at the numbers and found a wide range of amounts. Read on for a breakdown of all 12 states.
Illinois
Median Household Income: $78,433
Lowest End of Middle Class Income: $52,283
Highest End of Middle Class Income: $156,866
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Indiana
Median Household Income: $67,173
Lowest End of Middle Class Income: $44,778
Highest End of Middle Class Income: $134,346
Iowa
Median Household Income: $70,571
Lowest End of Middle Class Income: $47,043
Highest End of Middle Class Income: $141,142
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Kansas
Median Household Income: $69,747
Lowest End of Middle Class Income: $46,493
Highest End of Middle Class Income: $139,494
Michigan
Median Household Income: $68,505
Lowest End of Middle Class Income: $45,665
Highest End of Middle Class Income: $137,010
Minnesota
Median Household Income: $84,313
Lowest End of Middle Class Income: $56,203
Highest End of Middle Class Income: $168,626
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Missouri
Median Household Income: $65,920
Lowest End of Middle Class Income: $43,942
Highest End of Middle Class Income: $131,840
Nebraska
Median Household Income: $71,722
Lowest End of Middle Class Income: $47,810
Highest End of Middle Class Income: $143,444
North Dakota
Median Household Income: $73,959
Lowest End of Middle Class Income: $49,301
Highest End of Middle Class Income: $147,918
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Ohio
Median Household Income: $66,990
Lowest End of Middle Class Income: $44,656
Highest End of Middle Class Income: $133,980
South Dakota
Median Household Income: $69,457
Lowest End of Middle Class Income: $46,300
Highest End of Middle Class Income: $138,914
Wisconsin
Median Household Income: $72,458
Lowest End of Middle Class Income: $48,301
Highest End of Middle Class Income: $144,916
Methodology: For this piece GOBankingRates used the 2022 American Communit Survey as conducted by the US Census Bureau to isolate the median household income of all Southern states (IL, IN, IA, KS, MI, MN, MO, NE, ND, OH, SD, and WI). Once those figures were found GOBankingRates was able to determine middle-class income of the state under the definition that middle-class income is two/thirds to double the income of a given area. All data was collected and is up to date as of May 6, 2024.
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This article originally appeared on GOBankingRates.com: How Much You Need To Be Middle Class in These 12 Midwest States
