A recent study has determined the minimum annual income required for a family of four to be considered middle class in each state. See where Washington ranks.
A recent study determined the minimum annual income required for a family of four to be considered middle class in each state.The middle class is capturing a lower share of income than in the 1960s, 1970s, and 1980s, according to Oliver Rust, head of product at independent inflation data aggregator Truflation.
Consumer Affairs found that number by using a calculator provided by the Pew Research Center and an inflation calculator provided by the U.S. Bureau of Labor Statistics.Hawaii tops the list, with an annual income of $82,630 required to be considered middle class. D.C. is tied with New York in second place, at $81,396. New Jersey and New York are tied for third, and Massachusetts ranks 4th at $76,463.
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