Wondering where you land on the economic spectrum? It can be tricky to pin down whether you consider yourself middle class, lower class or something else entirely.
Using income alone to define “class” doesn’t always tell the whole story, but it’s a helpful starting point. According to Pew Research, income levels and household size play a big role in determining where you might fit.
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Here’s a breakdown and some real-world numbers to help you figure it out.
Lower Class
The lower class is usually defined as households earning less than two-thirds of the median income. For many, this means struggling to cover essential expenses like housing, food and health care.
What the Numbers Say:
Income range: Generally under $50,000 annually for most households.
Specific thresholds for a three-person household:
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Nationally: Less than $56,600 annually.
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By state: As low as $35,142 in Mississippi.
Signs You Might Be Here:
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You’re living paycheck to paycheck.
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It’s hard to save for emergencies or retirement.
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Things like medical care, transportation or rent stretch your budget to the limit.
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Middle Class
The middle class is broad and often described as the financial “sweet spot.” This group covers a huge range of incomes, but the key is a sense of stability – though it might not always feel secure.
What the Numbers Say:
Income range: Between two-thirds and double the median income or roughly $50,000 to $150,000 annually.
Specific thresholds for a three-person household:
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Nationally: $56,600 to $169,800.
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By state: In New Jersey, $64,224 to $192,692. In Mississippi, $35,142 to $105,438.
Signs You’re Middle Class:
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You’re paying bills comfortably and affording occasional extras, like vacations or dining out.
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Big expenses like college or buying a home are stressful but achievable.
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You’re saving for the future, but not as much as you’d like.
Upper Class
The upper class isn’t just about a big paycheck – it’s often tied to assets like investments, real estate or business income. According to Motley Fool, the upper class has an average net worth of $793,120 to $2.65 million.
These households usually earn more than double the median income and experience greater financial flexibility.
What the Numbers Say:
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