NEW YORK (PIX11) -- New York can be an expensive state to live in, and the income range to be considered middle-class in the state continues to grow, according to a new study.
Using the 2022 U.S. Census Bureau’s American Community Survey, GOBankingRates determined the salary needed to be considered middle class in each state in a new study. To be considered middle class, you must have "an annual household income that is two-thirds to double the median income," GOBankingRates said.
In New York the income range to be considered middle-class is $54,257 to $162,772, according to the study. That is an increase of around 41% over the last decade, jumping up from the range of $38,455 to $115,366.
The range increased in New Jersey, with the middle-class range being $64,751 to $194,252. This was only about a 35.5% increase from 2012, when the range to be considered middle class was $47,758 to $143,274.
Oregon had the biggest change in the last 10 years, with the middle-class income range increasing by over 50%, while Alaska had the lowest increase of around 23.5%, according to the study.
According to the study, West Virginia has the lowest salary to be considered middle-class, at $36,811. One of West Virginia's neighbors, Maryland, has the highest, at $196,922.
The full study can be found here.
Jonathan Rizk is a digital journalist who has covered local news in New York City and Washington, D.C. He has been with PIX11 since August 2022. See more of his work here, and follow him on X and Facebook @OfficialRizk. Get in touch at [email protected].
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