Which U.S. City Is Hardest To Attain Middle-Class Status?

Opinions expressed by Entrepreneur contributors are their very own.

Over the previous 50 years, the inhabitants of Individuals dwelling in middle-class households decreased by over 10%, in response to Pew Analysis Heart, and because the hole between wealthy and poor grows wider, some American cities are harder to achieve middle-class standing than others.

A examine by SmartAsset calculated the decrease and higher bounds of what it takes to be middle-class in 100 American cities throughout all 50 states and located that one space significantly dominated the rankings: 5 of the highest 10 cities with the very best middle-class ceilings had been tech cities.

Town with the very best threshold to be thought-about middle-class was Fremont, CA, with a decrease restrict of $104,499 and upper-bound of $311,936. Fremont was additionally the one metropolis within the U.S. with a six-figure wage because the decrease restrict to be thought-about middle-class and is sort of $20,000 forward of its successor, San Jose, which has a decrease sure of $84,673 an higher sure of $252,754 for middle-class standing.

Different tech cities that dominated the rankings had been San Francisco at No. 4, Seattle at No. 5, and Irvine at No. 6.

Associated: If You Need to Break Out of the Center Class, Keep away from These Cash Habits

The excessive ceiling for middle-class standing in tech cities might largely be attributed to the high-paying tech jobs. In Fremont, for instance, practically one-tenth of the inhabitants works for Tesla.

Moreover, the muse of the native financial system contributed to almost all the cities being among the many ranks for highest middle-class ceilings. Arlington, VA got here in at No. 3 and is house to a variety of federal authorities staff because of its proximity to Washington D.C.

Different locations like Piano, TX (No. 9) and Chandler, AZ (No. 10) are supported by a robust presence of big-name banks equivalent to JP Morgan Chase and Wells Fargo.

Share on facebook
Share on twitter
Share on linkedin

Related Posts

Table of Contents

Find our article helpful?

Join our newsletter!

Scroll to Top