What is the Middle Class and Are You in the Middle Class?

Posted on:  05/13/2023
What is the Middle Class and Are You in the Middle Class?

What is the middle class and are you in the middle class?  To figure out if you are in the middle class, we need to know the median household income, how many people are in your household, and where you live. 

Middle class calculator

Middle class calculator

The starting point is the median household income. We get this number from the US Census Bureau. The range for the middle class is 2/3 of the median household income, and 2. As percentages that would be 67% and 200%. I show this in Excel. Two other items figure into the middle class are how many people are in your household and where you live. Having 3 people in your household is a lot different than having six people in your household. Living in Marietta, GA is way less expensive than living in San Franciso, CA, or New York City. So, the number of household members and where you live to tie into the middle class and make the middle tier move. 

Excel Median Income from Census Bureau

Excel Median Income from Census Bureau

Link to the Middle-Class calculator

https://www.pewresearch.org/short-reads/2020/07/23/are-you-in-the-american-middle-class/

YouTube Video - Are you Middle Class?

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Chris Menard

Chris Menard is a certified Microsoft Trainer (MCT) and works as a full-time Trainer at BakerHostetler - one of the largest law firms in the US. He runs a YouTube channel with 900+ technology videos that cover various tools such as Excel, Word, Zoom, Teams, Gmail, Google Calendar, and Outlook. To date, the channel has helped over 18 million viewers. Menard also does 2 to 3 public speaking events every year, presenting at the Administrative Professional Conference (APC), the EA Ignite Conference, the Support Staff Conference, the University of Georgia, and CPA conferences. You can connect with him on LinkedIn at chrismenardtraining.com/linked or watch his videos on YouTube at chrismenardtraining.com/youtube.

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