How Much do You Have to Make to be ‘Middle Class’ in Minnesota?
What even is 'middle class'? And how much do you have to make in order to be considered 'middle class'? Thanks to Pew Research Center, we've got the numbers for just how much you have to make in order to be considered middle class in each state, including in Minnesota.
So What is 'Middle Class'?
Pew Research Center defines middle class as, "households that earn between two-thirds and double the median U.S. household income".
So in today's numbers, how much money is that?
How Much Money You Need to Make to be 'Middle Class'
Using the research from Pew Research Center, there's a big range in how much you need to make in order to be considered middle class.
Before we get to Minnesota's numbers, which state is the most expensive to be middle class and which state is the least expensive?
Not terribly surprisingly, Hawaii is the most expensive state to be middle class. A single person would need to make $30,895 - $92,684 per year to be considered middle class. A couple would have to make $43,692 - $131,075 and for a family of four the range is $61,789 - $185,367.
As for the cheapest state to be middle class, that title goes to South Dakota. In order to be considered middle class in South Dakota, a single person would have to make $23,040 - $69,121, a couple would have to make $32,584 - $97,752, and a family of four would have to make $46,081 - $138,243. The difference between Hawaii and South Dakota is crazy!
Middle Class in Minnesota
Thankfully, in order to be considered middle class in Minnesota we're much closer to South Dakota's numbers.
In Minnesota, in order to be considered middle class, a single person would have to make $25,441 - $76,323, a couple would have to make $35,979 - $107,937, and a family of four would have to make $50,882 - $152,646.