Inspired by a poll I can't remember: If someone has an annual income of 100k, do you consider them Upper Class? If not, how much does someone need to earn annually to be Upper Class?
Like most people have already mentioned, it really just depends. If you're single and you make 100k plus in rural area, that's probably upper class. However, if you live in a larger urban area where property is more expensive then probably not.
$100k/year is decent money, but not necessarily upper class. Depends on where one lives, how many dependents they have, how much debt/how many obligations, etc. For a single person with little debt and no dependents, it's upper middle class for sure.
If you consider the amount of taxes on 100k, that hardly puts you in upperclass territory. At least here in NY. You'd need to make 250-300k to really live like the upperclass.
I think that it really depends on where you live.
I think upper class isn't about how much a person makes but how much they can lose and not be effected by it. If you can lose $100,000 and not bat an eye-you're upper class.
I'd put it at $400-$500K. It's sad that the government put it at something like $120k.
$100? No way.
Family income over $250k/yr (or close to that depending on where you live)
These definitions are very interesting. I'd say it friends in where you live and it's obviously hard to define. $100,000 is not middle class here.
$350k and above.
Upper middle class. $200k for upper class.
Where I live yes but in other places maybe not
Depending on where you live, $500,000/yr may qualify you.
But keep in mind some people make that every day.
That's the figure I was thinking too.
That is about right. Also, few make this every year. At this amount, there is a lot of year to year variability due to investments, bonus, business, etc.
Middle class ends at like 70k here so yeah, they're a safe upper class to me.
It depends on where you live. I wouldn't call 100k upper class in LA. Not even close.
But if you live in BFE where you can get an 8,000 sq ft. house on 10 acres for 200k, bet your ass you're upper class!
I was just going to say that!
Buttfuck Egypt. Aka the middle of nowhere
You mean West Bum Fuck
We call it Easf Bumble F*** here.
Growing up I would've said probably, but nowadays, I'm thinking closer to $150K.
Hate to say... These days 100k is middle Class
I'd say starting at 400k would be upper
Yep, I think 500K
Not in New York. In New York, I'd say at least $350,000/year for lower-upper, $450,000/year for middle-upper, and $550,000+ for upper-upper.
It depends on where they live, how many people are in their household, and a variety of other factors.
The taxes here are rough.
Indeed, they are.
In NY it's lower middle class
Same in L.A.
Upper class is 350 plus
That's the number I think of!
I agree with that number as well. We are well in excess of 100k, and I wondered if I had 300 in my head because I was over 100k. I expect your "upper class" number increases with your salary.
Yes. That is likely very true.
I usually think that's middle class. My parents income was higher, and I still thought we were middle class.
Individually yes, as a couple that amount is a no
Good point. I should have specified household.
My husband makes almost that much, individually, but I'd still say we're middle class. We can afford a house, two cars, and the occasional vacation. But nothing extravagant.
How much do you make on top of his though
The answer is, not a whole lot. I'm a teacher in Arizona, which is near the bottom in teacher pay.
Preaching to the choir, wife and I are both teachers here