By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider Let's call them "super rich.". In contrast areas with the lowest shares of low income households include suburban Megalopolis, Minneapolis and Chicago, and the Pacific coastal metropolitan areas in general. Maryland has one of the highest median incomes in the nation, but its top 10% still earn 219.5% more. In Mississippi, an individual earning $41,754 is definitely middle class, but … Were you surprised by any of these? Learn more about this title and Joel's other books, COVID Deaths & High Urban Population Densities (October 5 Update), Virtual Town Hall – Middle Class Survival Strategies, Feudal Future Podcast — Fred and Harry Siegel, Feudal Future Podcast — How COVID is Shifting Corporate Location Strategy with Jay Garner, COVID Deaths & High Urban Population Densities (September 13 Update), How COVID is Shaping the Office of the Future with Gensler's Kirstie Acevedo & Jim Young, Feudal Future Podcast — Making Sense Of Urban Density, Death Rates & Dispersion With Wendell Cox. States were ranked from the smallest salaries earned by the top 10% to the largest. At $213,712, that disparity translates to 280.8%. Do you doubt? For such a commonly-discussed group, there is surprisingly little consensus on how to define the group. Mississippi Household Income. In Sheboygan, Wisc., the middle class makes up about 65% of the population. Mississippi. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Two are Hispanic and one American Indian. Subscriber Alaska has the smallest spread between its top 10% earners and its median income in the entire country, at just 190.8%. During his time as an advisor, Csiszar managed over $100 million in client assets while providing individualized investment plans for hundreds of clients. And how you define middle class determines who falls into it. We promise. Median earners in Vermont pull down over $60,000, but the top 10% earns $129,344, amounting to a spread of 215.3%. They are well represented across the South, most prominently in TX, OK, TN, and VA, but far more pervasive in the Midwest, most notably in MN (greater Minneapolis), WI, IA, MO, IL, IN, and to some degree around cities that still have an industrial base and/or a productive hinterland. Using annual incomes and the cost of living around the country as barometers, the experts at the Pew Research Center have concluded that 52% of Americans qualify as middle class—but that portion can vary widely depending where you live. Account active While it could be argued that my $40 to $100k range is too narrow for middle classes, I don’t think so, at least for most areas, and I feel that the data reveal the income polarization of American society, with middle classes getting squeezed by the rising shares of the poorer and richer. From state to state, the cost of living varies significantly. Click, You can unsubscribe at any time, for more info read our. The prices you want. We won't even ask for your phone number. And for the richest one-fifth of Americans, earnings vary widely as well. The Urban State of Mind: Meditations on the City, Poverty and Growth: Retro-Urbanists Cling to the Myth of Suburban Decline. And on that note, please nominate your favorite local business that could use some love right now: Though Daniella was born in New York and has lived in a couple of other states, Mississippi has been her home for the past 25 years. In table 2 I list the 45 counties with 46 to 64% middle income shares. Optional: You can also choose comparison states and show the income curve head to head. Infinite Suburbia is the culmination of the MIT Norman B. Leventhal Center for Advanced Urbanism's yearlong study of the future of suburban development. Then a visitor would get a true idea of where poverty exists in America. In West Virginia, the top 10% earns 239.1% — or $107,410 — more than the median income. Learn more about this title and Joel's other books. Virginia’s top 10% of earners enjoy wages a significant 244.4% above the state’s median income. As if this were not scary enough, consider the relation between these income figures and how Americans voted in for president in 2012.
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