Personal Finance

Here's How Much You Need To Make To Be Middle Class In VA: Report

How much does the middle class earn in Virginia? A new report pulling U.S. Census data seeks to answer that question.

How much does the middle class earn in Virginia? A new report pulling U.S. Census data seeks to answer that question
How much does the middle class earn in Virginia? A new report pulling U.S. Census data seeks to answer that question (Shutterstock)

VIRGINIA — How much does someone in Virginia need to earn to be a part of the middle class?

Nearly 40 percent more than what it took to land in the middle class just over a decade ago, according to a new report using U.S. Census Bureau data conducted by GOBankingRules.

While a household income of $35,364 qualified the average American as a member of the middle class in 2012, the threshold number has increased to $50,099 in 2022, according to the report. That’s a 41.6 percent increase over 10 years.

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And though the highest household middle class income was considered to be $106,092 in 2012, the national high end of the middle class household marker now stands at $150,298 in 2022, the report added.

However, as the study points out, the middle class requirements for each state vary.

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Maryland has the highest household income needed to be middle class. As of 2022, $65,641 is the lowest household income that qualifies you to be considered middle class in the state.

In Virginia, the 2012 middle-class income range of $42,424 to $127,272 has increased 37.11 percent to $58,166 to $174,498 in 2022.

Mississippi reports the lowest household income needed to be middle class, with a $35,323 salary considered to be the middle class benchmark in the state in 2022.

Oregon saw the biggest increase in the household income needed to be middle class, with a 53.15 percent increase from 2012 to 2022; Alaska saw the smallest change within the decade, with the household income needed to be middle class in Alaska increasing by just 23.53 percent from 2012 to 2022.

You can read the full report from GOBankingRules here.


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