You need to make this much to be 'middle class' in Arizona (2024)

FAQs

You need to make this much to be 'middle class' in Arizona? ›

While ZipRecruiter is seeing salaries as high as $302,374 and as low as $18,959, the majority of salaries within the Lower Middle Class jobs category currently range between $36,945 (25th percentile) to $85,559 (75th percentile) with top earners (90th percentile) making $125,907 annually in Phoenix.

While ZipRecruiter is seeing salaries as high as $302,374 and as low as $18,959, the majority of salaries within the Lower Middle Class jobs category currently range between $36,945 (25th percentile) to $85,559 (75th percentile) with top earners (90th percentile) making $125,907 annually in Phoenix.

In a large U.S. city, a middle-class income averages between $52,000 and $155,000. The median household income across all 345 cities is $77,345, making middle-class income limits fall between $51,558 and $154,590.

It takes an hourly wage of $40.24 or an annual salary of $83,699 for a single adult to sustain comfortable living standards. For a household of four, it takes about $215,000.

In Arizona, the cutoff for being in the top 1% of earners was $485,146 in 2020.

The median salary in Phoenix, AZ is $56,550, with 80% of salaries falling between $26,299 and $130,500.

Where you rank by income. According to the Census Bureau's Income in the United States: 2022 report, the median household income is $74,580 (a 2.3% decline from 2021), while household income levels for each class level are as follows: Lower class: less than or equal to $30,000. Lower-middle class: $30,001 – $58,020.

With New Jersey ranking as the top state to make the most money to be considered middle class, other states ranking in the top five requiring salaries exceeding $50,000 to be in this category include Maryland ($63,321) and Massachusetts ($62,986), Hawaii ($61,633) and California ($61,028).

Middle class: Those in the 40th to 60th percentile of household income, ranging from $55,001 to $89,744. Upper middle class: Households in the 60th to 80th percentile, with incomes between $89,745 and $149,131. Upper class: The top 20% of earners, with household incomes of $149,132 or more.

What salary is considered low income in Arizona? ›

For monthly income, if an individual earns less than $2309 each month, they are considered low income. If a household earns less than $4,395 per month, they are considered low-income. In the state of Arizona, 12.8% of the population lives in poverty.

The Census Bureau data finds that householders under 25 have a median household income of $41,571; householders aged 24 to 44 years old have a median income of $68,566; those aged 45 to 64 years old have a median income of $73,234; and those 65 and older have a median income of $46,856.

The Arizona minimum wage increased from $13.85 per hour to $14.35 per hour. The latest increase took effect on January 1, 2024, and will remain in effect until December 31, 2024.

Arizona is the third most affordable state to live in, despite near-record home prices and rents.

Average Cost of Living in Arizona: $44,875 per year

Arizona ranks 37th when it comes to which states have the lowest cost of living, according to MERIC's 2022 Cost of Living Index . If you're looking to move to the Southwest, New Mexico is a much more affordable option.

The national median for living comfortably alone is $89,461, which suggests that a 50/30/20 budget might not be practical for most single people.

As of May 20, 2024, the average annual pay for a $75000 in Arizona is $62,510 a year. Just in case you need a simple salary calculator, that works out to be approximately $30.05 an hour. This is the equivalent of $1,202/week or $5,209/month.

By the Census data, it means that if you earn between $50,000 and $150,000 a year, you are considered middle class. It's a pretty straightforward answer, but it isn't particularly helpful if you're trying to climb up out of a lower income bracket into the middle class.