In today's day and age, it can seriously feel like the middle class has completely disappeared, especially in a state like Maryland.
But technically there still is a middle-class category. Read on to find out how much you need to earn to be considered a part of it.
According to research done by CNBC, data from the U.S. Census Bureau has determined what a middle-class income really looks like for the 20 most populous U.S. metros in the year 2023.
For the Maryland metro areas of Baltimore, Columbia, and Towson, the minimum income needed to be considered middle class is $58,000. If you’re an average 4-person family making that, you are probably still struggling.
The income cap to be considered middle class is $173,000 a year. Anything over that and your family is considered "upper middle class."
If you’re still wondering where your household or individual income falls, you can check out the CNN Money interactive calculator that lets you find out based on your annual income and which county you live in.