What is Middle Class?
The middle class, a term with varying definitions, typically refers to a social and economic group situated between the upper and lower classes. It encompasses individuals with professional qualifications, business owners, and skilled workers. Regarding income, the middle class in the United States is often identified as households earning between 75% and 200% of the median national income. However, it’s important to note that the definition of middle class can vary significantly from state to state and even city to city, reflecting differences in cost of living, median incomes, and economic conditions. This variability means that the income range defining the middle class in one area might not apply in another, making it a localized, as well as a national, concept.
What is Middle Class Income in Oklahoma?
Middle class income in Oklahoma can vary depending on individual circumstances, household size, and location. However, based on the latest available data from the U.S. Census Bureau, a household in Oklahoma would generally be considered middle class if it earns anywhere between $40,754 and $152,284 annually. It’s important to note that these figures are subject to change and can fluctuate based on inflation and other factors.
Here’s Middle class income ranges for Oklahoma families:
| Family Size | Income Range |
|---|---|
| 2-person | $40,754 to $121,654 |
| 3-person | $44,458 to $132,710 |
| 4-person | $51,015 to $152,284 |
Use the Income Calculator to Get Accurate Range
Just follow these easy steps:
- Select Your Household Size: Click on the drop-down menu labeled ‘Household Size’ and choose the number of people in your household.
- Choose Your State: Click on the drop-down menu labeled ‘State’ and select the state you currently reside in.
- Enter Your Income: Click on the text box under ‘Household Income Before Taxes’ and type in your total household income before taxes.
- Calculate: Once all the information has been entered, click the blue ‘Calculate’ button to see your income tier.
The results will give you a better understanding of where your household income stands on the income tier scale for your specific state and household size. please note that if you want to recalculate, you’ll need to click “Calculate” button again.
Income Tier Calculator
What is Median Household Income in Oklahoma?
In Oklahoma, The median household income in Oklahoma is $61,364, with an average household income of $84,402, reflecting the general economic status of the state. However, the top zip codes, such as 73025 with a mean income of $232,751, demonstrate a significant income disparity.
Per capita income in Oklahoma is $33,630, and only 6.3% of households are classified as high-income, earning over $200,000 annually. Income distribution also varies with age, where households headed by individuals aged 25 to 44 earn a median of $68,367, slightly higher than the state’s median, indicating a younger, working demographic. These statistics highlight a distinct divide between the most affluent areas and the broader economic reality, underlining the varied income spectrum within Oklahoma. To contrast this with a neighboring state, consider exploring the income in Texas, where the economic landscape presents different trends and figures.
