A new study has figured out the minimum annual income required for a family of four to be considered middle class in each state – and the NYC area shouldn't be surprised that these numbers are sky-high for the Tri-State.JUMP TO: NEW YORK l NEW JERSEY l CONNECTICUTThe middle class is capturing a lower share of income than in the 1960s, 1970s, and 1980s, according to Oliver Rust, head of product at independent inflation data aggregator Truflation.
So what is the minimum annual income required in 2023 for a family of four to be middle class in NY, NJ and CT? Consumer Affairs found that number by using a calculator provided by the Pew Research Center and an inflation calculator provided by the U.S. Bureau of Labor Statistics.MORE: How much money you need to 'live comfortably' in NYCHawaii tops the list, with an annual income of $82,630 required to be considered middle class. D.C. is tied with New York in second place, at $81,396.
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