Are you considered "middle class" by California standards?A study by Consumer Affairs has tabulated the minimum annual income require for a family of four to be considered middle class in each state, and in California, that income is $69,064. It's quite a few notches below the state with the most expensive income for middle class - Hawaii - where a family of four would need to rake in $82,630. Washington D.C.
In the two decades since the mid-2000s, it has shrunk from roughly 60%, in part due to demographic changes as the population has seen a particularly steep increase at the extreme bottom and top of the economic spectrum."To get these results, analysts used a calculator provided by the Pew Research Center and an inflation calculator provided by the U.S. Bureau of Labor Statistics.The study found that since 2020, inflation has surged substantially, peaking at 9% in June 2022.