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Economic Study

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economy1 year ago

What It Takes to Be Middle Class in Every U.S. State

A study by GoBankingRates reveals that the income needed to be considered middle class in Alabama is $39,739, significantly lower than the national average. The upper limit for middle class income in Alabama is $119,218. Over the past decade, the income required to qualify as middle class in Alabama has increased by 38.1%, which is below the national average increase of 41.7%.