All articles tagged with #smartasset
Living comfortably in Texas in 2025 requires an average income of $90,771 for individuals and $204,922 for families of four, reflecting increases due to inflation, with Texas ranking 31st and 40th nationally for income needs respectively.
SmartAsset's annual study reveals that a single resident in Washington D.C. needs to make $99,424, while a couple requires a combined $275,642 to live comfortably, based on the MIT Living Wage Calculator's 50/30/20 rule. The study also shows that on average, an individual needs $96,500 for sustainable comfort in major U.S. cities, with New York City being the most expensive. Families in D.C. need an average combined income of about $235,000 to support two adults and two children. The study also highlights the hourly wages and annual salaries needed for a single adult and families to live comfortably in the top 10 most expensive cities, with seven of them located in California.
SmartAsset ranked U.S. states (excluding Florida) based on eight health variables for people aged 65 and older, with New Hampshire coming out on top for senior health, while Louisiana ranked last. Factors considered included obesity, smoking, arthritis, mental distress, cognitive decline, disability status, and leisure-time activity. The study found that New Hampshire, Hawaii, and Vermont have the healthiest seniors, while states in the South generally ranked lower for senior health.
According to an analysis by SmartAsset, Indiana ranks 42nd among states for the income threshold required for a household to be in the top 1% of earners, with a threshold of $473,685 compared to the national threshold of $652,657. The analysis also revealed that Washington D.C. has the highest income threshold for the top 1%, surpassing $1 million. While residents in more urban states tend to earn more, the higher cost of living offsets those larger incomes.
According to a recent study by SmartAsset, Chicago residents need to earn an annual income of $172,600 to have the same purchasing power as the average American earning $100,000. The analysis shows that Chicago residents have more purchasing power than those living in cities such as Honolulu, New York, and San Francisco. However, it's still a far cry from many cities in the South, where incomes totaling a lot less feel like much more due to lower taxes and cheaper costs of living. SmartAsset used data from the Council for Community & Economic Research to adjust for cost of living.
New data from SmartAsset shows that there is a nearly $100,000 disparity between household incomes required to be considered middle class in cities across the United States. The data was compiled using the US Census Bureau's American Community Survey and compared the top and bottom thresholds of the middle class across 100 cities, along with the across all fifty states. The west coast dominated the list of wealthiest cities for the middle class, with California cities taking four of the top 10 spots, Arizona cities taking three, and Washington claiming one. Americans facing rising inflation have become nostalgic for prices from just two years ago.
A new study from SmartAsset shows that middle class income ranges vary widely across the largest 100 U.S. cities. Fremont, California, has the highest-earning middle class with those earning up to $311,936 still falling in the middle-income range there. SmartAsset used a variation of Pew’s middle class calculation to determine where middle class Americans are making the most money. High local median incomes tend to correlate with high costs of living.
Consumer finance site SmartAsset analyzed the high and low-end of middle-class salaries in 100 large cities and every state using 2021 U.S. Census Bureau data, adopting what the Pew Research Center defines as "middle class" (Americans whose income ranges from two-thirds to two times the median household income.) In Arizona, Gilbert has the highest median household income of $104,802, and a middle-class income ranges from $70,217 to $209,604, while Tucson ranks 89th, with a middle-class income range from $33,705 to $100,612. Nationwide, a national salary range for a three-person household was around $52,000 to $156,000.
Consumer finance site SmartAsset analyzed the high and low-end of middle-class salaries in 100 large cities and every state using 2021 U.S. Census Bureau data, adopting what the Pew Research Center defines as "middle class." In Milwaukee, middle-class incomes range from $31,257 to $93,274, with a median household income of $46,637. Meanwhile, in San Francisco, middle-class incomes range from $81,623 to $243,652. Fremont, California was ranked the wealthiest middle class of any large jurisdiction in America, while Cleveland ranked last out of 100.
Consumer finance site SmartAsset analyzed the high and low-end of middle-class salaries in 100 large cities and every state using 2021 U.S. Census Bureau data, adopting what the Pew Research Center defines as "middle class." In Texas, you need to make between $44,865 and $133,926 to fall into middle class. Plano ranked 9th among cities for middle-class income with a range from $63,651 and $190,004. Three out of the top five cities with the highest income thresholds for the middle class are located in the California Bay Area.
According to an analysis of 2021 U.S. Census Bureau data by SmartAsset, it takes an income of $36,175 per year to be considered middle class in Albuquerque, with the upper limit at about $108,000. This is relatively low compared to other major cities, with Freemont, California having the highest middle class income at over $104,000. However, there is no agreed-upon definition of 'middle class' and being in the middle class doesn't necessarily mean a higher quality of life.
A new study by SmartAsset reveals that the income required to be considered middle class varies greatly across the United States. The study uses a Pew Research Center definition of middle class, which ranges from two-thirds to two times the median household income. The report found that the income required to be middle class in San Francisco is $82,000, while in Cleveland it is only $24,000. The study may be useful for those living in or considering moving to a big city, as it provides a gauge of how far one's salary might go and how relatively prosperous one might feel.
A new study by SmartAsset has found that the income required to be considered middle class varies greatly across the United States, with San Francisco requiring $82,000, Seattle requiring $74,000, and Washington, D.C. requiring $60,000, while Cleveland only requires $24,000. The study used the Pew Research Center's definition of middle class, which ranges from two-thirds to two times the median household income. The report provides a gauge of how far one's salary might go and how relatively prosperous one might feel in different cities. Pew's analysis shows that the share of American adults who populate the middle class shrank from 61% in 1971 to 50% in 2021.
Portland ranks 25th out of 100 metro areas for the highest yearly income needed to be considered middle class, according to a study by financial tech company SmartAsset. The study used data from sources like the Pew Research Center and Zillow. The middle-income lower limit in Portland is $52,968, while the upper limit is $158,114. Many of the top cities for middle-income limits are along the West Coast, with Fremont, California, taking the top spot. Reaching the middle class is most challenging in tech cities like Seattle, which ranks fifth on the list.
Financial technology company SmartAsset has released its 2023 Best Housing Markets for Growth and Stability study, comparing home value data for 400 metropolitan areas between 1998 and 2022. The study found that home prices increased an average of 154.46% between 1998 and 2022. The top 20 list for the best housing markets for growth and sustainability includes five cities in the West, with Austin, Texas, taking the top spot. Meanwhile, no cities in the West made the list of the worst housing markets for growth and stability.