A recent study conducted by personal finance site SmartAsset delves into the financial landscape of middle-class America in 2024, examining income thresholds across all 50 states and 345 major cities. Utilizing data from reputable sources such as the U.S. Census Bureau and the Pew Research Center, the study sheds light on the evolving dynamics of income and living costs.

Understanding Middle-Class Income Limits

According to SmartAsset’s findings, the middle-class income in a typical large U.S. city falls within the range of $52,000 to $155,000 annually. Across the 345 cities analyzed, the median household income stands at $77,345. This places the boundaries of middle-class income between $51,558 and $154,590 nationwide. Notably, these figures vary from state to state.

Texas: Middle-Class Income Trends

In the Lone Star State, the average middle-class income mirrors the national trend but slightly dips below. With a median household income of $72,284, Texas ranks 24th among states in terms of income. The middle-class income range in Texas spans from $48,185 to $144,568, as reported by the U.S. Census Bureau.

Notable Cities in Texas

Frisco and Allen, two cities in North Texas, stand out for their relatively high middle-class thresholds. Frisco claims the eighth position on the list, boasting a median household income of $145,914. For Frisco residents, the middle class spans from $97,266 to $291,828. Meanwhile, Allen secures the 21st spot, with a median household income of $121,127 and middle-class income ranging from $80,743 to $242,254.

In contrast, larger cities like Dallas and Fort Worth exhibit more modest middle-class income ranges. Dallas, ranked 213th, records a median household income of $65,400, with the middle class spanning from $43,596 to $130,800. Similarly, Fort Worth, positioned at 184th, reports a median household income of $71,527, with middle-class earnings ranging between $47,680 and $143,054.

For a comprehensive list of middle-class thresholds across U.S. cities, refer to SmartAsset’s complete report.

FOX Digital contributed to this report.

Conclusion: Navigating Middle-Class Finances

As the cost of living continues to fluctuate across the nation, understanding the parameters of middle-class income becomes increasingly vital for American families. With insights from studies like SmartAsset’s, individuals can better navigate their financial journey and make informed decisions to secure their economic well-being.

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