Reply to Can we stop referring to households making $200 or 300K a year as "middle class"?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Check out this article from huffing ton post.

http://www.huffingtonpost.com/2015/01/26/1-percent-in-each-state-map_n_6548222.html

To be one percent in dc you need hhi of $555k[/quote]

Are there percentile or COL definitions for LMC, MC, UMC, etc.?  We can all argue till the cows come home about how we "feel" but willing to bet few on this board are actual economists.  But surely someone out there has tackled this problem.  Obviously there is no one-size-fits-all solution for the country.[/quote]

Here's data from 2012.

http://www.hughcalc.org/midclass.php

City/State/Metro Area                                 Median       Middle Class Range
BETHESDA-ROCKVILLE-FREDERICK, MD	113,400	( 75,600 to 226,800 )

WASHINGTON-ARLINGTON-ALEXANDRIA      105,700	( 70,466 to 211,400 )
DC-VA-MD-WV	[/quote]

I cant vouch for the credibility (from an economics standpoint) but I've seen this analysis before and the approach makes sense to me.  There is always difficulty in fitting continuous data to categories.  People at either end of the spectrum ($75k vs.$225k) are likely to have different views on how they are doing.  There's also a much larger spread (some might say disparity) in the data in a city like DC compared to other smaller, more homogeneous metropolitan areas. In Syracuse, NY, for instance, the  middle class would fall from $44-133k).[/quote]

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