Reply to Where do you draw the line between upper middle class and upper class?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think 300K HH income is the approximate cutoff for not longer "middle" class and entry level for wealthy.  That's the top 5% of households. An individual earner (not combined) making $300K is at the 98th percentile.  I don't think if the spouse is not working or working only part-time because they feel the time working isn't worth it is somehow "foregoing" higher status.  You're making a choice that only a very privileged few have, the "sacrifice" is "merely" living very comfortably.

And before someone says "income is not wealth" I think everyone with a net worth of $3 million and/or a household income of $300K or more is wealthy.  [/quote]

300k HHI is fairly standard and average for the DC area. It's a good income and one that I personally lived with a long time, but it's not wealthy and it's not even a UMC lifestyle in many cities.

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I kinda think this too but all the official data has both average and median income around $120K-$150K. So $300 is double the high end.[/quote]

7% of households in Maryland and 7% of households in Virginia earn more than 300K year or more.  A single digit percentage is not "fairly average."  The percentage is under 10% in every state.

https://worldpopulationreview.com/state-rankings/percentage-of-households-making-over-300k

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