Monday, May 16, 2016

Trends in Economic Status by Metropolitan Area

Are you in the upper, middle, or lower class in your metropolitan area? You can find out with this nifty calculator created by Pew Research Center. Choose your metropolitan area, input your household income and size, and determine your economic status—in your city.

If you find yourself in the middle class, you're part of a shrinking majority. Nationally, the percentage of Americans living in middle-income households fell from 55 to 51 percent between 2000 and 2014, according to Pew. Middle income is defined as having a household income ranging from two-thirds to twice the overall median after adjusting for household size. In its analysis of 229 individual metropolitan areas, Pew documents a decline in the middle-income share of households in 203 metro areas (89 percent). As the middle class shrinks, the upper or lower classes (or both) have to grow. In 160 metro areas, the lower class increased as a share of the total. In 172 metro areas, the upper class share grew.

Nationally, the percentage of adults in the upper class climbed from 17 to 20 percent between 2000 and 2014, and the percentage in the lower class climbed from 28 to 29 percent.

Source: Pew Research Center, America's Shrinking Middle Class: A Closer Look at Changes within Metropolitan Areas

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