Oklahoma City Middle-Class Income Range Revealed in Latest Study

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ICARO Media Group
Politics
28/10/2023 20h13

In a recent study conducted by Pew Research Center, the definition and income range for the middle class in Oklahoma City have been outlined. The study examines the income levels needed to be considered part of the middle class, taking into account the cost of living and household sizes.

According to the U.S. Census Bureau's latest available household income data, a household in Oklahoma City can be classified as "middle class" if it earns anywhere between $39,984 and $119,358. This range, while quite broad, is influenced by the lower incomes in the region compared to the national average. It is important to note that the definition of a household can vary widely, encompassing single individuals or families with varying numbers of dependents.

To determine what income is considered "middle class" for an individual residing in the Oklahoma City metro area, the research-based calculator provided by Pew Research Center can be utilized. The calculator indicates that an individual with an income between $25,500 and $76,000 would fall within the middle class range. However, due to inflation, it is important to consider that these figures are based on 2020 data and may not accurately reflect the current cost of living.

The U.S. Census Bureau reported that the median household income nationwide in 2022 was $74,580. Despite this figure, a Gallup poll conducted in the same year revealed that 52% of U.S. adults considered themselves middle class. The poll further indicated that 38% identified themselves as "middle class" while 14% identified as "upper-middle class." The poll also acknowledged that since the Great Recession, there has been a shift in self-identification, with more individuals categorizing themselves as "working class" or "lower class."

It is worth noting that the perception and definition of middle class may vary among individuals, as these terms are flexible and can be interpreted differently. To gain a personalized estimate based on the most recent data available, individuals can utilize the Pew Research Center's "Are You in the Middle Class?" calculator. Additionally, for those considering a relocation, Forbes' Cost of Living Calculator can provide insight into how income may need to be adjusted to maintain a similar standard of living in a new area.

In conclusion, the latest study by Pew Research Center sheds light on the income range required to be considered middle class in Oklahoma City. With lower average incomes than the national average, the middle-class range for households in the city falls between $39,984 and $119,358. However, it is important to consider that these figures can vary depending on household size and inflation.

The views expressed in this article do not reflect the opinion of ICARO, or any of its affiliates.

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