Class brackets are ever-evolving in America, and are based almost entirely upon their relation to the always-changing average national median household income.
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For example, the average lower-income citizen makes less than two-thirds of the median household income, middle-income falls between two-third and double the median household income, and upper class is more than double that median household income level.
What about states that have a higher than average median household income level, though? And what does that look like in a state like Hawaii?
How To Calculate the Upper Class Income Level
In 2024, the median household income level for the United States was found to be $83,730, according to the Federal Reserve Bank of St. Louis. That means that to be considered upper class in America in general, a minimum salary of $167,400 (twice the amount of $83,730) is required.
Read More: How Much You Need To Be in the Top 5% in Every State
The Minimum Salary To Be Considered Upper Class in Hawaii
An expensive state like Hawaii, however, has a much higher median household income level than America in general. That means that the minimum salary required to be upper class in Hawaii is far higher than the national average.
According to USAFacts, the estimated median household income in the Aloha State is $100,700. A Hawaii citizen would require a minimum salary of at least $201,400 to achieve upper-class wealth in what is one of America’s most expensive states.
While the path to wealth looks different for everyone, where you live really determines where your dollar and fortune will stretch. A salary of over $200,000 would lead to a very different lifestyle in states like Tennessee, Arizona or Michigan.
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This article originally appeared on GOBankingRates.com: Here’s the Minimum Salary Required To Be Considered Upper Class in Hawaii
