In 2022, an Illinoisan needed to earn $52,289 to be considered middle class.
Understanding Middle Class Income in Illinois
The term "middle class" often refers to a broad group of people whose income falls within a certain range, typically allowing for a comfortable standard of living, including homeownership, education, and discretionary spending. This income threshold is not static and adjusts over time due to various economic factors, including inflation and cost of living changes.
Evolution of Middle Class Income Thresholds
The income required to be considered middle class in Illinois has seen a significant increase over the past decade. This change reflects the broader economic shifts and rising costs of living within the state.
Here's a comparison of the income thresholds for different years:
| Year | Middle Class Income Threshold |
|---|---|
| 2012 | $37,902 |
| 2022 | $52,289 |
From 2012 to 2022, the income needed to be considered middle class in Illinois experienced a notable increase. This shift placed Illinois with the 34th-greatest percentage change in middle class income nationally during that period.
