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Many Americans made more money in 2023 than the year prior, bringing the national household median income up to $80,610, according to U.S. Census Bureau Current Population Survey estimates. Middle class is commonly defined as earning between two-thirds and double the household median income. Here are household incomes that fall in the middle class in each state, plus the District of Columbia: Alabama Median household income: $60,660Middle class income range: $40,440 to $121,320 Alaska Median household income: $98,190Middle class income range: $65,460 to $196,380 Arizona Median household income: $82,660Middle class income range: $55,107 to $165,320 Arkansas Median household income: $63,250Middle class income range: $42,167 to $126,500 California Median household income: $89,870Middle class income range: $59,913 to $179,740 Colorado Median household income: $96,640Middle class income range: $64,427 to $193,280 Connecticut Median household income: $92,240Middle class income range: $61,493 to $184,480 Delaware Median household income: $86,340Middle class income range: $57,560 to $172,680 District of Columbia Median household income: $111,000Middle class income range: $74,000 to $222,000 Florida Median household income: $72,200Middle class income range: $48,133 to $144,400 Georgia Median household income: $72,420Middle class income range: $48,280 to $144,840 Hawaii Median household income: $97,360Middle class income range: $64,907 to $194,720 Idaho Median household income: $73,910Middle class income range: $49,273 to $147,820 Illinois Median household income: $87,820Middle class income range: $58,547 to $175,640 Indiana Median household income: $76,910Middle class income range: $51,273 to $153,820 Iowa Median household income: $80,860Middle class income range:$53,907 to $161,720 Kansas Median household income: $84,830Middle class income range: $56,553 to $169,660 Kentucky Median household income: $61,980Middle class income range:$41,320 to $123,960 Louisiana Median household income: $57,650Middle class income range: $38,433 to $115,300 Maine Median household income: $75,740Middle class income range: $50,493 to $151,480 Maryland Median household income: $102,000Middle class income range: $68,000 to $204,000 Massachusetts Median household income: $106,500Middle class income range: $71,000 to $213,000 Michigan Median household income: $76,960Middle class income range: $51,307 to $153,920 Minnesota Median household income: $90,340Middle class income range: $60,227 to $180,680 Mississippi Median household income: $55,060Middle class income range: $36,707 to $110,120 Missouri Median household income: $78,290Middle class income range: $52,193 to $156,580 Montana Median household income: $79,220Middle class income range: $52,813 to $158,440 Nebraska Median household income: $89,190Middle class income range: $59,460 to $178,380 Nevada Median household income: $81,310Middle class income range: $54,207 to $162,620 New Hampshire Median household income: $98,780Middle class income range: $65,853 to $197,560 New Jersey Median household income: $91,590Middle class income range: $61,060 to $183,180 New Mexico Median household income: $60,980Middle class income range: $40,653 to $121,960 New York Median household income: $81,600Middle class income range: $54,400 to $163,200 North Carolina Median household income: $68,610Middle class income range: $45,740 to $137,220 North Dakota Median household income: $76,960Middle class income range: $51,307 to $153,920 Ohio Median household income: $73,770Middle class income range: $49,180 to $147,540 Oklahoma Median household income: $67,330Middle class income range: $44,887 to $134,660 Oregon Median household income: $88,740Middle class income range: $59,160 to $177,480 Pennsylvania Median household income: $79,820Middle class income range: $53,213 to $159,640 Rhode Island Median household income: $81,860Middle class income range: $54,573 to $163,720 South Carolina Median household income: $69,100Middle class income range: $46,067 to $138,200 South Dakota Median household income: $81,740Middle class income range: $54,493 to $163,480 Tennessee Median household income: $72,700Middle class income range: $48,467 to $145,400 Texas Median household income: $79,060Middle class income range: $52,707 to $158,120 Utah Median household income: $101,200Middle class income range: $67,467 to $202,400 Vermont Median household income: $85,190Middle class income range: $56,793 to $170,380 Virginia Median household income: $96,490Middle class income range: $64,327 to $192,980 Washington Median household income: $93,440Middle class income range: $62,293 to $186,880 West Virginia Median household income: $60,410Middle class income range: $40,273 to $120,820 Wisconsin Median household income: $79,690Middle class income range: $53,127 to $159,380 Wyoming Median household income: $77,200Middle class income range: $51,467 to $154,400Low or no-minimum wages may bring down incomes in the SouthTwo places in the Sout
Organizations: Census, of Columbia, Indiana, New, North Carolina, North Dakota, Rhode, South Carolina, South Dakota, Washington, West Virginia, District of Columbia, South Carolina —, Southern Locations: U.S, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, Jersey, Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Utah, Vermont, Virginia, Wisconsin, Wyoming, South, — Mississippi, Louisiana , Alabama , Tennessee, South Carolina
It's how she's been able to obtain her Ph.D., secure a six-figure salary and purchase a small portfolio of investment properties all within the last 10 years. "I see money as a thing that you work really hard for," she says. But she's not currently putting aside any money to pay for him to go to college. "I don't expect to pay for my kid's college," she tells CNBC Make It. "I hope that he gets a scholarship, or he gets a loan so that he can pay for his own college."
Persons: Cristina Tello, Trillo, she's, Leo, Tello Organizations: U.S . Census, University of Maryland, CNBC Locations: Bethesda , Maryland
If you want your degree to help you land a fulfilling job, consider studying music therapy. The medical and therapeutic fields are among the college majors helping graduates get jobs that make the world a better place, according to graduates surveyed in a recent Payscale report. Music therapy programs cover coursework in music, music therapy, science and psychology, according to the American Music Therapy Association. "Knowledge and skills are developed through coursework and clinical training, which cover the theory and practical application of music therapy treatment procedures and techniques," the organization states on its website. Here are the nine majors and degrees that alumni are most likely to say led to meaningful careers, according to Payscale.
Persons: Payscale Organizations: American Music Therapy Association
White and non-Hispanic white households were the only racial or Hispanic-origin groups whose incomes rose significantly, growing by 5.4% and 5.7%, respectively. Median household income in the U.S. rose to $80,610 in 2023, according to U.S. Census Bureau estimates . While Black and Hispanic household incomes did increase, they only grew by 2.8% and 0.4% from 2022 to 2023. The gap between Asian and white non-Hispanic household earnings shrank slightly between 2022 and 2023, while the gap between white non-Hispanic and Hispanic household incomes grew. That figure drops to about $62,000 for Hispanic households and to about $45,000 among Black households in 2022, according to the Fed.
Organizations: Census, Fed, National Women's Law Locations: U.S
"I love how you can invest in properties, you earn money, you have to save money to wait for the best property. Though they may not have pushed Tello-Trillo into economics, her parents taught her about money from a young age. "I see money as a thing that you work really hard for, and then if you want to spend money [it's] because you really, really value something," she says. "But it has to be something that I really, really like, and it has to be something that is going to be useful either for the family or for the home." She and her husband split household expenses equally, and Tello-Trillo handles the mortgage payments for her rental properties on her own.
Persons: Cristina Tello, Trillo, that's, Sebastian, Leo, Tello, she's, Peru wouldn't, Roth Organizations: CNBC, Monopoly, Pontificia Universidad Catolica of, Tello, U.S . Census Bureau, University of Maryland, Washington , D.C, Yale University, YouTube, Leo Insurance, Netflix, Spotify, Amazon, Amazon Prime Locations: Peru, Nicaragua, Pontificia Universidad Catolica of Peru, Bethesda , Maryland, Washington ,, Rochester , New York, Tello, , Bethesda, Rochester, Shenandoah, Northern Virginia
College graduates earned a median of $60,000 in 2023, compared with $36,000 among workers with only a high school diploma, according to the New York Fed. The school offers the best value for students without financial aid, according to The Princeton Review. DON'T MISS: How to master your money and grow your wealthThese are the 10 colleges that offer the best value to students without financial aid. Tuition prices are for first-year, full-time students, according to each school. Average net prices reflect the average prices paid by students who don't receive federal financial aid after scholarships and grants, according to the latest available data from the National Center for Education Statistics.
Organizations: New York Fed, Georgia Institute of Technology, Princeton, Colleges, National Center for Education Statistics
Students and their families, along with college financial aid administrators, hoped the 2025-26 school year would be a return to normalcy. Financial aid administrators continue to deal with problems even as the school year quickly approaches. But ultimately, financial aid advocates conceded that they'd rather have a delayed-yet-functional application than an on-time and glitchy one. There's not much applicants can do at this point to ease stress about the financial aid timeline. Still, Vasconcelos shares three tips for incoming or current college students as the upcoming financial aid cycle approaches.
Persons: they'd, Shannon Vasconcelos, It's, Vasconcelos, Vasoncelos, We've Organizations: of Education, Federal, Congressional, Bright Horizons, CNBC, didn't, Aid, Social
Around six years ago, married couple Christina, 37, and Noah, 35, took $10,000 out of the bank. After the massive withdrawal, the money continued to sit — in cash — in their closet for another three years. Noah, on the other hand, is comfortable with what they have and hesitant to spend any money beyond what they absolutely need to. "I think you have a dramatic miscalibration with what a lot of money means," Sethi told them. But sometimes you just need to take an honest look at the numbers," Sethi told her.
Persons: Christina, Noah, Ramit Sethi, Rich, Sethi, they're, Christina shouldn't
Understanding how money scripts influence your spending and saving behavior can be the key to unlocking financial wellness. Money scripts are beliefs or attitudes about money that subconsciously affect the way we make financial decisions. But it can be difficult to totally rid yourself of your personal money beliefs. Once you understand what your money scripts are and how they manifest, you can take steps to rescript if necessary. "When the context changes and our [money] beliefs don't change, that's when it becomes dysfunctional," Klontz says.
Persons: Brad Klontz, Klontz, we're, we've, it's Organizations: CNBC
President Joe Biden is making another move to forgive student debt for millions of borrowers. Borrowers will have until August 30 to contact their loan servicer to opt out of any relief they may otherwise receive. The administration says if the rules are finalized as drafted, eligible borrowers shouldn't have to take any action to see debt relief. Borrowers who choose to opt out, however, will not have the opportunity to opt back in. "By providing more information to borrowers on how they can take advantage of our upcoming debt relief programs, borrowers will be prepared to benefit swiftly once the rules are final," Biden said in a statement.
Persons: Joe Biden, Harris, Education Miguel Cardona, Cardona, Biden Organizations: Biden, Harris Administration, Education
This summer, a shocking shade of lime green seems to have taken over. On Etsy, shoppers and sellers alike have eagerly hopped on the trend. Search Etsy for "brat" and you'll see over 1,000 results for brat-themed shirts, stickers, buttons, stationery and more. Others pair the brat green with different cultural phenomena like Taylor Swift lyrics, or increasingly, homages to Vice President Kamala Harris. Here's how Etsy sellers are getting in on the action.
Persons: Charli, you've, Julia, Taylor Swift, Kamala Harris, Joe Biden, Harris, Charli XCX, Kamala Organizations: CNBC, Democratic
Her husband, James, 39, is a freelance musician who earns around $60,000 a year. James said he wants to contribute more toward their lifestyle and retirement goals, but he knows he can't match-up financially. "Geena wants James to be engaged with money. "Taylor wants Steve to want more for himself, to become a financial partner in their relationship," Sethi said. "The solution is to fix your worldview of money and master your own money psychology," Sethi said.
Persons: Geena, James don't, James, I've, Ramit Sethi, Rich, I'm, Sethi, Taylor, Steve, it's, James isn't, James doesn't, he's Locations: New York
Lovevery's toys are inspired by the homemade ones Rolph made for her son, each designed to nurture a specific developmental milestone. Launching with a single productPrior to starting Lovevery, Rolph was a co-founder of organic baby food company Happy Family, which launched in 2005. Zach Voss | CNBC Make ItThe duo decided to start simple, focusing on a single product: a play gym. They spent nearly two years relying on $2 million in seed funding to develop Lovevery's play gym, finally launching it in 2017. Lovevery's first product, the Play Gym, launched in 2017.
Persons: Jessica Rolph, Roderick Morris, Rolph, Morris, She'd, Morris —, Zach Voss, Lovevery, we'll, Raffi Paul Organizations: Boise -, CNBC Locations: Boise, Boise - Idaho, Boise , Idaho, Asia
And between 2020 and 2023, that seems to have been true of population growth. Celina, Texas, a city about 40 miles north of Dallas, earned the top spot as its population grew by more than 143% between 2020 and 2023. But it's the only Texas city among the 10 U.S. cities and towns that saw the biggest population drops between 2020 and 2023. The state's population has been growing steadily and faster than nearly any other state since 2000, the Census Bureau reports. Despite its position along the Southern border, domestic migration has played a slightly larger role than international migration in Texas' population growth, the agency finds.
Organizations: Lone Star State, Census, CNBC Locations: U.S, Celina , Texas, Dallas, Celina, Fulshear , Texas, Houston, Spring , Texas, Texas, South, . California, Francisco
A middle class lifestyle can look different depending on where you are. In the San Francisco area, an annual income of $250,000 would classify your household as middle earners, based on 2022 Census Bureau American Community Survey data. That means middle class households there earn between $85,434 and $256,302 a year. Median household incomes in each of these areas are over $100,000 a year. Here are the ranges of middle class incomes in the 25 biggest U.S. metros:
Organizations: American, Survey, D.C, U.S, metros Locations: San Francisco, Oakland, Berkeley , California, U.S, Washington, Seattle, Boston
The idea is to have a streamlined closet with a limited number of basic clothing items you can mix and match. She says neglecting her personal style was one of the biggest mistakes she made while filling out her capsule wardrobe. "If you buy a piece of clothing that you don't wear often, that's a waste of money," she says. But regardless how much you spend, if it's not something you are going to wear, it's going to be a waste of money. Here are three tips to help you figure out your personal style and stop overspending on clothes.
Persons: Michela Allocca, Derek Guy, it's Organizations: of Labor Statistics, CNBC
Federal student loan borrowers on the SAVE plan were expecting or already enjoying lower monthly payments from July onward, and others were hoping to see their loans forgiven after a decade of payments. The temporary stay blocks all aspects of the SAVE plan from moving forward until further notice. If you're already enrolled in the SAVE plan, you'll be placed in an interest-free forbearance while the administration "continues to vigorously defend the SAVE Plan in court," the statement said. The 8th Circuit ruling addresses just one of the two lawsuits currently being litigated to determine the SAVE plan's fate. If the 10th Circuit Court of Appeals in Kansas issues a different ruling, the Supreme Court may have to step in.
Persons: Joe Biden's, Education Miguel Cardona, you'll, Biden Organizations: Circuit, Federal, Education, Protection Locations: Missouri, Kansas
'Stay away from shorts'There has been a shift in recent years away from strict dress codes, Swann says. On the New York Stock Exchange trading floor, for example, jeans, shorts and other casual wear are still prohibited for personnel and guests. At every job I've had, though, (mainly in media and always based in New York), the dress codes have been way looser. My high school has even adopted a more casual dress code — abandoning the daily tie requirement and allowing sneakers — in recent years. Even if the shorts are dressier or have longer inseams, Swann says they may be perceived as unprofessional in many work environments.
Persons: Swann, I've, it's, Jenna Goudreau, they're Organizations: New York Stock Exchange, CNBC Make Locations: New York, U.S
Spending on travel, shopping, means 'losing money every single month'Going through their finances, Sethi found the couple has done relatively well at keeping their fixed costs in check. But a look at their discretionary spending showed that Maddie has good reason to feel anxious about their finances. "It's this compulsion to be at everything and live such a social life [that] just drains us," Paul adds. Having a big wedding for themselves is important to Maddie and Paul, as is their financial security, they reply. The idea of "keeping up with the Joneses" and lifestyle creep are common pitfalls because humans are social animals, Sethi says.
Persons: Sethi, Paul isn't, Maddie, They've, they're, Paul, It's
Though she commands a hefty $400,000 salary today, Sora Lee knows about starting small. Lee earned a $40,000 base salary, plus a $6,000 bonus, at a startup called TubeMogul after graduating from college in 2011. Before starting at TikTok, she worked for — and successfully negotiated big salary increases at — Netflix and Meta. Be ready to negotiateAlong with plenty of other career experts, Lee recommends preparing to negotiate when you're expecting a job offer. When she was interviewing for her role at Netflix, Lee received an offer for a job at another firm.
Persons: Sora Lee, Lee, — Lee Organizations: , Netflix, Meta Locations: TikTok
Like many families throughout the U.S., Amanda, 28, and Carlos, 36, are wrestling with the cost of child care. The couple keeps their finances separate, with Amanda covering child care while Carlos pays for other costs, like rent. The burden often falls on womenThe cost of external child care has risen by roughly 263% from 1990 to 2024, according to a KPMG analysis. But even when a family has the option to decide between paying for child care or having one parent stay home, there are more costs to consider. You might be sacrificing career growth by staying home, or you may be sacrificing some of your ability to build wealth by paying for child care.
Persons: Amanda, Carlos, Ramit Sethi, Rich, Sethi, Emily Green, Green, they've Organizations: KPMG, Pew Research, CNBC Locations: U.S, New York
After she got divorced in 2021, Sora Lee bought a brand new Tesla Model 3 for just over $70,000. "I just really wanted a Tesla because it's something my ex wouldn't let me [have], and I regret buying that full price," the 34-year-old tells CNBC Make It. It wasn't necessarily that she couldn't afford the car or the approximate $1,000 a month she puts toward the loan. But in retrospect, she says buying a shiny new car wasn't a very smart investment. "If I had put that into something else, I would have been making more money in terms of my investment return."
Persons: Sora Lee, Lee, Edmunds Organizations: Tesla, CNBC, Meta
She had also agreed to be a bridesmaid in a close friend's wedding. But when the bridal party started planning a long weekend bachelorette trip, Carson had to put her personal finances first. When the bride suggested Carson could pick up a side hustle to pay for the trip, "my jaw dropped," she says. I realized that she was gonna hold that grudge for forever and I didn't really have interest in being friends with someone who couldn't be empathetic about that situation. Over 20% of Americans say they've ended a friendship over money disputes, according to a recent survey from fintech firm Bread Financial.
Persons: Carson, didn't, they've, It's, it's, Lindsay Bryan, Podvin, Bread, overspend, Bryan, They'd Organizations: CNBC, Bread Locations: Carson
Summer plans may have just been dashed for federal student loan borrowers hoping to see their payments drop in July. Federal judges in Kansas and Missouri issued rulings on Monday on separate lawsuits aiming to block further implementation of President Joe Biden's Saving on a Valuable Education income-driven repayment plan. Some borrowers have already seen their loans forgiven due to the SAVE plan. "The Department of Justice will continue to vigorously defend the SAVE Plan," Secretary of Education Miguel Cardona said in a statement. Borrowers can continue to enroll in the SAVE plan if they haven't already, according to the Federal Student Aid website, which says it will provide more updates soon.
Persons: Joe Biden's, Biden, Education Miguel Cardona, Cardona Organizations: Department, Justice, SAVE, Education, Republican, Higher, Federal, Aid Locations: Kansas, Missouri
TubeMogul was competing for an ad tech partnership with Netflix, so Lee learned about the company's own technology and culture. Lee started working at Netflix on its digital marketing programmatic buying team in 2014, earning a salary of $110,000. "It was actually perfect timing that I got laid off," Lee says of being part of Meta's November 2022 job cuts. While she wants to continue increasing her salary, money alone isn't enough. On her TikTok, YouTube and Instagram accounts, Lee shares career and lifestyle advice based on her experiences.
Persons: Sora Lee, Lee, Mickey Todiwala, she'll, hustles, Lee didn't, she's, you've, TubeMogul, Andrew Evers, Lisa Setyon, haven't, Jackson, Tesla, doesn't, I'm, Lee isn't Organizations: CNBC, University of California, TikTok, ByteDance, Netflix, Meta, Facebook, Child, Savings, Porsche, YouTube Locations: Berkeley, South Korea, San Mateo , California, TikTok, RSUs, TubeMogul, New York, Austin , Texas, Los Angeles, Meta's, Lake Tahoe, U.S
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