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THE STORY BEHIND THE STORY: Are You in the Middle Class?

Dorothy Philbin | CNBNews Contributor


A list was recently printed in businessinsider.com.  It gave the incomes needed to be considered "middle class" in each of the 50 states.  The range is very wide but the parameters consider a town such as Gloucester City to be lower middle class while Voorhees or Haddonfield are considered higher middle class.  Listed below are only a few states which stood out.  New Jersey?  For once we aren't the most expensive state; we came in second.  The incomes listed below are for two people in a family. Images-3

Alabama  $30,000 to $115,000
Mississippi  $34,818 to $103,354
Florida  $41,696 to $124,466
Nevada  $48,674 to $145,296
Delaware  $49,705 to $148,374
New Jersey  $56,409 to $168,384
Maryland  $60,487 to $180,558
Notice two states are conspicuously missing - California and New York.  New York is explainable; it is a state, not just a very expensive city.  Once out of the Manhattan area the cost of living is affordable.  But California?  Although it is a bigger state than most people realize the cost of living from San Francisco to San Diego is so expensive one would think that cost would over-shadow the less populated north.  
Planning to move to Florida?  You could save between $5,000 and $42,000 a year.  Tempting, isn't it?