![Do You Make Enough To Be Considered ‘Middle-Class’ In Idaho In 2024?](http://townsquare.media/site/657/files/2024/01/attachment-Photo-by-Shane-on-Unsplash-COVER.jpg?w=980&q=75)
Do You Make Enough To Be Considered ‘Middle-Class’ In Idaho In 2024?
New year, new class? No - we're not talking about school or anything of that nature although education could play a role in what we're about to talk about: income.
Idaho continues to grow and because of that, it is regularly listed as one of the most expensive places to live.
Are you considered middle-class in Idaho?
According to SoFi.com, you can "expect to spend about $39,739 a year on total personal consumption." Unfortunately, if you're making $15 an hour and work 40-hour weeks for a whole year, your gross income would be $31,200 which is around $8,000 less than what it takes to live in Idaho.
Here's the thing - what if you make more than that and can cover the nearly $40,000 that it takes to live in Idaho? Would you still be considered middle-class?
Putting it in perspective
We all know Idaho is expensive but a lot of people would agree that it is much more expensive to live in California. According to SoFi.com, the average cost of living in California is $53,082 which is roughly $14,000 more than it takes to live in Idaho.
According to GoBankingRates.com, it would take between $52,681 and $157,258 a year for a 2-person family to be considered "middle-class."
That's a wide range!
Wait until you see how much it takes for a 3-person family or even a 4-person family to earn in order to be considered middle-class. Do you meet the criteria? Does it mean anything to you if you're not middle-class in Idaho?
Let us know your thoughts here!
Let's take a look at the numbers state by state.
Do You Make Enough Money To Be Middle-Class in Idaho?
Gallery Credit: Chris Cardenas
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