Table 1: Indiana’s median household income by race, 2017
| Selected categories | Median household income | Margin of error |
|---|---|---|
| Total | $52,182 | $200 |
| Asian | $59,361 | $2,836 |
| White | $54,951 | $256 |
| Hispanic | $42,995 | $1,092 |
What is the average family income in Indiana?
Table
| Population | |
|---|---|
| Transportation | |
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 23.9 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $58,235 |
What income is middle class in Indiana?
How Much Income Do You Need in Indiana To Be Considered Middle Class. The current median household income for Indiana is $57,603.
What salary is considered upper class in Indiana?
A family earning between $32,048 and $53,413 was considered lower-middle class. For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.
What is considered a good salary in Indiana?
While ZipRecruiter is seeing salaries as high as $143,700 and as low as $19,723, the majority of salaries within the Average jobs category currently range between $46,491 (25th percentile) to $70,440 (75th percentile) with top earners (90th percentile) making $93,921 annually in Indiana.
What’s the poorest city in Indiana?
Indiana: Knox
Knox is a small northern Indiana town of 3,500. The poorest town in the state, Knox has a median annual household income of $33,709, about $18,500 less than the median income across the state as a whole. Real estate values are often indicative of what area residents can afford.
What is the richest town in Indiana?
In Indiana, the richest town is Meridian Hills located in Marion County, about six miles north of downtown Indianapolis. Here’s some of the data provided by Stacker: Median household income: $186,750 (171.8% more than U.S. median income) Households earning over $200,000: 302 (48.6% of households)
What salary is considered high class?
An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher.
Is 100k a year middle class?
The bottom line is: $100,000 is on the middle-class spectrum, but barely: 75 percent of U.S. households make less than that. Others prefer to define middle class by the lifestyle you can afford.
What income is considered rich?
In the U.S. overall, it takes a net worth of $2.2 million to be considered “wealthy” by other Americans — up from $1.9 million last year, according to financial services company Charles Schwab’s annual Modern Wealth Survey.
How much do you need to live comfortably in Indiana?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Required annual income after taxes | $27,201 | $59,828 |
| Annual taxes | $5,643 | $12,410 |
| Required annual income before taxes | $32,844 | $72,238 |
What is a good net worth by age?
The average net worth for U.S. families is $748,800. The median — a more representative measure — is $121,700.
Average net worth by age.
| Age of head of family | Median net worth | Average net worth |
|---|---|---|
| 35-44 | $91,300 | $436,200 |
| 45-54 | $168,600 | $833,200 |
| 55-64 | $212,500 | $1,175,900 |
| 65-74 | $266,400 | $1,217,700 |
What is the average cost of living in Indiana?
$38,097 per year
Average Cost of Living in Indiana: $38,097 per year
According to the Bureau of Economic Analysis , the average cost of living in Indiana will run you around $38,097 per year.
What is a teacher’s salary in Indiana?
In the 2019-20 school year, the starting salary for an Indiana teacher was around $37,500 per year, according to the National Education Association (NEA).
What does the average person make in Indiana?
In 2021, the average annual pay of employees in Indiana totaled to 54,960 U.S. dollars. This is an increase from 2001 levels, when this value stood at 31,779 U.S. dollars.
Is Indiana rich or poor?
In summary
| Rank | State | Poverty rate (3 year average) |
|---|---|---|
| 32 | Texas | 13.7 |
| 33 | Missouri | 11.9 |
| 34 | Nevada | 12.2 |
| 35 | Indiana | 11.8 |
Is Indiana a poor state?
Indiana has the third-lowest poverty rate in the nation, according to the U.S. Census Bureau (see Figure 1).
What is the poorest US state?
Poverty rates were highest in the states of Mississippi (19.58%), Louisiana (18.65%), New Mexico (18.55%), West Virginia (17.10%), Kentucky (16.61%), and Arkansas (16.08%), and they were lowest in the states of New Hampshire (7.42%), Maryland (9.02%), Utah (9.13%), Hawaii (9.26%), and Minnesota (9.33%).
Where do wealthy people live in Indiana?
The 10 Richest Cities in Indiana
- Zionsville. The richest city in Indiana by quite a large margin is Zionsville.
- Carmel.
- St John.
- Mccordsville.
- Westfield.
- Avon.
- Bargersville.
- Whitestown.
What is the best place to live in Indiana?
Moving to Indiana? These are the best places to live, according to Niche
- Carmel.
- Fishers.
- Zionsville.
- Granger.
- Westfield.
- Meridian Hills.
- Delaware Trails.
- Broad Ripple.
Who is the wealthiest person in Indiana?
Richest billionaires in Indiana
- #3. Herb Simon. – Net worth: $3.4 billion (#885 wealthiest in the world)
- #2. James Irsay. – Net worth: $3.5 billion (#860 wealthiest in the world)
- #1. Carl Cook. – Net worth: $10.7 billion (#182 wealthiest in the world)
- You may also like: Where people in Indiana are moving to most.