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How Much Money Do You Need to be Middle Class in Minneapolis?

Nearly half of America still identifies as middle class, according to the Pew Research Center.

Nearly half of America still identifies as middle class, according to the Pew Research Center.

Despite the financial beat down that wiped out the spending power of millions of Americans, nearly half of the country still identifies itself as middle class, according to the Pew Research Center.

But what kind of money are we talking?

See also: Minnesota's economic recovery driven by McJobs, not middle-class jobs

In Minneapolis the number is $64,000, according to a breakdown of families in the middle in America's 30 most populous cities by NPR's Planet Money.

Planet Money found that the city's middle class households ranged from a high of $116,000 to a low of $33,000. The median was 64k.

But the research also showed that middle class and money are relative terms. It depends on where someone lives.

In Milwaukee, for instance, $67,000 is on the high end of middle class.

By contrast, $67,000 in Omaha is smack dab in the middle.

Surprisingly, the research revealed New York City's median was less than that of Minneapolis at $57,000.

What comes as no shock was that cities on the West Coast showed the highest numbers constituting middle class households.

In Seattle, it ranged from $56,000 to $165,000 with $102,000 as the median.

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