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What is the minimum salary for middle class?
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| State | Middle-class income | Median household income |
|---|---|---|
| California | $111,206 | $80,440 |
| Massachusetts | $85,567 | $85,843 |
| Colorado | $81,602 | $77,127 |
| Washington | $81,203 | $78,687 |
What defines middle class in India?
The McKinsey Global Institute, which defines India’s middle class as households with real annual disposable incomes between 200,000 and 1 million rupees ($3,606 to $18,031), estimates the ranks of middle class will soar from 50 million in 2005 to over 250 million in 2015; and by 2025, it will more than double to 583 …
What is the average income of middle class in India?
It has the lowest threshold for a person to be considered middle class with annual wealth of $13,662 (Rs 737,748 or Rs 61,480 per month). With 23.6 million people, the Indian middle class holds almost a quarter of the country’s wealth at $780 billion (Rs 5,070,000 crore).
How much money do I need to live comfortably in India?
You can thus live comfortably in around Rs 60,000 per month. You must also add Rs 10,000 for Income Tax per month for this amount of earning. You can deduct the expenses which are not applicable to you.
What is the cost of living in Bangalore for a family?
Summary about cost of living in Bangalore: Four-person family monthly costs: 1,259.26$ (94,093.61₹)without rent (using our estimator). A single person monthly costs: 354.53$ (26,491.08₹)without rent. Cost of living index in Bangaloreis 72.49\%lowerthan in New York. Rent in Bangaloreis, on average, 91.83\%lowerthan in New York.
What is the income range of a rich person in India?
betweeen 20–50$ he/she is in the Upper Income Group. and above 50$ a day he/she is considered in as a Rich and Affluent Class. As far as India is Considered…We have following Income Groups/Classes or Categories where Household Income is concerned. A Typical Indian Household considered as Four Members in a Family.