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Best and worst states for the middle class

GOBankingRates Logo By Gabrielle Olya of GOBankingRates | Slide 1 of 52: <p>Although the middle class is shrinking, there are a handful of states where middle-income families continue to thrive.</p><p>But first, what is considered middle class? The Pew Research Center defines "middle-income households" as those with an income that is two-thirds to double the U.S. median household income. And two of the <a href="https://www.gobankingrates.com/making-money/reasons-americas-middle-class-faces-bleak-financial-future/">biggest concerns for middle-income families</a> are securing a good education for their kids and being able to afford housing.</p><p>With that in mind, GOBankingRates determined the best and worst states to live on a middle-class income by analyzing the following data in each state:</p><strong>Income trends:</strong> This includes the change in median household incomes of middle-class families and the change in the proportion of households earning the middle-class income. <strong>Higher education trends:</strong> This includes the college graduation rate, as well as tuition and fees, and the five-year change in tuition.<strong>Housing trends: </strong>Lastly, this factor includes the median home list price, the estimated monthly mortgage payment and the homeownership rate. <p>Click through for the full methodology and to <a href="https://www.gobankingrates.com/making-money/best-worst-states-families-live-richer-life/">see if you live in one of the best places to raise a family</a> on a middle-class income.</p>

Where are the best places to live on a middle-class income?

Although the middle class is shrinking, there are a handful of states where middle-income families continue to thrive.

But first, what is considered middle class? The Pew Research Center defines "middle-income households" as those with an income that is two-thirds to double the U.S. median household income. And two of the biggest concerns for middle-income families are securing a good education for their kids and being able to afford housing.

With that in mind, GOBankingRates determined the best and worst states to live on a middle-class income by analyzing the following data in each state:

Income trends: This includes the change in median household incomes of middle-class families and the change in the proportion of households earning the middle-class income.

Higher education trends: This includes the college graduation rate, as well as tuition and fees, and the five-year change in tuition.

Housing trends: Lastly, this factor includes the median home list price, the estimated monthly mortgage payment and the homeownership rate.

Click through for the full methodology and to see if you live in one of the best places to raise a family on a middle-class income.

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