The median annual income in Cali has risen slightly to $47,200 in 2016, according to a report from the California Institute for Economic Research.
That’s up from $47.8 million in 2015, and $44.7 million in 2014.
The median annual household income in the Bay Area is now $61,000, up from the $61.1 million median in 2015.
California is a very diverse state with many differences among income groups, with a large population that includes many different economic and educational backgrounds.
Among the differences, a disproportionate share of the income gains are among the middle class, which is the largest group of people in the state.
More: http://www.techcrunch.com/articles/2016-05-23/california-mean-income-calif-s-northeast-states-middle-class-2016-01-20/article/ For example, the median household income for people between the ages of 25 and 34 in California is $54,000.
That compares to the $52,000 median income for those who are 25 to 34 in the rest of the state, according the report.
“California’s middle class has seen a significant increase in median income since 2015, but a larger percentage of the increase has been in the lower-middle class,” the report said.
“It is difficult to separate this from income growth for the middle-income families.”
For a more detailed look at California’s income distribution, check out the CPI-U website.
Here are the top 10 cities with the highest median incomes.