Income Class Calculator

An income class calculator helps you determine your economic class (e.g., poor, middle class, rich) based on your household income and the number of household members.

The calculator divides your total household income by the number of household members to determine per capita income and then classifies this income into different economic classes.

Per capita income is the average income earned per person in a household. It is calculated by dividing the total household income by the number of household members.

Per capita income gives a better measure of the economic condition of each individual within a household, making it easier to classify the overall economic status.

The calculator classifies income into Poor Class, Lower Middle Class, Median Middle Class, Upper Middle Class, High Income Class, Rich Class, and Millionaire Class.

Income class is determined based on predefined income ranges for each class. The per capita income is compared against these ranges to classify the economic status.

Yes, the calculator supports multiple currencies including USD, EUR, INR, CNY, and PHP. if you need to calculate another currency you can convert your income to any available currency and check your income class status.

The calculation is based on gross income, which is the total income before taxes and other deductions.

The calculator uses predefined conversion rates to convert your income into USD for accurate classification.

Enter your total household income, the number of household members, and select your currency. Click "Calculate" to see your income class.

Your data is processed locally and is not stored or shared with third parties.

You can report bugs or issues via the contact form on the website.

Use the total annual income including all irregular sources.

Use the current household size for the most accurate classification.

Yes, you can input historical income data to see past income class classifications.

Understanding your income class helps you make informed financial decisions and plan for the future.

Improving skills, seeking better job opportunities, and managing finances effectively can help improve your income class.

Consider additional sources of income, further education, and effective budgeting.

Higher cost of living can impact your disposable income, potentially affecting your income class.

Yes, you can use it for individual income by entering 1 as the number of household members.