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Here’s how much money is needed to be considered middle class in Maryland

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Here’s how much money is needed to be considered middle class in Maryland


How much money does it take for a household to be considered middle-class? A new study shows that the bar is pretty high if you live in Maryland. 

GOBankingRates found that Marylanders required the most money – a median household income of $98,461 – to be considered middle class. 

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The personal finance site analyzed data from the 2022 American Community Survey as conducted by the U.S. Census Bureau, then found the middle-class income for every state.

The company followed the Pew Research Center’s definition of middle-class income — “two-thirds to double the U.S. median household income.”

According to the data, the middle-class household income averages across the U.S. ranged between $52,000 and $98,500 in 2024.

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But the study also found that the income levels required to be considered middle-class varied significantly depending on where a person lived.

 Study: Americans must make over $1 million per year to be in the top 1% in these states

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Other states that topped the list included New Jersey, Massachusetts, Hawaii, California, New Hampshire, Washington and Connecticut.

In contrast, it cost $52,985 to be considered a middle-class household in Mississippi. The bottom also included West Virginia, Arkansas, Louisiana, New Mexico and Alabama.

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See the full report here.

Inflation has surged in the past few years, peaking at 9% in June 2022. That means some families who were middle class in 2020 may no longer be in that category. 

 Here’s how much money you need to feel ‘rich’ in 2024

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According to an annual survey from financial investment firm Charles Schwab, Americans think it takes a net worth of $2.5 million on average to be considered wealthy, up slightly from 2023 when it was $2.2 million. 



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Maryland

Maryland State Police stage stunning rescue of 4 stranded kayakers in Montgomery Co. – WTOP News

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Maryland State Police stage stunning rescue of 4 stranded kayakers in Montgomery Co. – WTOP News


Four kayakers who got stranded in the Potomac River’s rough waters Sunday were rescued by a Maryland State Police chopper.

Four kayakers who got stranded in the Potomac River’s rough waters Sunday were rescued by a Maryland State Police chopper.

Footage posted to social media shows Maryland State Police Aviation Command Trooper 3 — which is based out of Frederick — conduct the hoist during the missions.

Montgomery County swift water rescue personnel assisted on the ground.

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First responders had requested an aerial rescue because rescue boats couldn’t get to where the kayakers were stranded.

Pilots hovered the AW-139 helicopter above the Potomac River through three separate hoists, rescuing four victims via the rescue basket.

They were taken to Loudoun County, Virginia.

No injuries were reported.

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© 2024 WTOP. All Rights Reserved. This website is not intended for users located within the European Economic Area.





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Fall Foliage Report: Western Maryland's fall foliage reaches 'rolling peak'

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Fall Foliage Report: Western Maryland's fall foliage reaches 'rolling peak'


Around Maryland, Sci-Tech

BALTIMORE, MD—Western Maryland’s fall foliage season is experiencing a “rolling peak,” with trees reaching their peak of color at different times due to recent wind and rain, according to the Maryland Forest Service. While some areas are still mostly green, others are showcasing vibrant reds and yellows.

The changing colors are a welcome sight after a dry summer that caused some trees to turn brown and drop their leaves prematurely. However, the recent rainfall has provided much-needed moisture for the trees and encouraged the growth of mushrooms, which are now appearing in abundance on the forest floor.

According to Melissa Nash, Garrett and Allegany Project Manager for the Maryland Forest Service, “We are now seeing mostly yellow tones of maples and hickories mixed with still green oaks, but there are still some vibrant colors to be found. It seems we may now see more of a rolling peak this year, with waves of color rather than one sharper peak.”

In Allegany County, the far western region is experiencing color changes, while central and eastern parts of the county remain predominantly green. Yellow is the most common color emerging, with some trees already turning brown due to the dry conditions.

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The Maryland Forest Service invites the public to submit their fall foliage photos for inclusion in their weekly reports. Photos may be featured in future reports, with credit given to the photographer.

This article was written with the assistance of AI and reviewed by a human editor.


Do you value local journalism? Support NottinghamMD.com today.


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Johns Hopkins leaders highlight the university’s impact in Maryland

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Johns Hopkins leaders highlight the university’s impact in Maryland


Leaders from across Maryland gathered Tuesday for the second annual iMPACT MARYLAND conference at the Joseph Meyerhoff Symphony Hall in Baltimore. The day’s events included four panelists from Johns Hopkins University —President Ron Daniels, Director of Sustainability Julian Goresko, School of Nursing Dean Sarah L. Szanton, and physician-entrepreneur Therese Canares, assistant professor of pediatrics at the School of Medicine and founder of CurieDx, which is developing an AI-powered home test for strep throat. Maryland governor and JHU alum Wes Moore, A&S ’01, also spoke.

Image caption: Sarah L. Szanton

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Image credit: Will Kirk / Johns Hopkins University

iMPACT MARYLAND is an annual conference hosted by The Baltimore Banner and co-sponsored by Johns Hopkins University and Medicine. The event brings together top leaders and thinkers to discuss Maryland’s successes, struggles, and future. Topics at this year’s conference included working toward net zero emissions, utilizing artificial intelligence, addressing the shortage of health care workers, fighting the opioid epidemic, and rebuilding after the Key Bridge collapse.

Daniels participated in the day’s first panel, titled “Leadership in a time of uncertainty.” The panel also included Maryland Comptroller Brooke Lierman and University of Maryland Medical System President and CEO Mohan Suntha, and was moderated David M. Rubenstein, owner of the Baltimore Orioles and co-founder of the Carlyle Group.

Rubenstein asked Daniels about the university’s efforts to revitalize East Baltimore, home to the university’s medical campus, which includes Johns Hopkins Hospital as well as the schools of Medicine, Nursing, and Public Health.

“It’s been challenging at times, but there’s been a lot that’s been accomplished,” Daniels said. “There’s a fabulous new school that’s been built in East Baltimore that we operate with the school system. There’s a hotel. There’s a large urban park. There’s new housing, commercial activity. I think that is one very direct way … in which we’ve been able to impact the neighborhoods.”

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Daniels also spoke about HopkinsLocal, the university’s commitment to bolster economic growth, investment, and employment in Baltimore by leveraging the institution’s spending and hiring practices. From 2020 to 2023 alone, Johns Hopkins spent $575.6 million at Baltimore City businesses and hired 2,762 employees from local neighborhoods, boosting the city’s economy.

“We have really sought to use our procurement, our construction, and our hiring abilities to strengthen the city.”

Ron Daniels

President, Johns Hopkins University

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“The real challenges for Baltimore reside in its growth rate, both in population and of course economically, and this is where [we are] becoming more intentional and thoughtful about how we do our mission,” Daniels said. “We have really sought to use our procurement, our construction, and our hiring abilities to strengthen the city.”

In the afternoon, Goresko participated a panel titled “Getting to Net Zero: The difficult path to sustainability.” He was joined by Meghan Conklin, chief sustainability officer for the Governor’s Office; Carim Khouzami, president and CEO of Baltimore Gas and Electric; and Ava Richardson, Baltimore’s sustainability director.

Goresko discussed the university’s efforts to reduce its environmental impact.

Julian Goresko speaks while holding a microphone.

Image caption: Julian Goresko

Image credit: Will Kirk / Johns Hopkins University

“We were able to make a commitment in 2019 to the largest renewable energy agreement in the state of Maryland. We’ve reduced greenhouse gas emissions at the university by 57%. We purchase over 60% of our electricity from renewable sources. We’re making a Climate Action and Sustainability Plan with a commitment to reaching net zero by 2040 and purchasing all renewables for our electricity sources by 2030,” he said. “There are many things that we thought we couldn’t do that we’re doing today, … and so I think optimism, collaboration—these are critical across sectors as we work together.”

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Goresko also touched on JHU’s unique environmental responsibilities as a research university.

“One of the narratives that really emerged in our planning work at Hopkins was around not just our role as stewards of the environment and how we operate around campuses and in buildings, but … research, development, and our role as an academic institution,” he said. “[We need to pursue] training the next generation of sustainability leaders in tandem with the operational things we’re talking about today.”

Szanton spoke on a panel exploring the shortage of health care workers in the wake of the COVID-19 pandemic, spotlight a pilot program she developed called Neighborhood Nursing, which brings health care to Baltimore neighborhoods—and reduces disparities—by linking every resident to a nurse and community health worker.

Canares discussed her digital health venture, CurieDX, on a panel that examined the far-reaching impact of artificial intelligence on our daily lives, with a focus on how AI-powered technology is transforming industries and revolutionizing the consumer experience.

Four people sit on chairs onstage. Behind them is a sign that reads The Baltimore Banner, as well as a projector with their names and faces. The names on the projector read: David M. Rubenstein, Ronald J. Daniels, Brooke E. Lierman, and Mohan Suntha.

Image credit: Will Kirk / Johns Hopkins University



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