Despite a steady decline in the middle class across the majority of the U.S., a handful of cities have begun to see the opposite. According to a new study, California in particular has several cities where the middle class appears to thriving.
MoneyGeek analyzed over 600 cities in the U.S. and found that the middle class is growing by 40% in those cities. Five California cities finished ranked in the top 10 of cities that saw the most growth since 2018.
The city that saw the largest growth in middle class homes was Costa Mesa, which has had a 7.6% growth and was ranked fifth in the entire country. With a population of a little over 108,000, over 48% of residents make between $67,622 and $202,866 and are considered middle class in Costa Mesa…