Know your

Socio Economic Status

Check where you are in the socio economic ladder

What is Socio Economic Status?

Though the Socio Economic Status depends on a lot of factors like per head income, spending habits, financial knowledge. The monthly income plays an important role be it from job or business or investments or combination of sources.
The socio economic status calculation is done based on the data shared by World Bank Group and other agencies.
The standard considered here is derived from US standard of per head per day income which is $2 as the poverty line and is built up on that.

The socio economic status is defined as per below categorization:
(income per day per head)
Below poverty line - $2 or less per head per day (₹165 or less)
Low income group - $2.01 to $10 per head per day (₹166 to ₹800)
Middle income group - $10.01 tp $30 per head per day (₹801 to ₹2500)
High income group - $30.01 tp $50 per head per day (₹2501 to ₹4200)
Rich - $50 and above per head per day (₹4200 or more)

For a family of 4, this translates to

Socio Economic Status
Monthly Income (US$)
Monthly Income (IN₹)
Below poverty line $240 and below ₹20,000 and below
Low income group $241 to $1,200 ₹20,001 to ₹96,000
Middle income group $1,201 to $3,600 ₹96,001 to ₹3,00,000
High income group $3,601 to $6,000 ₹3,00,001 to ₹5,04,000
Rich $6,001 and above ₹5,04,000 and above

Calculate your Socio Economic Status









bruce

Warren P

Traveler, Technologist, Husband, Father

Warren has graduated from a premium Indian institute, and works as a Director and Program Manager with a tech firm. With expertise in Mobile Payments, he works closely with worlds leading tech firms and help them securing a new and versatile channel for payments. He loves helping people and teaching them about personal finance and how to do the impossible!