South Carolina households must make at least $21,583 to reach middle class, study finds.
What salary is considered middle class in South Carolina?
The following data are the most current income statistics for South Carolina from the US Census Bureau, are in 2020 inflation adjusted dollars and are from the American Community Survey 2020 5-year estimates. Median Household Income: $54,864. Average Household Income: $76,390. Per Capita Income: $30,727.
What is considered upper class in South Carolina?
South Carolina households must make at least $112,365 to be in state’s top 20% (The Center Square) – In South Carolina, households must earn a minimum of $112,365 per year to be among the top one-fifth of the state’s income earners, according to a new 24/7 Wall St.
What is the average household income in Charleston South Carolina?
Table
| Population | |
|---|---|
| Transportation | |
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 24.2 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $67,182 |
How much do you need to live comfortably in Charleston SC?
In Charleston, the necessary pre-tax income for a single person with no children is $34,171 — about 12% more than the state average. That breaks down to about $16.43 per hour. A single parent of one child in Charleston needs to make $67,162, or about $32.29 per hour.
What is a comfortable salary in South Carolina?
According to the Economic Policy Institute, the annual cost of living for a single person without any children averages to $2,332 monthly. If you’re single, you need to make $14.72 per hour in order to make a liveable wage in South Carolina. In 2018, the median household income was $57,340.
What is considered upper middle class in South Carolina?
South Carolina households must make at least $21,583 to reach middle class, study finds. (The Center Square) – In South Carolina, households must earn a minimum of $21,583 per year to be considered middle class, with the upper earnings boundary set at $102,365, according to a new 24/7 Wall St. analysis.
Is 100k a year middle class?
The bottom line is: $100,000 is on the middle-class spectrum, but barely: 75 percent of U.S. households make less than that. Others prefer to define middle class by the lifestyle you can afford.
What is the average family income in South Carolina?
Table
| Population | |
|---|---|
| Transportation | |
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 25.1 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $54,864 |
What are the 5 social classes?
Gallup has, for a number of years, asked Americans to place themselves — without any guidance — into five social classes: upper, upper-middle, middle, working and lower. These five class labels are representative of the general approach used in popular language and by researchers.
What is a good salary in Charleston SC?
A good salary in Charleston, SC is anything over $52,000. That’s because the median income in Charleston is $52,000, which means if you earn more than that you’re earning more than 50% of the people living in Charleston. The average salary in Charleston is $62,204. A good hourly wage in Charleston is $25.0 per hour.
What is a living wage in Charleston SC?
Living Wage Calculation for Charleston County, South Carolina
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $19.42 | $23.40 |
| Poverty Wage | $6.19 | $6.37 |
| Minimum Wage | $7.25 | $7.25 |
How expensive is it to live in Charleston SC?
Charleston cost of living is 111.5
| COST OF LIVING | Charleston | South Carolina |
|---|---|---|
| Grocery | 105.6 | 95.8 |
| Health | 98.1 | 102.3 |
| Housing | 136.9 | 73.6 |
| Median Home Cost | $386,600 | $223,400 |
Where do the wealthy live in Charleston?
The priciest neighborhoods around Charleston, S.C.
- Downtown Charleston: The Historic District.
- Mount Pleasant: Hobcaw Point/Scanlonville.
- Daniel Island.
- North Charleston: Club Course Drive / Dorchester Road.
- Goose Creek: Caromi Village.
- James Island: Harborview Road / Clearview Drive.
Is it cheaper to live in NC or SC?
While North Carolina’s overall cost of living is still lower compared to the national average of 100%, it’s still slightly above South Carolina’s cost of living. Furthermore, people living in NC pay below the country’s average for housing, groceries, utilities, and transportation.
Is Charleston SC affordable?
Aside from housing, Charleston offers a relatively affordable lifestyle. The financial benefits from moving to the Holy City include lower property taxes. South Carolina is the 7th lowest average property tax rate in the nation.
What is a good hourly wage in South Carolina?
South Carolina Jobs by Hourly Rate
| Job Title | Range | Average |
|---|---|---|
| Cashier | Range:$8 – $12 | Average:$10 |
| Administrative Assistant | Range:$11 – $20 | Average:$15 |
| Sales Associate | Range:$8 – $14 | Average:$11 |
| Customer Service Representative (CSR) | Range:$10 – $19 | Average:$14 |
What is the average cost of a home in South Carolina?
South Carolina cost of living is 88.5%
| COST OF LIVING | South Carolina | United States |
|---|---|---|
| Median Home Cost | $170,100 | $231,200 |
| Utilities | 103.9 | 100 |
| Transportation | 86.8 | 100 |
| Miscellaneous | 95.6 | 100 |
What salary is upper middle class?
A family earning between $32,048 and $53,413 was considered lower-middle class. For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.
What is the wealthiest zip code in South Carolina?
| List of 25 Wealthiest Zipcodes in South Carolina | ||
|---|---|---|
| Rank | Zipcode | Zip Name |
| 1 | 29482 | Sullivans Island |
| 2 | 29941 | Sheldon |
| 3 | 29401 | Charleston |
What is a good net worth by age?
The average net worth for U.S. families is $748,800. The median — a more representative measure — is $121,700.
Average net worth by age.
| Age of head of family | Median net worth | Average net worth |
|---|---|---|
| 35-44 | $91,300 | $436,200 |
| 45-54 | $168,600 | $833,200 |
| 55-64 | $212,500 | $1,175,900 |
| 65-74 | $266,400 | $1,217,700 |