South Carolina Income Statistics 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.
What is the average individual income in South Carolina?
Table
| Population | |
|---|---|
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $54,864 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $30,727 |
| Persons in poverty, percent | 13.8% |
What is considered high income in South Carolina?
In the nation as a whole, the richest 20% of households earn at least $131,350 annually, according to the analysis. And to be in the top 5% of income earners in South Carolina, households need to make at least $204,826 per year. The state’s current median household income stands at $56,227 annually, the report says.
What is a middle class salary in South Carolina?
(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.
What is the average income in South Carolina 2021?
In 2021, the per capita personal income in South Carolina was 52,074 U.S. dollars. Per capita personal income is calculated as the personal income of the residents of a given area divided by the resident population of the area.
What is the poverty line in SC?
How is poverty defined? In 2018, the federal poverty income threshold was $25,465 for a family of four with two children, and $17,308 for a single parent of one child. If a family’s total income is less than the corresponding threshold, then that family and every individual in it is considered in poverty.
What is the average net worth in South Carolina?
Net Worth Breakdown by State
| Rank | State | Amount |
|---|---|---|
| 26 | South Carolina | $587,075 |
| 27 | Georgia | $568,001 |
| 28 | New Mexico | $553,107 |
| 29 | Wisconsin | $553,086 |
What is a good salary in South Carolina?
Average Salary in South Carolina
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $84,961 | $7,080 |
| 75th Percentile | $69,857 | $5,821 |
| Average | $63,020 | $5,251 |
| 25th Percentile | $46,728 | $3,894 |
What is the richest county in South Carolina?
Beaufort
South Carolina Counties Ranked by Per Capita Income
| Rank | County | Per capita income |
|---|---|---|
| 1 | Beaufort | $32,731 |
| 2 | Charleston | $29,401 |
| United States | $27,334 | |
| 3 | Lexington | $26,393 |
What is considered middle class?
The Pew Research Center has put a financial definition to the term “middle income.” To be considered part of that group in 2021—which is synonymous with middle-class, according to Pew—a single American must have earned $30,003 to $90,010, according to a new set of reports released Wednesday.
What salary is upper 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 upper class income for a single person?
An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher. However, an upper class income also depends on where you live.
How many millionaires are there in South Carolina?
The Palmetto state has 76,831 households with $1 million or more in investable assets, according to the study, which is 4.2 percent of total households. North Carolina is ranked 44th with 158,447 millionaire households, or 4.1 percent.
What is the whitest county in SC?
South Carolina White Population Percentage by County
| County | Value |
|---|---|
| Spartanburg | 74.1 |
| Sumter | 47.9 |
| Union | 65.3 |
| Williamsburg | 32.8 |
What percentage of Americans make over 100k?
30.7%
About 30.7% of households earned over $100,000 in 2020. In 2019, around 15.5% of Americans earned between $100,000 and $149,999; about 8.3% of the population earned between $150,000 and $199,999; and about 10.3% of the population earned over $200,000.
What is the income range for middle class?
So who is in the middle class? Broadly, Pew Research Center defines middle-class households as making two-thirds to double America’s median income. That adds up to an income range of about $30,000 to $90,000 for single Americans in 2020 dollars.
Is SC a poor state?
With its poverty, lower life expectancy and unsettling crime rate , South Carolina ranks as the eighth worst state in the nation in a new report on the best and worst places to raise a family. The report compares states across dozens of indicators, such as affordable housing, education quality, median income and crime.
What is considered low income?
By government standards, “low-income” earners are men and women whose household income is less than double the Federal Poverty Level (FPL). For a single person household, the 2019 FPL was $12,490 a year. That means that a single person making less than $25,000 a year would be considered low income.
What is the income limit for Section 8 in South Carolina?
Am I Eligible?
| Family Size | Housing Choice Voucher Program | Public Housing Program |
|---|---|---|
| 5 | $38,950 | $62,350 |
| 6 | $41,850 | $66,950 |
| 7 | $44,750 | $71,550 |
| 8 | $47,600 | $76,200 |
What is the majority race in South Carolina?
South Carolina Demographics
White: 67.16% Black or African American: 26.77% Two or more races: 2.31%
What’s 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 |
