Monday, March 17, 2014

What it Takes for Two Types of Families to Live Modestly in Florence, South Carolina

     For context to this post see Uncle Sam's Poverty Guidelines.

     Midwest cities like Kokomo, Ind. can be mighty cold in the winter. Warmer climes might be friendlier and more cost efficient. Let's see what Florence, South Carolina has to offer. Again, please use your own personal reference when considering this unscientific budget study for two types of families;

     Florence's median income is $41,738 with 19.9% of the population living at or below the poverty level between 2008 and 2012. Our hunch was right, it is cheaper to live in Florence according to our friends at the Economic Policy Institute.

      It will only take the family of four a little over 149 hours weekly to make sufficient income and the family of two a little over 111 hours at the minimum wage rate.

     The population of Florence is 137,948 in 2012. 26,900 people lived at or below the federally defined poverty level.


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