Living Wage Calculation for Florence, SC

The living wage shown is the hourly rate that an individual in a household must earn to support his or herself and their family. The assumption is the sole provider is working full-time (2080 hours per year). The tool provides information for individuals, and households with one or two working adults and zero to three children. In the case of households with two working adults, all values are per working adult, single or in a family unless otherwise noted.

The state minimum wage is the same for all individuals, regardless of how many dependents they may have. Data are updated annually, in the first quarter of the new year. State minimum wages are determined based on the posted value of the minimum wage as of January one of the coming year (National Conference of State Legislatures, 2019). The poverty rate reflects a person's gross annual income. We have converted it to an hourly wage for the sake of comparison.

For further detail, please reference the technical documentation here.

1 ADULT 2 ADULTS

(1 WORKING)

2 ADULTS

(BOTH WORKING)

0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children
Living Wage $10.99 $21.87 $25.25 $30.54 $17.70 $21.48 $24.08 $26.29 $8.73 $12.09 $13.98 $15.67
Poverty Wage $5.84 $7.91 $9.99 $12.07 $7.91 $9.99 $12.07 $14.14 $3.96 $5.00 $6.03 $7.07
Minimum Wage $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25

Typical Expenses

These figures show the individual expenses that went into the living wage estimate. Their values vary by family size, composition, and the current location.

1 ADULT 2 ADULTS

(1 WORKING)

2 ADULTS

(BOTH WORKING)

0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children
Food $2,994 $4,413 $6,644 $8,812 $5,489 $6,832 $8,822 $10,741 $5,489 $6,832 $8,822 $10,741
Child Care $0 $4,621 $6,660 $8,699 $0 $0 $0 $0 $0 $4,621 $6,660 $8,699
Medical $2,342 $7,149 $6,805 $6,887 $5,243 $6,805 $6,887 $6,606 $5,243 $6,805 $6,887 $6,606
Housing $6,469 $8,620 $8,620 $10,983 $6,899 $8,620 $8,620 $10,983 $6,469 $8,620 $8,620 $10,983
Transportation $4,623 $8,424 $9,905 $11,459 $8,424 $9,905 $11,459 $11,329 $8,424 $9,905 $11,459 $11,329
Other $2,824 $4,697 $5,099 $5,935 $4,697 $5,099 $5,935 $5,808 $4,697 $5,099 $5,935 $5,808
Required annual income after taxes $19,252 $37,923 $43,733 $52,775 $30,751 $37,261 $41,724 $45,467 $30,321 $41,882 $48,384 $54,166
Annual taxes $3,614 $7,563 $8,780 $10,744 $6,068 $7,425 $8,359 $9,213 $6,008 $8,393 $9,755 $11,035
Required annual income before taxes $22,866 $45,486 $52,513 $63,519 $36,819 $44,686 $50,083 $54,680 $36,329 $50,275 $58,138 $65,202

Typical Annual Salaries

These are the typical annual salaries for various professions in this location.

Occupational Area Typical Annual Salary
Management $89,056
Business & Financial Operations $54,810
Computer & Mathematical $59,357
Architecture & Engineering $76,063
Life, Physical, & Social Science $58,236
Community & Social Service $30,573
Legal $37,764
Education, Training, & Library $42,249
Arts, Design, Entertainment, Sports, & Media $36,705
Healthcare Practitioners & Technical $58,081
Healthcare Support $23,558
Protective Service $31,376
Food Preparation & Serving Related $19,196
Building & Grounds Cleaning & Maintenance $19,957
Personal Care & Service $19,844
Sales & Related $22,807
Office & Administrative Support $30,975
Farming, Fishing, & Forestry $29,709
Construction & Extraction $35,316
Installation, Maintenance, & Repair $40,243
Production $33,300
Transportation & Material Moving $26,201