SC Median Household Income falling

The typical household in South Carolina is earning less than it was 12 years ago, worse than the national trend, according to a new U.S. Census report released this week. The report from the American Community Survey found the median income in South Carolina was a little over $43,107 last year. When adjusted for inflation, that is $5,294 less than it was in 2000. Median household income means that half of South Carolina households make more than $43,107, while half make less. It is not to be confused with average, which is the total amount of income divided by number of households. The same report also showed that the percentage of people considered living in poverty has increased in South Carolina, from 14.4% in 2000 to 18.3% in 2012.