Latest news with #U.S.CensusAmericanCommunitySurvey
Yahoo
4 days ago
- Business
- Yahoo
How long can $1 million retirement savings last in SC? See cost of living breakdown
Americans who wish to live comfortably during retirement will want to save around $1 million in the bank. This amount is the traditional standard for a comfortable retirement, but a GoBankingRates report found that this varies depending on what state you live in. For instance, those who reside in a more expensive sate like Hawaii or New York will want to work and save longer because $1 million won't last for 15 years. So where is the silver lining for Americans who can only save around $1 million? "There is a bit more cushion in many Midwestern and Southern states, though, if you live there or planning a move." said the report. Here's how long $1 million in retirement savings can last in South Carolina. To determine how long $1 million will last in retirement savings per state, the GoBankingRates report sourced data from the U.S. Census American Community Survey and the Missouri Economic Research Information Center for grocery, housing, utilities, transportation, and miscellaneous cost-of-living-indexes. The report also used the total population, population ages 65 and over, total households, and household median income to determine the findings. $1 million in retirement savings will last 18.7 years in S.C., per the report. Here is a breakdown of expenses: Annual groceries cost: $4,921 Annual housing cost: $10,386 Annual utilities cost: $4,430 Annual transportation cost: $4,382 Annual health care cost: $7,378 Total annual expenditures:$53,507 If you want your retirement savings to last the longest, you should consider uprooting to West Virginia, where $1 million will last 23.3 years. Here is a breakdown of expenses: Annual groceries cost: $4,906 Annual housing cost:$7,175 Annual utilities cost: $4,183 Annual transportation cost: $4,308 Annual healthcare cost: $7,751 Total annual expenditures: $40,816 Americans who only have around $1 million in retirement savings will want to avoid Hawaii at all costs (pun intended), where your savings will only last you 7.3 years. Here is a breakdown of expenses: Annual groceries cost: $6,463 Annual housing cost: $37,135 Annual utilities cost: $8,573 Annual transportation cost: $6,168 Annual healthcare cost:$9,607 Total annual expenditures: $137,773 West Virginia: 24.5 years Mississippi: 23.3 years Arkansas: 22.6 years Oklahoma: 22.5 years Alabama: 22.1 years Louisiana: 22.1 years Kansas: 21.6 years Iowa: 21.6 years Kentucky: 21.4 years Michigan: 21 years Hawaii: 7.3 years California: 9.2 years Massachusetts: 10 years Washington: 12 years New Jersey: 12.5 years New York: 13.1 years Oregon: 13.2 years Colorado: 13.4 years Utah: 13.6 years New Hampshire: 13.6 years Nina Tran covers trending topics for The Greenville News. Reach her via email at ntran@ This article originally appeared on Greenville News: Where will $1 million in retirement savings last longest?
Yahoo
08-07-2025
- Business
- Yahoo
Study ranks Arkansas eighth out of 50 states for income inequality
LITTLE ROCK, Ark. – A recent study found Arkansas near the top for income inequality. A study by personal finance site found that Arkansas ranked eighth out of the 50 states for income inequality. Arkansas Gov. Sarah Huckabee Sanders initiates Community Assistance Grant Program The study utilized data from the U.S. Census American Community Survey to develop a Gini index. A Gini index is a mathematical calculation of a state's income dispersion. After the formula is run, a number between one and zero is the result, where zero is perfect income equality. According to the index, Arkansas' Gini coefficient is 0.4807. The study's authors found that the average income for the bottom 20% of Arkansans was $13,044, while the top 20% brought home an average of $212,270. Narrowing it further, the top 5% of the state's population has an income of $385,873. Little Rock makes 'Top 100 Best Places to Live' list Breaking down the Arkansas income numbers, the study showed the bottom 20% have a 3.16% share of wealth, while the top 20% have a 51.43% share. The top 5% holds a 23.37% share. For bordering states, Mississippi was one spot higher than Arkansas at seventh with a 0.4840 Gini score. Louisiana was ranked third, with a Gini score of 0.4944. Missouri, Oklahoma, and Texas were ranked 22nd, 26th, and 16th, respectively, in the study. New York, where the top 5% earned an average of $600,000, ranks first in the study with a 0.5152 Gini score, and Utah came in at 50 with a 0.4277 score. Arkansas ranks 45th for child well-being in national report, despite modest gains The study found that out of the 50 states, 41 had the bottom 20% making less than $20,000 on average, while the top 20% were over $250,000 in 25 states. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
USA Today
21-06-2025
- Politics
- USA Today
Trump orders ICE to expand efforts in NYC, LA, Chicago: See how many immigrants live in major metros
In a lengthy June 15 Truth Social post, President Donald Trump called for the "largest mass deportation program in history," calling on ICE officers to expand detentions and deportations in Los Angeles, Chicago and New York, which he described as part of "the core of the Democrat Power Center." The post came after a weekend of nationwide "No King's Day protests and a military parade in the nation's capital to celebrate the Army's 250th birthday, a day that coincided with Trump's 79th birthday. According to U.S. Census data, The New York metro area has the nation's largest foreign-born population, followed by Los Angeles, Miami, Houston and Chicago. Trump did not mention Miami or Houston in his post, though they have some of the nation's largest foreign-born populations. Which cities have the most immigrants? Across the nation, immigrants make up roughly 14% of the population, according to the Bureau of Labor Statistics. Nearly two-thirds of foreign-born residents live in 20 major metropolitan areas, the Pew Research Center reported. The New York, Los Angeles and Miami metro areas had the largest population of immigrants. About 60% of the nation's undocumented population lives in these same metro areas. Immigrants make up 19.2% of the civilian labor force. Immigrant workers made up 28.6% of all people employed in the construction industry, according to the Census Bureau. According to the Institute on Taxation and Economic Policy, undocumented immigrants paid $96.7 billion in federal, state and local taxes in 2022. Of that amount, $59.4 billion was paid to the federal government, and the remaining $37.3 billion was paid to state and local governments. The U.S. Census American Community Survey of 2023 collected data on the cities Trump mentioned and the others in the top five. Here's the demographic breakdown: Los Angeles City Census Bureau data shows nearly half of Los Angeles' population is Hispanic or Latino, and a third of all residents living there are immigrants. This includes foreign-born U.S. citizens and noncitizens. Although the exact count of undocumented immigrants in the city is not known, a 2020 study by University of Southern California Dornsife, estimated about 900,000 people in Los Angeles were undocumented and that most had been in the United States for 10 years or more. According to the nonprofit California Budget and Policy Center, immigrants make up roughly one-third of workers in the state, comprising an outsize share of the workforce in physically intense sectors like construction and agriculture. Economists say having fewer immigrants in the United States could weaken the economy, causing labor shortages and slowing economic growth. A 2024 analysis from Jamshid Damooei, executive director at the Center for Economics of Social Issues at California Lutheran University, found that work from undocumented employees created an additional 1.25 million jobs in California. 37.9% of Los Angeles-area workers were immigrants in 2023, according to USAFacts. Chicago Illinois Gov. JB Pritzker defended sanctuary laws protecting undocumented immigrants at a congressional hearing June 12. 'Safe and compassionate immigration policies, I believe, are vital. In fact, my own family owes everything to this country accepting a young refugee named Nicholas Pritzker to its shores over a century ago," he said. The Illinois TRUST Act prohibits state and local law enforcement from arresting, searching or detaining a person because of their immigration status. The law prohibits local police from cooperating with federal immigration officers, with some exceptions. 23% of Chicago-area workers were immigrants in 2023, according to USAFacts. New York City ICE recently arrested New York City comptroller and Democratic mayoral candidate Brad Lander as he attempted to escort a man out of immigration court. The arrest, which went viral, is the latest standoff between federal agents and Democratic officials opposed to the Trump administration's tactics to detain mass numbers of of 2022, an estimated 412,000 undocumented immigrants lived in the city, according to the Mayor's Office of Immigrant Affairs. That's a decline of 32% from 2012. Immigrants make up nearly 40% of the total population in New York City. Immigrants made up 44.3% of the city's total labor force − more than double the national share of 18.6%, according to the New York State Comptroller's Office.'Many industries in the city depend on these workers, including construction, where foreign-born workers made up almost 70% of all workers, while 65% worked in transportation and utilities, and nearly 55% worked in manufacturing,' the report said. In 2023, 36.8% of New York-area workers were immigrants in 2023, according to USAFacts. Miami Miami recently voted to enter a 287(g) agreement with federal immigration authorities. The partnership will allow local Miami police to enforce federal immigration laws. Local and state police in Florida already have 292 signed and pending agreements, the most of any state. Miami is home to more than 252,000 immigrants, representing 55% of the city's total population, according to the Census Bureau. In 2023, 50.7% of Miami-area workers are were immigrants in 2023, according to USAFacts. Houston Texas Gov. Greg Abbott is expected to sign legislation that requires all county police to sign agreements with ICE, according to the Houston Chronicle. The partnership with federal immigration officials would allow local police to investigate the immigration status of people in their 70 counties in Texas already signed 287(g) agreements as of June. About 24% of Houston's population are immigrants, according to Census Bureau data. Immigrants make up nearly a third of the Houston workforce, according to the nonprofit American Immigration Council. As of 2023, 31% of Houston-area workers were immigrants, according to USAFacts. Read more: More than 600 local police agencies are partnering with ICE: See if yours is one of them
USA Today
20-06-2025
- Politics
- USA Today
Trump orders ICE arrests in NYC, LA, Chicago: See how many immigrants live in major metros
In a lengthy June 15 Truth Social post, President Donald Trump called for the "largest mass deportation program in history," calling on ICE officers to expand detentions and deportations in Los Angeles, Chicago and New York, which he described as part of "the core of the Democrat Power Center." The post came after a weekend of nationwide "No King's Day protests and a military parade in the nation's capital to celebrate the Army's 250th birthday, a day that coincided with Trump's 79th birthday. According to U.S. Census data, The New York metro area has the nation's largest foreign-born population, followed by Los Angeles, Miami, Houston and Chicago. Trump did not mention Miami or Houston in his post, though they have some of the nation's largest foreign-born populations. Which cities have the most immigrants? Across the nation, immigrants make up roughly 14% of the population, according to the Bureau of Labor Statistics. Nearly two-thirds of foreign-born residents live in 20 major metropolitan areas, the Pew Research Center reported. The New York, Los Angeles and Miami metro areas had the largest population of immigrants. About 60% of the nation's undocumented population lives in these same metro areas. Immigrants make up 19.2% of the civilian labor force. Immigrant workers made up 28.6% of all people employed in the construction industry, according to the Census Bureau. According to the Institute on Taxation and Economic Policy, undocumented immigrants paid $96.7 billion in federal, state and local taxes in 2022. Of that amount, $59.4 billion was paid to the federal government, and the remaining $37.3 billion was paid to state and local governments. The U.S. Census American Community Survey of 2023 collected data on the cities Trump mentioned and the others in the top five. Here's the demographic breakdown: Los Angeles City Census Bureau data shows nearly half of Los Angeles' population is Hispanic or Latino, and a third of all residents living there are immigrants. This includes foreign-born U.S. citizens and noncitizens. Although the exact count of undocumented immigrants in the city is not known, a 2020 study by University of Southern California Dornsife, estimated about 900,000 people in Los Angeles were undocumented and that most had been in the United States for 10 years or more. According to the nonprofit California Budget and Policy Center, immigrants make up roughly one-third of workers in the state, comprising an outsize share of the workforce in physically intense sectors like construction and agriculture. Economists say having fewer immigrants in the United States could weaken the economy, causing labor shortages and slowing economic growth. A 2024 analysis from Jamshid Damooei, executive director at the Center for Economics of Social Issues at California Lutheran University, found that work from undocumented employees created an additional 1.25 million jobs in California. 37.9% of Los Angeles-area workers were immigrants in 2023, according to USAFacts. Chicago Illinois Gov. JB Pritzker defended sanctuary laws protecting undocumented immigrants at a congressional hearing June 12. 'Safe and compassionate immigration policies, I believe, are vital. In fact, my own family owes everything to this country accepting a young refugee named Nicholas Pritzker to its shores over a century ago," he said. The Illinois TRUST Act prohibits state and local law enforcement from arresting, searching or detaining a person because of their immigration status. The law prohibits local police from cooperating with federal immigration officers, with some exceptions. 23% of Chicago-area workers were immigrants in 2023, according to USAFacts. New York City ICE recently arrested New York City comptroller and Democratic mayoral candidate Brad Lander as he attempted to escort a man out of immigration court. The arrest, which went viral, is the latest standoff between federal agents and Democratic officials opposed to the Trump administration's tactics to detain mass numbers of of 2022, an estimated 412,000 undocumented immigrants lived in the city, according to the Mayor's Office of Immigrant Affairs. That's a decline of 32% from 2012. Immigrants make up nearly 40% of the total population in New York City. Immigrants made up 44.3% of the city's total labor force − more than double the national share of 18.6%, according to the New York State Comptroller's Office.'Many industries in the city depend on these workers, including construction, where foreign-born workers made up almost 70% of all workers, while 65% worked in transportation and utilities, and nearly 55% worked in manufacturing,' the report said. In 2023, 36.8% of New York-area workers were immigrants in 2023, according to USAFacts. Miami Miami recently voted to enter a 287(g) agreement with federal immigration authorities. The partnership will allow local Miami police to enforce federal immigration laws. Local and state police in Florida already have 292 signed and pending agreements, the most of any state. Miami is home to more than 252,000 immigrants, representing 55% of the city's total population, according to the Census Bureau. In 2023, 50.7% of Miami-area workers are were immigrants in 2023, according to USAFacts. Houston Texas Gov. Greg Abbott is expected to sign legislation that requires all county police to sign agreements with ICE, according to the Houston Chronicle. The partnership with federal immigration officials would allow local police to investigate the immigration status of people in their 70 counties in Texas already signed 287(g) agreements as of June. About 24% of Houston's population are immigrants, according to Census Bureau data. Immigrants make up nearly a third of the Houston workforce, according to the nonprofit American Immigration Council. As of 2023, 31% of Houston-area workers were immigrants, according to USAFacts. Read more: More than 600 local police agencies are partnering with ICE: See if yours is one of them
San Francisco Chronicle
17-06-2025
- Business
- San Francisco Chronicle
20-somethings are leaving San Francisco — except for this one neighborhood
When Jack Giddings, 28, and his girlfriend Amanda Guo, also 28, decided to move in together, they had a short list of amenities that would make for their ideal place: They wanted somewhere with onsite parking, a more modern building and didn't want to deal with long commutes. Giddings works in downtown San Francisco and Guo commutes down to the Peninsula three times a week. While the couple originally looked in the more 'classic' San Francisco neighborhoods that they already knew and loved, like Nob Hill, Russian Hill, the Marina and the Mission, Giddings said, they couldn't find anything that checked their boxes and was in their budget. That's when their search brought them to SoMa, to a building right near Oracle Park. Their new spot has it all, Giddings said. It's just a 15 minute walk to his job and close to the freeways for hers, it's a newer building and, crucially, it has parking included. And there's an added benefit: plenty of nearby parks for their dog, Tuna (who, at just over 4 years old, you might also say is in his 20s in dog years — although the science of that is disputed). The data show that Giddings and Guo aren't alone. Though the city as a whole is seeing its share of 20-somethings shrink — part of an exodus spurred by the pandemic — SoMa is seeing the opposite. According to U.S. Census American Community Survey data from 2013 and 2023, about 16% of San Franciscans were between 22 and 29 in 2013. That declined to roughly 13% in 2023. But in SoMa, the trend was nearly the opposite. About 14% of residents were between 22 and 29 in 2013. That increased to about 20% by 2023, making it the only area to see a statistically significant increase in its 20-something population. Other parts of the city, like Potrero Hill, also saw increases in 20-somethings, per the data. But the margins of error on the population counts muddied the picture, making it possible that the changes were more due to counting errors than to actual changes, and thus not statistically significant. By the city's definition, SoMa, or South of Market, sweeps beneath Market Street from 3rd Street down to 11th Street, bordered on the southeast side by Townsend Street. The area features several tall residential buildings, many with amenities like gyms and roof decks. And over the last two decades, the neighborhood and the areas adjacent to it have seen tens of thousands of new housing units added — making it home to most of the city's new development over those 20 years. Still, it's an area that's struggled in the post-pandemic era, as businesses retreated from office buildings, construction languished and foot traffic slowed dramatically. On top of that, the neighborhood encompasses vastly different experiences, from luxury condos and trendy restaurants to troubled corridors like Sixth Street. To real estate agents, the demographic changes in SoMa weren't a surprise. Allison Fortini Crawford, a realtor with Sotheby's, listed off the very reasons that brought Giddings to SoMa, saying that the area has always attracted a younger age bracket because of its easy access to the freeway to get to tech jobs down the Peninsula, while still offering amenities like grocery stores, bars and restaurants within walking distance. And compared to other neighborhoods close to the freeway like Bernal Heights, SoMa is more 'hip,' she said, and less family-oriented. Real estate agents said that Potrero Hill, which saw a less statistically reliable increase, had many of the same qualities that might make it attractive to a younger crowd — particularly its proximity to the freeway — along with sweeping city views. Still, that doesn't mean SoMa is suddenly transforming into a 20-something haunt like the Marina. Giddings, for example, said that on the weekends, he and Guo spend a lot of their time in other neighborhoods where their friends live. 'We don't really stick around here that much,' Giddings said. 'Outside of baseball season, it's pretty quiet… it definitely caters towards commuters and people who are only here for work.'
