Ever wonder why it is so hard for a family in poverty to maintain housing?
The 2010 federal poverty threshold for a family of three is $18,310 ($1,525.83 per month). The 2010 living income for a family of three in Charlotte-Mecklenburg is $45,985. Below is a list of an example monthly budget for a family of three (one adult, two children), according to the NC Justice: North Carolina Living Income Standard.
- Housing – $707
- Food – $468
- Childcare – $986
- Health care – $685
- Transportation – $356
- Other necessities – $317
- Taxes – $404
- Refundable tax credits – ($56)
The hourly wage needed to afford this budget is $22.31.