Deep Creek Lake Real Estate Blog - Jay Ferguson

Deep Creek Lake Real Estate Blog - Jay Ferguson
EVERYTHING under the sun about Deep Creek Lake, Maryland! Deep Creek Lake Real Estate Information, Local News & Happenings in Garrett County Maryland, Current Events, Local Business Profiles, Upcoming Attractions, Vacation Rentals, Resort Realty, Community Profiles, Homes for Sale, Restaurants & Dining, Entertainment Schedules, Festivals & Gatherings, Churches & Charities, Wisp Ski & Golf Resort, Swallow Falls State Park, Youghiogheny & Casselman River, Garrett County Fair & more!

Friday, February 24, 2012

Median wages in Md. fail to keep up with cost of basic needs, report says

By Caitlin Johnston and Carl Straumsheim, Special to The Baltimore Sun

February 23, 2012

A family of three in Baltimore County needs about $62,000 just to make ends meet, a new report shows. And, without government assistance, minimum wage barely gets them a quarter of the way there.

In Baltimore City, that same family of an adult with a preschooler and a school-age child needs nearly $50,000, the report said, for a bare-bones budget.

The 2012 Self-Sufficiency Standard, scheduled to be released in Annapolis on Thursday morning, calculates the cost of living for Maryland families based on prices of such necessities as housing, food, transportation and child care. The report, prepared for the Maryland Community Action Partnership, found that median wages in Maryland — which have risen about 25 percent since 2001 — have failed to keep up with the increasing costs of basic needs, which are up statewide about 54 percent.

More here.


Buying or selling real estate in Garrett County or Deep Creek Lake, Maryland? Call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues!
877-563-5350 - toll free

No comments: