Cheraw is a city in South Carolina state in USA with a population of 5596 residents.. The poverty rate of Cheraw is 37.2%, which is 166% higher than national average. The typical household in Cheraw earns $25548 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 3 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 5 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 72% of households earn less than $50,000 a year compared to 39% national rate. With a lack of available jobs, many in Cheraw are struggling financially. Nearly one in every 1 in every 6 workers in Cheraw is unemployed. The high jobless rate has likely contributed to the widespread poverty in the city.

A high school education is a basic prerequisite for most jobs, and in Cheraw, only 74% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Cheraw remained 17.8%, which is 279% higher than national rate. Nearly 4 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Cheraw, only 21% of adults have a bachelor's degree and 22% have some college but no degree.

Cost of living in Cheraw is 90, which is 10% lower than national average. Median home value in Cheraw is $111900 , which is 51% lower than national average. While median income in Cheraw remained $25548, which is 62% lower than national average.