Wealth Index
Least wealthy county in South Carolina
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Allendale County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $31,569 | $66,957 | $78,145 |
| Median Personal Income | $45,859 | $53,955 | $61,726 |
| Average income growth | 4.2% | 5.2% | 5.1% |
| Six-Figure Earners | 4.2% | 9.9% | 13.2% |
The median household income in Allendale County is about 53% lower than in South Carolina. Income has been growing slower in Allendale County (4.2%/yr) than in South Carolina (5.2%/yr).
About 4% of adults in Allendale County earn six figures ($100,000 or more) a year, lower than the South Carolina average of 10%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Allendale County, South Carolina grew by 51.6% from 2009 to 2023, reaching $31,569 in 2023. That's an average of about 4.2% per year.
Economic Inequality in Allendale County | Gender Pay Gap | Gini Coefficient
| Metric | Allendale County | South Carolina Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.618 | 0.557 | 0.570 |
| Male Median Income | $52,826 | $60,785 | $67,746 |
| Female Median Income | $40,766 | $47,591 | $54,793 |
| Gender Pay Gap | 22.8% | 21.7% | 19.1% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Allendale County, it is 0.618, higher than South Carolina's 0.557, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 30% more than women's income in Allendale County, South Carolina. Over a 35-year career, a 30% wage gap accumulates to roughly $422,100 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Allendale County, South Carolina has widened from about 12% to 23% in 2023. In dollar terms, the gap has widened by $8,411 since 2009.
Employment
| Metric | Allendale County | South Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 10.7% | 4.9% | 5.2% |
| Working from Home | 2.5% | 10.0% | 13.4% |
| Commute time (minutes) | 30 | 22 | 22 |
Approximately 307 people are unemployed in Allendale County, South Carolina.
The average commute time in Allendale County is 30 minutes, longer than the 22 minutes in South Carolina.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Allendale County, South Carolina has fallen from 20.0% to 10.7% in 2023.
Conclusion
Considering all these factors, Allendale County, South Carolina has an overall wealth index grade of F, making it somewhat worse than South Carolina, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Allendale County, South Carolina.
How Wealthy Is Allendale County, South Carolina?
Allendale County has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $31,569, about 53% lower than the South Carolina average of $66,957.
What is the current median household income in Allendale County, South Carolina?
As of 2023, the median household income in Allendale County, South Carolina is $31,569.
What was the median household income in Allendale County in 2023?
In 2023, the median household income in Allendale County, South Carolina was $31,569.
What was the median household income in Allendale County in 2020?
In 2020, the median household income in Allendale County, South Carolina was $26,686.
What is the Gini coefficient in Allendale County, South Carolina?
The Gini coefficient in Allendale County is 0.618. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Allendale County, South Carolina?
Since 2009, the income gap between men and women in Allendale County, South Carolina has widened from about 12% to 23% in 2023. In dollar terms, the gap has widened by $8,411 since 2009.