Anderson, South Carolina Income Statistics
Anderson Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
D
Anderson Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Anderson | South Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $52,944 | $69,383 | $80,455 |
| Median Personal Income | $44,812 | $52,934 | $60,758 |
| Average Yearly Income Growth | 4.9% | 5.0% | 4.8% |
| Six-Figure Earners | 6.7% | 10.5% | 13.9% |
| $200k+ Households | 3.8% | 8.9% | 13.2% |
The median household income in Anderson is about 24% lower than in South Carolina. Income has been growing slower in Anderson (4.9%/yr) than in South Carolina (5.0%/yr).
About 7% of adults in Anderson earn six figures ($100,000 or more) a year, lower than the South Carolina average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Anderson, South Carolina grew by 52.9% from 2009 to 2024, reaching $52,944 in 2024. That's an average of about 4.9% per year.
Income Inequality and the Gender Pay Gap in Anderson
| Metric | Anderson | South Carolina Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.548 | 0.547 | 0.552 |
| Male Median Income | $55,585 | $62,655 | $69,667 |
| Female Median Income | $45,311 | $49,387 | $56,850 |
| Gender Pay Gap | 18.5% | 21.2% | 18.4% |
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 Anderson, it is 0.548, about the same as South Carolina's 0.547, so income here is about as evenly distributed as there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 23% more than women's income in Anderson, South Carolina. Over a 35-year career, a 23% wage gap accumulates to roughly $359,590 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Anderson, South Carolina has narrowed from about 21% to 18% in 2024. Over that period the gap was widest at 23% in 2018, and was narrowest at 12% in 2010. In dollar terms, the gap has widened by $1,632 since 2009.
Employment
| Metric | Anderson | South Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.5% | 4.8% | 5.2% |
| Working from Home | 6.3% | 11.5% | 15.0% |
| Commute time (minutes) | 17 | 22 | 22 |
Approximately 816 people are unemployed in Anderson, South Carolina.
The average commute time in Anderson is 17 minutes, shorter than the 22 minutes in South Carolina.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Anderson, South Carolina has fallen from 12.4% to 6.5% in 2024. Over that period the rate peaked at 13.5% in 2013 and fell as low as 5.4% in 2019.
Conclusion
Considering all these factors, Anderson, South Carolina has an overall wealth index grade of D, making it somewhat worse than South Carolina, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Anderson, South Carolina.
How Wealthy Is Anderson, South Carolina?
Anderson has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $52,944, about 24% lower than the South Carolina average of $69,383.
How fast is household income rising in Anderson, South Carolina?
Between 2009 and 2024, the median household income in Anderson, South Carolina rose 53%, from $34,637 to $52,944. Over the same years, income here lagged behind South Carolina as a whole: +53% against +59%.
What was the median household income in Anderson in 2023?
In 2023, the median household income in Anderson, South Carolina was $49,451, up 11% from $44,720 in 2022. The South Carolina median that year was $66,973.
What was the median household income in Anderson in 2020?
In 2020, the median household income in Anderson, South Carolina was $37,328. By 2024 it had risen 42% to $52,944.
Is it hard to find a job in Anderson, South Carolina?
Unemployment in Anderson, South Carolina is 6.5%, well above the South Carolina rate of 4.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Anderson, South Carolina?
The Gini coefficient in Anderson is 0.548. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Anderson, South Carolina?
Since 2009, the income gap between men and women in Anderson, South Carolina has narrowed from about 21% to 18% in 2024. Over that period the gap was widest at 23% in 2018, and was narrowest at 12% in 2010. In dollar terms, the gap has widened by $1,632 since 2009.
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