Wealth Index
Wealthier than 80% of counties 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 | Anderson County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $64,467 | $66,957 | $78,145 |
| Median Personal Income | $52,746 | $53,955 | $61,726 |
| Average income growth | 5.7% | 5.2% | 5.1% |
| Six-Figure Earners | 8.9% | 9.9% | 13.2% |
The median household income in Anderson County is about 4% lower than in South Carolina. Income has been growing faster in Anderson County (5.7%/yr) than in South Carolina (5.2%/yr).
About 9% of adults in Anderson 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 Anderson County, South Carolina grew by 49.6% from 2009 to 2023, reaching $64,467 in 2023. That's an average of about 5.7% per year.
Economic Inequality in Anderson County | Gender Pay Gap | Gini Coefficient
| Metric | Anderson County | South Carolina Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.544 | 0.557 | 0.570 |
| Male Median Income | $60,164 | $60,785 | $67,746 |
| Female Median Income | $44,219 | $47,591 | $54,793 |
| Gender Pay Gap | 26.5% | 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 Anderson County, it is 0.544, lower than South Carolina's 0.557, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 36% more than women's income in Anderson County, South Carolina. Over a 35-year career, a 36% wage gap accumulates to roughly $558,075 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 County, South Carolina has widened from about 25% to 27% in 2023. In dollar terms, the gap has widened by $5,429 since 2009.
Employment
| Metric | Anderson County | South Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.0% | 4.9% | 5.2% |
| Working from Home | 6.2% | 10.0% | 13.4% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 5,016 people are unemployed in Anderson County, South Carolina.
The average commute time in Anderson County is 22 minutes, about the same as in South Carolina.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Anderson County, South Carolina has fallen from 9.9% to 5.0% in 2023.
Conclusion
Considering all these factors, Anderson County, South Carolina has an overall wealth index grade of C, making it about on par with South Carolina, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Anderson County, South Carolina.
How Wealthy Is Anderson County, South Carolina?
Anderson County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $64,467, about 4% lower than the South Carolina average of $66,957.
What is the current median household income in Anderson County, South Carolina?
As of 2023, the median household income in Anderson County, South Carolina is $64,467.
What was the median household income in Anderson County in 2023?
In 2023, the median household income in Anderson County, South Carolina was $64,467.
What was the median household income in Anderson County in 2020?
In 2020, the median household income in Anderson County, South Carolina was $53,931.
What is the Gini coefficient in Anderson County, South Carolina?
The Gini coefficient in Anderson County is 0.544. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Anderson County, South Carolina?
Since 2009, the income gap between men and women in Anderson County, South Carolina has widened from about 25% to 27% in 2023. In dollar terms, the gap has widened by $5,429 since 2009.