Fort Mill, South Carolina Income Statistics
Fort Mill 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.
-
A
Fort Mill Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Fort Mill | South Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $113,076 | $69,383 | $80,455 |
| Median Personal Income | $78,567 | $52,934 | $60,758 |
| Average Yearly Income Growth | 5.6% | 5.0% | 4.8% |
| Six-Figure Earners | 22.3% | 10.5% | 13.9% |
| $200k+ Households | 21.7% | 8.9% | 13.2% |
The median household income in Fort Mill is about 63% higher than in South Carolina. Income has been growing faster in Fort Mill (5.6%/yr) than in South Carolina (5.0%/yr).
About 22% of adults in Fort Mill earn six figures ($100,000 or more) a year, higher than the South Carolina average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Fort Mill, South Carolina grew by 69.8% from 2009 to 2024, reaching $113,076 in 2024. That's an average of about 5.6% per year.
Income Inequality and the Gender Pay Gap in Fort Mill
| Metric | Fort Mill | South Carolina Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.533 | 0.547 | 0.552 |
| Male Median Income | $103,417 | $62,655 | $69,667 |
| Female Median Income | $69,424 | $49,387 | $56,850 |
| Gender Pay Gap | 32.9% | 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 Fort Mill, it is 0.533, lower than South Carolina's 0.547, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 49% more than women's income in Fort Mill, South Carolina. Over a 35-year career, a 49% wage gap accumulates to roughly $1,189,755 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Fort Mill, South Carolina has widened from about 32% to 33% in 2024. Over that period the gap was widest at 42% in 2013, and was narrowest at 26% in 2020. In dollar terms, the gap has widened by $14,689 since 2009.
Employment
| Metric | Fort Mill | South Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.2% | 4.8% | 5.2% |
| Working from Home | 25.1% | 11.5% | 15.0% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 442 people are unemployed in Fort Mill, South Carolina.
The average commute time in Fort Mill is 22 minutes, about the same as in South Carolina.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Fort Mill, South Carolina has fallen from 5.9% to 3.2% in 2024. Over that period the rate peaked at 7.0% in 2014 and fell as low as 2.8% in 2019.
Conclusion
Considering all these factors, Fort Mill, South Carolina has an overall wealth index grade of A, making it far better than South Carolina, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Fort Mill, South Carolina.
How Rich Is Fort Mill, South Carolina?
Fort Mill has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $113,076, about 63% higher than the South Carolina average of $69,383.
Are incomes growing in Fort Mill, South Carolina?
Between 2009 and 2024, the median household income in Fort Mill, South Carolina rose 70%, from $66,609 to $113,076. Over the same years, income here outpaced South Carolina as a whole: +70% against +59%.
What was the median household income in Fort Mill in 2023?
In 2023, the median household income in Fort Mill, South Carolina was $116,380, up 3% from $113,481 in 2022. The South Carolina median that year was $66,973.
What was the median household income in Fort Mill in 2020?
In 2020, the median household income in Fort Mill, South Carolina was $99,087. By 2024 it had risen 14% to $113,076.
Is Fort Mill, South Carolina a high-income area?
Yes. 22% of adults in Fort Mill, South Carolina earn $100,000 or more a year (about 1 in 4), against 11% (about 1 in 9) in South Carolina. 22% of households have a combined income of $200,000 or more, compared with 9% in South Carolina.
How strong is the job market in Fort Mill, South Carolina?
Unemployment in Fort Mill, South Carolina is only 3.2%, well below the South Carolina rate of 4.8%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Fort Mill, South Carolina?
The Gini coefficient in Fort Mill is 0.533. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Fort Mill, South Carolina?
Since 2009, the income gap between men and women in Fort Mill, South Carolina has widened from about 32% to 33% in 2024. Over that period the gap was widest at 42% in 2013, and was narrowest at 26% in 2020. In dollar terms, the gap has widened by $14,689 since 2009.
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