Wealth Index
Wealthier than 89% 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 | Greenville County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $74,695 | $66,957 | $78,145 |
| Median Personal Income | $58,950 | $53,955 | $61,726 |
| Average income growth | 5.2% | 5.2% | 5.1% |
| Six-Figure Earners | 12.7% | 9.9% | 13.2% |
The median household income in Greenville County is about 12% higher than in South Carolina. Income has been growing faster in Greenville County (5.2%/yr) than in South Carolina (5.2%/yr).
About 13% of adults in Greenville County earn six figures ($100,000 or more) a year, higher than the South Carolina average of 10%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Greenville County, South Carolina grew by 59.9% from 2009 to 2023, reaching $74,695 in 2023. That's an average of about 5.2% per year.
Economic Inequality in Greenville County | Gender Pay Gap | Gini Coefficient
| Metric | Greenville County | South Carolina Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.560 | 0.557 | 0.570 |
| Male Median Income | $67,129 | $60,785 | $67,746 |
| Female Median Income | $50,718 | $47,591 | $54,793 |
| Gender Pay Gap | 24.4% | 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 Greenville County, it is 0.560, about the same as South Carolina's 0.557, so income here is about as evenly distributed as there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 32% more than women's income in Greenville County, South Carolina. Over a 35-year career, a 32% wage gap accumulates to roughly $574,385 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Greenville County, South Carolina has narrowed from about 25% to 24% in 2023. In dollar terms, the gap has widened by $5,224 since 2009.
Employment
| Metric | Greenville County | South Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 4.9% | 5.2% |
| Working from Home | 12.4% | 10.0% | 13.4% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 11,874 people are unemployed in Greenville County, South Carolina.
The average commute time in Greenville County is 21 minutes, shorter than the 22 minutes in South Carolina.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Greenville County, South Carolina has fallen from 8.9% to 4.2% in 2023.
Conclusion
Considering all these factors, Greenville County, South Carolina has an overall wealth index grade of B, making it somewhat better than South Carolina, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Greenville County, South Carolina.
How Rich Is Greenville County, South Carolina?
Greenville County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $74,695, about 12% higher than the South Carolina average of $66,957.
What is the current median household income in Greenville County, South Carolina?
As of 2023, the median household income in Greenville County, South Carolina is $74,695.
What was the median household income in Greenville County in 2023?
In 2023, the median household income in Greenville County, South Carolina was $74,695.
What was the median household income in Greenville County in 2020?
In 2020, the median household income in Greenville County, South Carolina was $62,921.
What is the Gini coefficient in Greenville County, South Carolina?
The Gini coefficient in Greenville County is 0.560. 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 Greenville County, South Carolina?
Since 2009, the income gap between men and women in Greenville County, South Carolina has narrowed from about 25% to 24% in 2023. In dollar terms, the gap has widened by $5,224 since 2009.