Hanahan, South Carolina Income Statistics
Hanahan 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.
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B
Hanahan Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Hanahan | South Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $84,455 | $69,383 | $80,455 |
| Median Personal Income | $59,137 | $52,934 | $60,758 |
| Average Yearly Income Growth | 5.8% | 5.0% | 4.8% |
| Six-Figure Earners | 11.5% | 10.5% | 13.9% |
| $200k+ Households | 9.3% | 8.9% | 13.2% |
The median household income in Hanahan is about 22% higher than in South Carolina. Income has been growing faster in Hanahan (5.8%/yr) than in South Carolina (5.0%/yr).
About 12% of adults in Hanahan 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 Hanahan, South Carolina grew by 83.0% from 2009 to 2024, reaching $84,455 in 2024. That's an average of about 5.8% per year.
Income Inequality and the Gender Pay Gap in Hanahan
| Metric | Hanahan | South Carolina Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.501 | 0.547 | 0.552 |
| Male Median Income | $72,152 | $62,655 | $69,667 |
| Female Median Income | $59,010 | $49,387 | $56,850 |
| Gender Pay Gap | 18.2% | 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 Hanahan, it is 0.501, 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 22% more than women's income in Hanahan, South Carolina. Over a 35-year career, a 22% wage gap accumulates to roughly $459,970 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hanahan, South Carolina has widened from about 8% to 18% in 2024. Over that period the gap was widest at 32% in 2013. In dollar terms, the gap has widened by $10,324 since 2009.
Sharply against the trend: the pay gap in Hanahan widened by 10.2 points while South Carolina's narrowed by 2.3 points.
Employment
| Metric | Hanahan | South Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.5% | 4.8% | 5.2% |
| Working from Home | 12.0% | 11.5% | 15.0% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 281 people are unemployed in Hanahan, South Carolina.
The average commute time in Hanahan is 22 minutes, about the same as in South Carolina.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hanahan, South Carolina has fallen from 10.2% to 2.5% in 2024. Over that period the rate peaked at 10.8% in 2012 and fell as low as 2.3% in 2022.
Hanahan, SC Wealth Compared With Nearby Cities
Hanahan, SC is the smallest of the 4 cities compared here, 21,136 residents against a local median of 123,884. Where Hanahan, SC breaks from the cities next to it is unemployment, sitting 21% below the local median of 3.2% at 2.5%. That is the better end of the local range on this measure.
The cities themselves spread 1.8% on unemployment, so Hanahan, SC sits at one end of an already wide local range rather than apart from it. Hanahan, SC has the 2nd lowest unemployment of the 4 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Hanahan, SC | 21,136 | $84,455 #3/4 | 5.8%/yr #3/4 | 2.5% #2/4 | 0.501 #2/4 |
| Goose Creek, SC | 42,757 | $89,525 | 5.1%/yr | 2.4% | 0.496 |
| North Charleston, SC | 123,884 | $64,619 | 6.0%/yr | 4.1% | 0.524 |
| Charleston, SC | 138,300 | $92,795 | 6.2%/yr | 3.2% | 0.525 |
Conclusion
Considering all these factors, Hanahan, 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 Hanahan, South Carolina.
How Rich Is Hanahan, South Carolina?
Hanahan 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 $84,455, about 22% higher than the South Carolina average of $69,383.
How has median household income changed in Hanahan, South Carolina?
Between 2009 and 2024, the median household income in Hanahan, South Carolina rose 83%, from $46,143 to $84,455. Over the same years, income here outpaced South Carolina as a whole: +83% against +59%.
What was the median household income in Hanahan in 2023?
In 2023, the median household income in Hanahan, South Carolina was $80,829, up 5% from $76,978 in 2022. The South Carolina median that year was $66,973.
What was the median household income in Hanahan in 2020?
In 2020, the median household income in Hanahan, South Carolina was $66,668. By 2024 it had risen 27% to $84,455.
Is it hard to find a job in Hanahan, South Carolina?
Unemployment in Hanahan, South Carolina is only 2.5%, 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 Hanahan, South Carolina?
The Gini coefficient in Hanahan is 0.501. 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 Hanahan, South Carolina?
Since 2009, the income gap between men and women in Hanahan, South Carolina has widened from about 8% to 18% in 2024. Over that period the gap was widest at 32% in 2013. In dollar terms, the gap has widened by $10,324 since 2009.
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