McCormick County, South Carolina Income Statistics
McCormick County Wealth Score
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.
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D
McCormick County Well below averageLess wealthy than 84% of counties in South Carolina
Source: Map AI Methodology
Income Statistics Overview
| Metric | McCormick County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $56,387 | $69,383 | $80,455 |
| Median Personal Income | $45,213 | $52,934 | $60,758 |
| Average Yearly Income Growth | 4.2% | 5.0% | 4.8% |
| Six-Figure Earners | 5.1% | 10.5% | 13.9% |
| $200k+ Households | 2.7% | 8.9% | 13.2% |
The median household income in McCormick County is about 19% lower than in South Carolina. Income has been growing slower in McCormick County (4.2%/yr) than in South Carolina (5.0%/yr).
About 5% of adults in McCormick County 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 McCormick County, South Carolina grew by 62.4% from 2009 to 2024, reaching $56,387 in 2024. That's an average of about 4.2% per year.
Income Inequality and the Gender Pay Gap in McCormick County
| Metric | McCormick County | South Carolina Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.545 | 0.547 | 0.552 |
| Male Median Income | $48,262 | $62,655 | $69,667 |
| Female Median Income | $48,870 | $49,387 | $56,850 |
| Gender Pay Gap | -1.3% | 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 McCormick County, it is 0.545, about the same as South Carolina's 0.547, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Women's income is about 1% more than men's income in McCormick County, South Carolina. Over a 35-year career, a 1% wage gap accumulates to roughly $21,280 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in McCormick County, South Carolina has narrowed from about 23% to -1% in 2024. Over that period the gap was widest at 26% in 2015, and in 2023 women out-earned men by 5%. In dollar terms, the gap has narrowed by $8,023 since 2009.
Employment
| Metric | McCormick County | South Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 4.8% | 5.2% |
| Working from Home | 11.4% | 11.5% | 15.0% |
| Commute time (minutes) | 33 | 22 | 22 |
Approximately 135 people are unemployed in McCormick County, South Carolina.
The average commute time in McCormick County is 33 minutes, longer than the 22 minutes in South Carolina.
Unemployment Rate Over Time
Since 2011, the unemployment rate in McCormick County, South Carolina has fallen from 12.3% to 4.4% in 2024. Over that period the rate peaked at 16.5% in 2014.
McCormick County, SC Wealth Compared With Nearby Counties
McCormick County, SC is the 5th largest of the 6 counties compared here, 9,759 residents against a local median of 27,456. McCormick County, SC's income growth, at 4.2%/yr, runs 20% below the 5.3%/yr typical of the counties around it. That is the weaker end of the local range on this measure.
The counties themselves spread 3.0%/yr on income growth, so McCormick County, SC sits at one end of an already wide local range rather than apart from it. McCormick County, SC has the 5th highest income growth of the 6 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. |
|---|---|---|---|---|---|
| McCormick County, SC | 9,759 | $56,387 #4/6 | 4.2%/yr #5/6 | 4.4% #3/6 | 0.545 #4/6 |
| Lincoln County, GA | 7,854 | $57,022 | 6.6%/yr | 2.8% | 0.545 |
| Greenwood County, SC | 69,502 | $52,644 | 4.2%/yr | 5.5% | 0.537 |
| Abbeville County, SC | 24,414 | $52,912 | 5.5%/yr | 4.0% | 0.526 |
| Columbia County, GA | 162,330 | $95,509 | 3.6%/yr | 4.6% | 0.549 |
| Edgefield County, SC | 27,456 | $71,945 | 5.3%/yr | 4.8% | 0.588 |
Conclusion
Considering all these factors, McCormick County, 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 McCormick County, South Carolina.
How Rich Is McCormick County, South Carolina?
McCormick County 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 $56,387, about 19% lower than the South Carolina average of $69,383.
How has median household income changed in McCormick County, South Carolina?
Between 2009 and 2024, the median household income in McCormick County, South Carolina rose 62%, from $34,717 to $56,387. Over the same years, income here outpaced South Carolina as a whole: +62% against +59%.
What was the median household income in McCormick County in 2023?
In 2023, the median household income in McCormick County, South Carolina was $56,058, up 1% from $55,496 in 2022. The South Carolina median that year was $66,973.
What was the median household income in McCormick County in 2020?
In 2020, the median household income in McCormick County, South Carolina was $47,475. By 2024 it had risen 19% to $56,387.
What is the Gini coefficient in McCormick County, South Carolina?
The Gini coefficient in McCormick County is 0.545. 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 McCormick County, South Carolina?
Since 2009, the income gap between men and women in McCormick County, South Carolina has narrowed from about 23% to -1% in 2024. Over that period the gap was widest at 26% in 2015, and in 2023 women out-earned men by 5%. In dollar terms, the gap has narrowed by $8,023 since 2009.
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