Mount Pleasant, South Carolina Income Statistics
Mount Pleasant 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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A+
Mount Pleasant Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Mount Pleasant | South Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $117,443 | $69,383 | $80,455 |
| Median Personal Income | $85,455 | $52,934 | $60,758 |
| Average Yearly Income Growth | 4.9% | 5.0% | 4.8% |
| Six-Figure Earners | 27.4% | 10.5% | 13.9% |
| $200k+ Households | 26.8% | 8.9% | 13.2% |
The median household income in Mount Pleasant is about 69% higher than in South Carolina. Income has been growing slower in Mount Pleasant (4.9%/yr) than in South Carolina (5.0%/yr).
About 27% of adults in Mount Pleasant 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 Mount Pleasant, South Carolina grew by 63.2% from 2009 to 2024, reaching $117,443 in 2024. That's an average of about 4.9% per year.
Income Inequality and the Gender Pay Gap in Mount Pleasant
| Metric | Mount Pleasant | South Carolina Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.514 | 0.547 | 0.552 |
| Male Median Income | $105,405 | $62,655 | $69,667 |
| Female Median Income | $72,460 | $49,387 | $56,850 |
| Gender Pay Gap | 31.3% | 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 Mount Pleasant, it is 0.514, 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 45% more than women's income in Mount Pleasant, South Carolina. Over a 35-year career, a 45% wage gap accumulates to roughly $1,153,075 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Mount Pleasant, South Carolina has widened from about 27% to 31% in 2024. Over that period the gap was widest at 33% in 2023, and was narrowest at 27% in 2021. In dollar terms, the gap has widened by $16,486 since 2009.
Sharply against the trend: the pay gap in Mount Pleasant widened by 3.8 points while South Carolina's narrowed by 2.3 points.
Employment
| Metric | Mount Pleasant | South Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.5% | 4.8% | 5.2% |
| Working from Home | 26.5% | 11.5% | 15.0% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 1,433 people are unemployed in Mount Pleasant, South Carolina.
The average commute time in Mount Pleasant is 22 minutes, about the same as in South Carolina.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Mount Pleasant, South Carolina has fallen from 5.1% to 3.5% in 2024. Over that period the rate peaked at 6.8% in 2013 and fell as low as 2.2% in 2019.
Mount Pleasant, SC Wealth Compared With Nearby Cities
How Mount Pleasant, SC compares with the 2 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| Mount Pleasant, SC | 77,795 | $117,443 #1/3 | 4.9%/yr #3/3 | 3.5% #3/3 | 0.514 #2/3 |
| Charleston, SC | 138,300 | $92,795 | 6.2%/yr | 3.2% | 0.525 |
| Hanahan, SC | 21,136 | $84,455 | 5.8%/yr | 2.5% | 0.501 |
Conclusion
Considering all these factors, Mount Pleasant, South Carolina has an overall wealth index grade of A+, making it far better than South Carolina, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Mount Pleasant, South Carolina.
How Rich Is Mount Pleasant, South Carolina?
Mount Pleasant 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 it is one of the most prosperous areas in the country. The median household income is $117,443, about 69% higher than the South Carolina average of $69,383.
Are incomes growing in Mount Pleasant, South Carolina?
Between 2009 and 2024, the median household income in Mount Pleasant, South Carolina rose 63%, from $71,964 to $117,443. Over the same years, income here outpaced South Carolina as a whole: +63% against +59%.
What was the median household income in Mount Pleasant in 2023?
In 2023, the median household income in Mount Pleasant, South Carolina was $116,306, up 6% from $109,919 in 2022. The South Carolina median that year was $66,973.
What was the median household income in Mount Pleasant in 2020?
In 2020, the median household income in Mount Pleasant, South Carolina was $102,187. By 2024 it had risen 15% to $117,443.
Do many residents of Mount Pleasant, South Carolina earn over $100,000?
Yes. 27% of adults in Mount Pleasant, South Carolina earn $100,000 or more a year (about 1 in 4), against 11% (about 1 in 9) in South Carolina. 27% of households have a combined income of $200,000 or more, compared with 9% in South Carolina.
Is it hard to find a job in Mount Pleasant, South Carolina?
Unemployment in Mount Pleasant, South Carolina is only 3.5%, 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 Mount Pleasant, South Carolina?
The Gini coefficient in Mount Pleasant is 0.514. 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 Mount Pleasant, South Carolina?
Since 2009, the income gap between men and women in Mount Pleasant, South Carolina has widened from about 27% to 31% in 2024. Over that period the gap was widest at 33% in 2023, and was narrowest at 27% in 2021. In dollar terms, the gap has widened by $16,486 since 2009.
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