Wealth Index
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 | North Augusta | South Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $78,765 | $66,957 | $78,145 |
| Median Personal Income | $66,266 | $53,955 | $61,726 |
| Average income growth | 7.8% | 5.2% | 5.1% |
| Six-Figure Earners | 13.7% | 9.9% | 13.2% |
The median household income in North Augusta is about 18% higher than in South Carolina. Income has been growing faster in North Augusta (7.8%/yr) than in South Carolina (5.2%/yr).
About 14% of adults in North Augusta 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 North Augusta, South Carolina grew by 75.9% from 2009 to 2023, reaching $78,765 in 2023. That's an average of about 7.8% per year.
Economic Inequality in North Augusta | Gender Pay Gap | Gini Coefficient
| Metric | North Augusta | South Carolina Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.546 | 0.557 | 0.570 |
| Male Median Income | $74,302 | $60,785 | $67,746 |
| Female Median Income | $54,804 | $47,591 | $54,793 |
| Gender Pay Gap | 26.2% | 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 North Augusta, it is 0.546, lower than South Carolina's 0.557, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 36% more than women's income in North Augusta, South Carolina. Over a 35-year career, a 36% wage gap accumulates to roughly $682,430 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in North Augusta, South Carolina has widened from about 15% to 26% in 2023. In dollar terms, the gap has widened by $12,683 since 2009.
Employment
| Metric | North Augusta | South Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.1% | 4.9% | 5.2% |
| Working from Home | 10.5% | 10.0% | 13.4% |
| Commute time (minutes) | 20 | 22 | 22 |
Approximately 713 people are unemployed in North Augusta, South Carolina.
The average commute time in North Augusta is 20 minutes, shorter than the 22 minutes in South Carolina.
Unemployment Rate Over Time
Since 2011, the unemployment rate in North Augusta, South Carolina has fallen from 6.8% to 6.1% in 2023.
Conclusion
Considering all these factors, North Augusta, South Carolina has an overall wealth index grade of C, making it somewhat better than South Carolina, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in North Augusta, South Carolina.
How Rich Is North Augusta, South Carolina?
North Augusta has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $78,765, about 18% higher than the South Carolina average of $66,957.
What is the current median household income in North Augusta, South Carolina?
As of 2023, the median household income in North Augusta, South Carolina is $78,765.
What was the median household income in North Augusta in 2023?
In 2023, the median household income in North Augusta, South Carolina was $78,765.
What was the median household income in North Augusta in 2020?
In 2020, the median household income in North Augusta, South Carolina was $57,210.
What is the Gini coefficient in North Augusta, South Carolina?
The Gini coefficient in North Augusta is 0.546. 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 North Augusta, South Carolina?
Since 2009, the income gap between men and women in North Augusta, South Carolina has widened from about 15% to 26% in 2023. In dollar terms, the gap has widened by $12,683 since 2009.