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.
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Income Statistics Overview
| Metric | Socastee | South Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $58,630 | $66,957 | $78,145 |
| Median Personal Income | $58,630 | $66,957 | $78,145 |
| Average income growth | 5.6% | 5.6% | 5.6% |
Household Income Trend
Median Household Income Over Time
Socastee
United States
Economic Inequality in Socastee | Gender Pay Gap | Gini Index
| Metric | Socastee | South Carolina Avg | US Average |
|---|---|---|---|
| Gini Index | 0.514 | 0.557 | 0.570 |
| Male Median Income | $47,622 | $60,785 | $67,746 |
| Female Median Income | $42,880 | $47,591 | $54,793 |
| Gender Pay Gap | 10.0% | 21.7% | 19.1% |
Income by Sex Over Time
Male
Female
Employment
| Metric | Socastee | South Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 4.9% | 5.2% |
| Working from Home | 7.2% | 10.0% | 13.4% |
| Commute time (minutes) | 20 | 22 | 22 |
Unemployment Rate Over Time
Socastee
United States