Spartanburg, South Carolina Income Statistics
Spartanburg 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.
-
D
Spartanburg Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Spartanburg | South Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $51,651 | $69,383 | $80,455 |
| Median Personal Income | $47,493 | $52,934 | $60,758 |
| Average Yearly Income Growth | 4.9% | 5.0% | 4.8% |
| Six-Figure Earners | 7.5% | 10.5% | 13.9% |
| $200k+ Households | 5.7% | 8.9% | 13.2% |
The median household income in Spartanburg is about 26% lower than in South Carolina. Income has been growing slower in Spartanburg (4.9%/yr) than in South Carolina (5.0%/yr).
About 7% of adults in Spartanburg 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 Spartanburg, South Carolina grew by 46.5% from 2009 to 2024, reaching $51,651 in 2024. That's an average of about 4.9% per year.
Income Inequality and the Gender Pay Gap in Spartanburg
| Metric | Spartanburg | South Carolina Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.566 | 0.547 | 0.552 |
| Male Median Income | $54,987 | $62,655 | $69,667 |
| Female Median Income | $45,656 | $49,387 | $56,850 |
| Gender Pay Gap | 17.0% | 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 Spartanburg, it is 0.566, higher than South Carolina's 0.547, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 20% more than women's income in Spartanburg, South Carolina. Over a 35-year career, a 20% wage gap accumulates to roughly $326,585 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Spartanburg, South Carolina has narrowed from about 22% to 17% in 2024. Over that period the gap was widest at 24% in 2012, and was narrowest at 15% in 2021. In dollar terms, the gap has widened by $600 since 2009.
Employment
| Metric | Spartanburg | South Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.1% | 4.8% | 5.2% |
| Working from Home | 6.8% | 11.5% | 15.0% |
| Commute time (minutes) | 17 | 22 | 22 |
Approximately 1,202 people are unemployed in Spartanburg, South Carolina.
The average commute time in Spartanburg is 17 minutes, shorter than the 22 minutes in South Carolina.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Spartanburg, South Carolina has fallen from 11.9% to 7.1% in 2024. Over that period the rate peaked at 13.5% in 2014 and fell as low as 6.7% in 2021.
Conclusion
Considering all these factors, Spartanburg, 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 Spartanburg, South Carolina.
How Rich Is Spartanburg, South Carolina?
Spartanburg 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 $51,651, about 26% lower than the South Carolina average of $69,383.
How has median household income changed in Spartanburg, South Carolina?
Between 2009 and 2024, the median household income in Spartanburg, South Carolina rose 46%, from $35,269 to $51,651. Over the same years, income here lagged behind South Carolina as a whole: +46% against +59%.
What was the median household income in Spartanburg in 2023?
In 2023, the median household income in Spartanburg, South Carolina was $51,135, up 3% from $49,541 in 2022. The South Carolina median that year was $66,973.
What was the median household income in Spartanburg in 2020?
In 2020, the median household income in Spartanburg, South Carolina was $43,122. By 2024 it had risen 20% to $51,651.
Is it hard to find a job in Spartanburg, South Carolina?
Unemployment in Spartanburg, South Carolina is 7.1%, well above the South Carolina rate of 4.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Spartanburg, South Carolina?
The Gini coefficient in Spartanburg is 0.566. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Spartanburg, South Carolina?
Since 2009, the income gap between men and women in Spartanburg, South Carolina has narrowed from about 22% to 17% in 2024. Over that period the gap was widest at 24% in 2012, and was narrowest at 15% in 2021. In dollar terms, the gap has widened by $600 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →