Taylors, South Carolina Income Statistics
Taylors 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.
-
C
Taylors Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Taylors | South Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $75,063 | $69,383 | $80,455 |
| Median Personal Income | $50,457 | $52,934 | $60,758 |
| Average Yearly Income Growth | 5.2% | 5.0% | 4.8% |
| Six-Figure Earners | 10.0% | 10.5% | 13.9% |
| $200k+ Households | 6.0% | 8.9% | 13.2% |
The median household income in Taylors is about 8% higher than in South Carolina. Income has been growing faster in Taylors (5.2%/yr) than in South Carolina (5.0%/yr).
About 10% of adults in Taylors 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 Taylors, South Carolina grew by 56.3% from 2009 to 2024, reaching $75,063 in 2024. That's an average of about 5.2% per year.
Income Inequality and the Gender Pay Gap in Taylors
| Metric | Taylors | South Carolina Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.509 | 0.547 | 0.552 |
| Male Median Income | $60,819 | $62,655 | $69,667 |
| Female Median Income | $51,885 | $49,387 | $56,850 |
| Gender Pay Gap | 14.7% | 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 Taylors, it is 0.509, 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 17% more than women's income in Taylors, South Carolina. Over a 35-year career, a 17% wage gap accumulates to roughly $312,690 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Taylors, South Carolina has narrowed from about 24% to 15% in 2024. Over that period the gap was widest at 27% in 2013, and was narrowest at 9% in 2018. In dollar terms, the gap has narrowed by $1,180 since 2009.
Employment
| Metric | Taylors | South Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 4.8% | 5.2% |
| Working from Home | 14.9% | 11.5% | 15.0% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 458 people are unemployed in Taylors, South Carolina.
The average commute time in Taylors is 21 minutes, shorter than the 22 minutes in South Carolina.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Taylors, South Carolina has fallen from 7.0% to 3.8% in 2024. Over that period the rate peaked at 7.2% in 2013.
Taylors, SC Wealth Compared With Nearby Cities
Taylors, SC is the smallest of the 4 cities compared here, 21,768 residents against a local median of 30,854. Taylors, SC sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these cities turns on things this data does not capture.
The largest of those small differences is income growth, 12% below the local median at 5.2%/yr against 5.9%/yr. Taylors, SC has the 4th highest income growth of the 4 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. |
|---|---|---|---|---|---|
| Taylors, SC | 21,768 | $75,063 #2/4 | 5.2%/yr #4/4 | 3.8% #2/4 | 0.509 #1/4 |
| Wade Hampton, SC | 22,508 | $77,662 | 5.9%/yr | 4.3% | 0.513 |
| Greer, SC | 30,854 | $69,843 | 5.9%/yr | 2.7% | 0.528 |
| Greenville, SC | 73,880 | $73,685 | 5.8%/yr | 4.4% | 0.544 |
Conclusion
Considering all these factors, Taylors, 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 Taylors, South Carolina.
How Rich Is Taylors, South Carolina?
Taylors 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 $75,063, about 8% higher than the South Carolina average of $69,383.
How fast is household income rising in Taylors, South Carolina?
Between 2009 and 2024, the median household income in Taylors, South Carolina rose 56%, from $48,017 to $75,063. Over the same years, income here lagged behind South Carolina as a whole: +56% against +59%.
What was the median household income in Taylors in 2023?
In 2023, the median household income in Taylors, South Carolina was $70,697, up 1% from $69,823 in 2022. The South Carolina median that year was $66,973.
What was the median household income in Taylors in 2020?
In 2020, the median household income in Taylors, South Carolina was $60,562. By 2024 it had risen 24% to $75,063.
What is the Gini coefficient in Taylors, South Carolina?
The Gini coefficient in Taylors is 0.509. 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 Taylors, South Carolina?
Since 2009, the income gap between men and women in Taylors, South Carolina has narrowed from about 24% to 15% in 2024. Over that period the gap was widest at 27% in 2013, and was narrowest at 9% in 2018. In dollar terms, the gap has narrowed by $1,180 since 2009.
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