Wade Hampton, South Carolina Income Statistics
Wade Hampton 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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B
Wade Hampton Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Wade Hampton | South Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $77,662 | $69,383 | $80,455 |
| Median Personal Income | $54,999 | $52,934 | $60,758 |
| Average Yearly Income Growth | 5.9% | 5.0% | 4.8% |
| Six-Figure Earners | 13.1% | 10.5% | 13.9% |
| $200k+ Households | 8.3% | 8.9% | 13.2% |
The median household income in Wade Hampton is about 12% higher than in South Carolina. Income has been growing faster in Wade Hampton (5.9%/yr) than in South Carolina (5.0%/yr).
About 13% of adults in Wade Hampton 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 Wade Hampton, South Carolina grew by 71.0% from 2009 to 2024, reaching $77,662 in 2024. That's an average of about 5.9% per year.
Income Inequality and the Gender Pay Gap in Wade Hampton
| Metric | Wade Hampton | South Carolina Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.513 | 0.547 | 0.552 |
| Male Median Income | $66,851 | $62,655 | $69,667 |
| Female Median Income | $51,071 | $49,387 | $56,850 |
| Gender Pay Gap | 23.6% | 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 Wade Hampton, it is 0.513, 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 31% more than women's income in Wade Hampton, South Carolina. Over a 35-year career, a 31% wage gap accumulates to roughly $552,300 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Wade Hampton, South Carolina has widened from about 17% to 24% in 2024. Over that period the gap was widest at 28% in 2012, and was narrowest at 11% in 2010. In dollar terms, the gap has widened by $9,060 since 2009.
Sharply against the trend: the pay gap in Wade Hampton widened by 7.0 points while South Carolina's narrowed by 2.3 points.
Employment
| Metric | Wade Hampton | South Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.3% | 4.8% | 5.2% |
| Working from Home | 13.8% | 11.5% | 15.0% |
| Commute time (minutes) | 18 | 22 | 22 |
Approximately 512 people are unemployed in Wade Hampton, South Carolina.
The average commute time in Wade Hampton is 18 minutes, shorter than the 22 minutes in South Carolina.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Wade Hampton, South Carolina has fallen from 8.6% to 4.3% in 2024. Over that period the rate fell as low as 3.6% in 2022.
Wade Hampton, SC Wealth Compared With Nearby Cities
Wade Hampton, SC is typical in size for this group, 22,508 residents against a local median of 22,625, so the measures below are close to a like for like comparison. There is no headline here. Every measure below sits within 15% of the median across the nearest cities, which makes Wade Hampton, SC an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is income growth, 14% above the local median at 5.9%/yr against 5.2%/yr. Wade Hampton, SC has the 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. |
|---|---|---|---|---|---|
| Wade Hampton, SC | 22,508 | $77,662 #2/4 | 5.9%/yr #1/4 | 4.3% #2/4 | 0.513 #3/4 |
| Taylors, SC | 21,768 | $75,063 | 5.2%/yr | 3.8% | 0.509 |
| Greenville, SC | 73,880 | $73,685 | 5.8%/yr | 4.4% | 0.544 |
| Mauldin, SC | 22,625 | $81,837 | 3.9%/yr | 4.9% | 0.503 |
Conclusion
Considering all these factors, Wade Hampton, South Carolina has an overall wealth index grade of B, making it somewhat better than South Carolina, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Wade Hampton, South Carolina.
How Rich Is Wade Hampton, South Carolina?
Wade Hampton has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $77,662, about 12% higher than the South Carolina average of $69,383.
Are incomes growing in Wade Hampton, South Carolina?
Between 2009 and 2024, the median household income in Wade Hampton, South Carolina rose 71%, from $45,420 to $77,662. Over the same years, income here outpaced South Carolina as a whole: +71% against +59%.
What was the median household income in Wade Hampton in 2023?
In 2023, the median household income in Wade Hampton, South Carolina was $76,259, up 7% from $71,147 in 2022. The South Carolina median that year was $66,973.
What was the median household income in Wade Hampton in 2020?
In 2020, the median household income in Wade Hampton, South Carolina was $58,328. By 2024 it had risen 33% to $77,662.
What is the Gini coefficient in Wade Hampton, South Carolina?
The Gini coefficient in Wade Hampton is 0.513. 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 Wade Hampton, South Carolina?
Since 2009, the income gap between men and women in Wade Hampton, South Carolina has widened from about 17% to 24% in 2024. Over that period the gap was widest at 28% in 2012, and was narrowest at 11% in 2010. In dollar terms, the gap has widened by $9,060 since 2009.
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