Age of householder
Per the latest American Community Survey by the Census Bureau, Eastover sees its highest median household income among householders in the age group of 65 years and over old, at $33,157. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Eastover, where there exist only two delineated age groups, the median household income is $33,157 for householders within the 65 years and over age group, compared to $15,464 for the 25 to 44 years age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $12,816(63.01%), escalating from a median of $20,341 in 2011 to $33,157 in 2021.
- 1(0.37%) households where the householder is under 25 years old.
- 97(36.33%) households with a householder aged between 25 and 44 years.
- 71(26.59%) households with a householder aged between 45 and 64 years.
- 98(36.70%) households where the householder is over 65 years old.
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Gender
In Eastover, the population consists of 224 males (39.72%) and 340 females (60.28%). Here are the primary highlights from the gender-based income distribution analysis:
- In Eastover, the median income for all workers aged 15 years and older, regardless of work hours, was $17,024 for males and $14,037 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $22,969 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Eastover, the median income for all workers aged 15 years and older, regardless of work hours, was $17,024 for males and $14,037 for females.
- In Eastover, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $22,969 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Eastover, the population is predominantly Black or African American, constituting 92.73% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for Black or African American households is $19,302.
- In Eastover, despite the Black or African American population being the most populous, it is worth noting that White households actually reports the highest median household income, with a median income of $32,878. This reveals that, while Black or African Americans may be the most numerous in Eastover, White households experience greater economic prosperity in terms of median household income.
- In Eastover, the median household income for the households where the householder is White decreased by $7,984(19.54%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $40,862 in 2011 and $32,878 in 2021.
- In Eastover, the median household income for the households where the householder is Black or African American decreased by $5,215(21.27%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $24,517 in 2011 and $19,302 in 2021.
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Year by year
Eastover, SC median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Eastover decreased by $3,385 (14.38%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 3 years and declined for 8 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 5,339 (from $17,154 to $22,493). Similarly the most substantial year-by-year decline occured from 2015 to 2016, when the median household income decreased by 3,659 (from $24,055 to $20,396).
- It then further increased to $55,228 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4612, it is evident that income distribution in Eastover, SC exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $32,698. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $17,724.
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