Age of householder
Per the latest American Community Survey by the Census Bureau, Hilton Head Island sees its highest median household income among householders in the age group of 45 to 64 years old, at $111,398. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Hilton Head Island, householders within the 45 to 64 years age group have the highest median household income at $111,398, followed by those in the 65 years and over age group with an income of $93,791. Meanwhile householders within the 25 to 44 years age group report the second lowest median household income of $72,286. Notably, householders within the under 25 years age group, had the lowest median household income at $51,193.
- Notably, household income for individuals within the Under 25 years age group demonstrated a remarkable increase of $15,848(44.84%), escalating from a median of $35,345 in 2011 to $51,193 in 2021.
- 101(0.59%) households where the householder is under 25 years old.
- 2,345(13.72%) households with a householder aged between 25 and 44 years.
- 5,825(34.08%) households with a householder aged between 45 and 64 years.
- 8,823(51.61%) households where the householder is over 65 years old.
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Gender
In Hilton Head Island, the population consists of 18,672 males (49.05%) and 19,396 females (50.95%). Here are the primary highlights from the gender-based income distribution analysis:
- In Hilton Head Island, the median income for all workers aged 15 years and older, regardless of work hours, was $57,391 for males and $36,660 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $62,308 for males and $54,710 for females.
- In Hilton Head Island, the median income for all workers aged 15 years and older, regardless of work hours, was $57,391 for males and $36,660 for females.
- In Hilton Head Island, among full-time, year-round workers aged 15 years and older, males earned a median income of $62,308, while females earned $54,710, resulting in a 12% gender pay gap among full-time workers. This illustrates that women earn 88 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the town of Hilton Head Island.
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Race
In Hilton Head Island, the population is predominantly White, constituting 81.56% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for White households is $102,749.
- In Hilton Head Island, White is both the largest group and the one with the highest median household income, which stands at $102,749.
- In Hilton Head Island, the median household income for the households where the householder is White increased by $2,525(2.52%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $100,224 in 2011 and $102,749 in 2021.
- In Hilton Head Island, the median household income for the households where the householder is Black or African American decreased by $974(2.55%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $38,237 in 2011 and $37,263 in 2021.
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Year by year
Hilton Head Island, SC median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Hilton Head Island increased by $3,744 (4.10%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2018 to 2019, when the median household income increased by 10,632 (from $86,478 to $97,110). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 3,136 (from $92,844 to $89,708).
- It then further increased to $262,960 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5059, it is evident that income distribution in Hilton Head Island, SC exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $122,700. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $62,547.
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