Age of householder
Per the latest American Community Survey by the Census Bureau, North Charleston sees its highest median household income among householders in the age group of 45 to 64 years old, at $73,483. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in North Charleston, householders within the 45 to 64 years age group have the highest median household income at $73,483, followed by those in the under 25 years age group with an income of $62,750. Meanwhile householders within the 25 to 44 years age group report the second lowest median household income of $60,330. Notably, householders within the 65 years and over age group, had the lowest median household income at $39,743.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $25,946(54.58%), escalating from a median of $47,537 in 2012 to $73,483 in 2022.
- 2,200(4.61%) households where the householder is under 25 years old.
- 22,468(47.12%) households with a householder aged between 25 and 44 years.
- 14,117(29.61%) households with a householder aged between 45 and 64 years.
- 8,898(18.66%) households where the householder is over 65 years old.
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Gender
In North Charleston, the population consists of 57,402 males (50.11%) and 57,140 females (49.89%). Here are the primary highlights from the gender-based income distribution analysis:
- In North Charleston, the median income for all workers aged 15 years and older, regardless of work hours, was $39,425 for males and $31,861 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $51,598 for males and $47,984 for females.
- In North Charleston, the median income for all workers aged 15 years and older, regardless of work hours, was $39,425 for males and $31,861 for females.
- In North Charleston, among full-time, year-round workers aged 15 years and older, males earned a median income of $51,598, while females earned $47,984, resulting in a 7% gender pay gap among full-time workers. This illustrates that women earn 93 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 city of North Charleston.
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Race
In North Charleston, the population is predominantly Black or African American, constituting 43.75% 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 $51,129.
- In North Charleston, despite the Black or African American population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $80,385. This reveals that, while Black or African Americans may be the most numerous in North Charleston, Asian households experience greater economic prosperity in terms of median household income.
- In North Charleston, the median household income for the households where the householder is White increased by $15,565(25.42%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $61,234 in 2012 and $76,799 in 2022.
- In North Charleston, the median household income for the households where the householder is Black or African American increased by $15,090(41.87%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $36,039 in 2012 and $51,129 in 2022.
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Year by year
North Charleston, SC median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for North Charleston increased by $3,886 (7.39%), 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 3,954 (from $48,301 to $52,255). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 1,374 (from $52,607 to $51,233).
- It then further increased to $78,365 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4293, it is evident that income distribution in North Charleston, SC exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $74,168. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $50,580.
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