Paxville, SC Income

The inflation-adjusted median household income in Paxville was $55,547, based on U.S. Census Bureau ACS estimates.
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Updated Dec 15, 2023
Overview
$55,547
Median household income
0.4278
Gini coefficient
25 to 44 years ($54,856)
Highest median income age group
$229,223
Income of top 5%

All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates

Age of householder

Per the latest American Community Survey by the Census Bureau, Paxville sees its highest median household income among householders in the age group of 25 to 44 years old, at $54,856. Here are the key highlights for income distribution by age:

  • In terms of income distribution across age cohorts, in Paxville, where there exist only two delineated age groups, the median household income is $54,856 for householders within the 25 to 44 years age group, compared to $47,290 for the 45 to 64 years age group.
  • Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $9,908(22.04%), escalating from a median of $44,948 in 2011 to $54,856 in 2021.
  • 0 households where the householder is under 25 years old.
  • 29(19.59%) households with a householder aged between 25 and 44 years.
  • 54(36.49%) households with a householder aged between 45 and 64 years.
  • 65(43.92%) households where the householder is over 65 years old.
The bar chart shows Paxville, SC median household income by age of householder. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
Paxville, SC median household income by age of householder: It offers a clear illustration of the differences in median household incomes in Paxville, based on the age of householders divided into four cohorts : Under 25 years, 25 - 44 years, 45 to 64 years and 65 years and over. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Paxville, SC median household income by age ➔

Gender

In Paxville, the population consists of 219 males (52.90%) and 195 females (47.10%). Here are the primary highlights from the gender-based income distribution analysis:

  • In Paxville, while the Census reported a median income of $29,671 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
  • However, when specifically considering full-time, year-round workers within the same age group, the median income was $54,834 for males and $46,839 for females.
  • In Paxville, while the Census reported a median income of $29,671 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
  • In Paxville, among full-time, year-round workers aged 15 years and older, males earned a median income of $54,834, while females earned $46,839, resulting in a 15% gender pay gap among full-time workers. This illustrates that women earn 85 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 Paxville.
Line chart showing the annual median income trends in Paxville, SC for males and females across four employment categories: (1) Males in full-time year-round positions, (2) Males in non-full-time roles (part-time and other employment types), (3) Females in full-time year-round positions, and (4) Females in non-full-time roles (part-time and other employment types).
Paxville, SC gender based income disparity: Gain insights into gender-based pay disparity trends and explore the variations in income for male and female individuals, in 2022 inflation adjusted dollars. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

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Race

In Paxville, the population is predominantly White, constituting 51.45% 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 not available from the U.S. Census Bureau, possibly due to insufficient sample size, confidentiality or privacy constraints..
  • In Paxville, despite the White population being the most populous, there is no income data available in the latest American Community Survey for it. Based on analysis from all of the data that is available, it is worth noting that Black or African American households actually reports the highest median household income, with a median income of $46,479. This reveals that, while Whites may be the most numerous in Paxville, Black or African American households experience greater economic prosperity in terms of median household income.
  • In Paxville, the median household income for White households was $53,611 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
  • In Paxville, the median household income for the households where the householder is Black or African American decreased by $7,925(14.57%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $54,404 in 2011 and $46,479 in 2021.
The bar chart shows Paxville, SC median household income across all racial categories identified by the U.S. Census Bureau.
Paxville, SC median household income diversity across racial categories: Gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Paxville, SC median household income by race ➔

Year by year

Paxville, SC median household income trends by year, family type and household size (2010-2021):

  • From 2010 to 2021, the median household income for Paxville decreased by $19,787 (26.27%), as per the American Community Survey estimates.
  • Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
  • The most significant year-by-year growth occured from 2017 to 2018, when the median household income increased by 11,796 (from $49,701 to $61,497). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 21,139 (from $75,334 to $54,195).
  • It then further increased to $75,664 for 5-person households, the largest household size for which the bureau reported a median household income.
  • With a Gini coefficient of 0.4278, it is evident that income distribution in Paxville, SC exihibits characterstics of moderate inequality .
  • For the family households, the median income (in 2022 inflation-adjusted dollars) was $64,855. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $36,932.
The line chart shows Paxville, SC median household income from 2010 to 2021. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.
Paxville, SC median household income trends: 2010 to 2021. The chart illustrates income fluctuations over the years, highlighting the impact of inflation on economic trends. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Paxville, SC median household income ➔

References

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Paxville, SC Demographics

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Median household income of places that contain Paxville (in 2022 dollars)
Median household income of nearby cities (in 2022 dollars)

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Neilsberg Research
Neilsberg Research team are data scientists with expertise in processing, analysis and visualization of big data helping small businesses make right decisions.

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