Age of householder
Per the latest American Community Survey by the Census Bureau, Summerton sees its highest median household income among householders in the age group of 25 to 44 years old, at $43,507. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Summerton, householders within the 25 to 44 years age group have the highest median household income at $43,507, followed by those in the 65 years and over age group with an income of $32,259. Meanwhile householders within the under 25 years age group report the second lowest median household income of $16,889. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $14,003.
- Notably, household income for individuals within the Under 25 years age group demonstrated a remarkable increase of $13,621(416.80%), escalating from a median of $3,268 in 2011 to $16,889 in 2021.
- 21(5.79%) households where the householder is under 25 years old.
- 62(17.08%) households with a householder aged between 25 and 44 years.
- 90(24.79%) households with a householder aged between 45 and 64 years.
- 190(52.34%) households where the householder is over 65 years old.
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Gender
In Summerton, the population consists of 328 males (44.63%) and 407 females (55.37%). Here are the primary highlights from the gender-based income distribution analysis:
- In Summerton, while the Census reported a median income of $20,774 for all female workers aged 15 years and older, data for males 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 Census reported a median income of $29,911 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Summerton, while the Census reported a median income of $20,774 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
- In Summerton, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $29,911 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Summerton, the population is predominantly Black or African American, constituting 56.46% 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 $13,511.
- In Summerton, 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 $73,742. This reveals that, while Black or African Americans may be the most numerous in Summerton, White households experience greater economic prosperity in terms of median household income.
- In Summerton, the median household income for the households where the householder is White decreased by $263(0.36%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $74,005 in 2011 and $73,742 in 2021.
- In Summerton, the median household income for the households where the householder is Black or African American decreased by $5,921(30.47%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $19,432 in 2011 and $13,511 in 2021.
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Year by year
Summerton, SC median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Summerton decreased by $9,318 (23.61%), 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 2020 to 2021, when the median household income increased by 2,745 (from $27,403 to $30,148). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 7,011 (from $39,466 to $32,455).
- It then further increased to $139,361 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.549, it is evident that income distribution in Summerton, SC exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $52,694. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $14,312.
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