Age of householder
Per the latest American Community Survey by the Census Bureau, Tega Cay sees its highest median household income among householders in the age group of 45 to 64 years old, at $198,248. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Tega Cay, the median household income stands at $198,248 for householders within the 45 to 64 years age group, followed by $140,644 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $89,936.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $46,586(30.72%), escalating from a median of $151,662 in 2011 to $198,248 in 2021.
- 0 households where the householder is under 25 years old.
- 1,608(35.76%) households with a householder aged between 25 and 44 years.
- 1,771(39.38%) households with a householder aged between 45 and 64 years.
- 1,118(24.86%) households where the householder is over 65 years old.
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Gender
In Tega Cay, the population consists of 6,119 males (49.60%) and 6,217 females (50.40%). Here are the primary highlights from the gender-based income distribution analysis:
- In Tega Cay, the median income for all workers aged 15 years and older, regardless of work hours, was $96,400 for males and $41,896 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $129,721 for males and $85,541 for females.
- In Tega Cay, the median income for all workers aged 15 years and older, regardless of work hours, was $96,400 for males and $41,896 for females.
- In Tega Cay, among full-time, year-round workers aged 15 years and older, males earned a median income of $129,721, while females earned $85,541, leading to a 34% gender pay gap among full-time workers. This illustrates that women earn 66 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In Tega Cay, the population is predominantly White, constituting 76% 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 $144,825.
- In Tega Cay, White is both the largest group and the one with the highest median household income, which stands at $144,825.
- In Tega Cay, the median household income for the households where the householder is White increased by $4,669(3.33%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $140,156 in 2011 and $144,825 in 2021.
- In Tega Cay, the median household income for Black or African American households was $89,982 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
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Year by year
Tega Cay, SC median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Tega Cay increased by $1,148 (0.82%), 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 2014 to 2015, when the median household income increased by 5,896 (from $141,840 to $147,736). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 7,720 (from $150,322 to $142,602).
- It then further increased to $270,229 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3617, it is evident that income distribution in Tega Cay, SC exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $142,854. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $42,014.
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