Age of householder
Per the latest American Community Survey by the Census Bureau, Travelers Rest sees its highest median household income among householders in the age group of 45 to 64 years old, at $92,304. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Travelers Rest, where there exist only two delineated age groups, the median household income is $92,304 for householders within the 45 to 64 years age group, compared to $38,215 for the 65 years and over age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $19,080(26.06%), escalating from a median of $73,224 in 2011 to $92,304 in 2021.
- 144(6.70%) households where the householder is under 25 years old.
- 610(28.37%) households with a householder aged between 25 and 44 years.
- 648(30.14%) households with a householder aged between 45 and 64 years.
- 748(34.79%) households where the householder is over 65 years old.
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Gender
In Travelers Rest, the population consists of 3,192 males (41.62%) and 4,478 females (58.38%). Here are the primary highlights from the gender-based income distribution analysis:
- In Travelers Rest, the median income for all workers aged 15 years and older, regardless of work hours, was $20,267 for males and $14,229 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $58,099 for males and $27,230 for females.
- In Travelers Rest, the median income for all workers aged 15 years and older, regardless of work hours, was $20,267 for males and $14,229 for females.
- In Travelers Rest, among full-time, year-round workers aged 15 years and older, males earned a median income of $58,099, while females earned $27,230, leading to a 53% gender pay gap among full-time workers. This illustrates that women earn 47 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 Travelers Rest, the population is predominantly White, constituting 74.85% 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 $58,639.
- In Travelers Rest, White is both the largest group and the one with the highest median household income, which stands at $58,639.
- In Travelers Rest, the median household income for the households where the householder is White decreased by $5,228(8.19%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $63,867 in 2011 and $58,639 in 2021.
- In Travelers Rest, the median household income for the households where the householder is Black or African American decreased by $1,247(5.26%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $23,700 in 2011 and $22,453 in 2021.
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Year by year
Travelers Rest, SC median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Travelers Rest decreased by $13,853 (25.99%), 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 2012 to 2013, when the median household income increased by 10,945 (from $53,109 to $64,054). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 16,783 (from $57,445 to $40,662).
- It then further increased to $26,667 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4904, it is evident that income distribution in Travelers Rest, SC exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $57,964. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $18,363.
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