Age of householder
Per the latest American Community Survey by the Census Bureau, Wagener sees its highest median household income among householders in the age group of 45 to 64 years old, at $70,259. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Wagener, where there exist only two delineated age groups, the median household income is $70,259 for householders within the 45 to 64 years age group, compared to $43,459 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 $13,598(24%), escalating from a median of $56,661 in 2011 to $70,259 in 2021.
- 1(0.19%) households where the householder is under 25 years old.
- 107(20%) households with a householder aged between 25 and 44 years.
- 192(35.89%) households with a householder aged between 45 and 64 years.
- 235(43.93%) households where the householder is over 65 years old.
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Gender
In Wagener, the population consists of 569 males (41.93%) and 788 females (58.07%). Here are the primary highlights from the gender-based income distribution analysis:
- In Wagener, the median income for all workers aged 15 years and older, regardless of work hours, was $25,962 for males and $20,362 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $45,739 for males and $40,920 for females.
- In Wagener, the median income for all workers aged 15 years and older, regardless of work hours, was $25,962 for males and $20,362 for females.
- In Wagener, among full-time, year-round workers aged 15 years and older, males earned a median income of $45,739, while females earned $40,920, resulting in a 11% gender pay gap among full-time workers. This illustrates that women earn 89 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 Wagener.
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Race
In Wagener, the population is predominantly Black or African American, constituting 65.66% 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 $33,508.
- In Wagener, 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 $44,828. This reveals that, while Black or African Americans may be the most numerous in Wagener, White households experience greater economic prosperity in terms of median household income.
- In Wagener, the median household income for the households where the householder is White decreased by $21,368(32.28%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $66,196 in 2011 and $44,828 in 2021.
- In Wagener, the median household income for the households where the householder is Black or African American increased by $3,542(11.82%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $29,966 in 2011 and $33,508 in 2021.
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Year by year
Wagener, SC median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Wagener increased by $12,442 (38.62%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2015 to 2016, when the median household income increased by 6,471 (from $35,463 to $41,934). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 4,433 (from $38,410 to $33,977).
- It then further increased to $83,825 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.505, it is evident that income distribution in Wagener, SC exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $45,443. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
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