Gender
In Woodford, the population consists of 67 males (47.86%) and 73 females (52.14%). Here are the primary highlights from the gender-based income distribution analysis:
- In Woodford, the median income for all workers aged 15 years and older, regardless of work hours, was $20,417 for males and $14,682 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $37,495 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Woodford, the median income for all workers aged 15 years and older, regardless of work hours, was $20,417 for males and $14,682 for females.
- In Woodford, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $37,495 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Woodford, the population is predominantly White, constituting 52.14% 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 $25,672.
- In Woodford, White is both the largest group and the one with the highest median household income, which stands at $25,672.
- In Woodford, the median household income for the households where the householder is White decreased by $26,865(51.14%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $52,537 in 2011 and $25,672 in 2021.
- In Woodford, the median household income for Black or African American households was $30,238 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
Woodford, SC median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Woodford decreased by $24,876 (47.58%), 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 2020 to 2021, when the median household income increased by 6,365 (from $21,044 to $27,409). Similarly the most substantial year-by-year decline occured from 2015 to 2016, when the median household income decreased by 14,035 (from $41,554 to $27,519).
- It then further increased to $28,953 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4805, it is evident that income distribution in Woodford, SC exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $39,428.
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