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EconomyEconomy

Income

Income can be used to determine the well-being of individuals or families. Income also helps to determine whether individuals or families are in poverty. However, income does not reflect the fact that some individuals or families receive part of their income in the form of noncash benefits, such as food stamps, health benefits, and subsidized housing. In the Lowcountry region, incomes are distributed unevenly with Beaufort County reporting higher median household and per capita incomes than the state since 2000. The dashboard also shows substantial increases in all income measures in all four counties between 2000 and 2022. Between 2010 and 2022, inflation-adjusted median household incomes had declined in Colleton and Hampton Counties, while inflation-adjusted per capita incomes had increased in all counties, except in Hampton County. Median household income by Census Block Group highlights the median household income across the region in 2022.

Note: While the 2000 data is based on decennial census, the 2010, 2020, and 2022 data are based on 5-year estimates (2006-2010, 2016-2020, and 2018-2022 respectively). Users should exercise caution when comparing this data.


Data Notes
Definition Income:  The income received on a regular basis (exclusive of certain money receipts such as capital gains and lump-sum payments) before payments for personal income taxes, social security, union dues, Medicare deductions, etc. It includes income received from wages, salary, commissions, bonuses, and tips; self-employment income from own nonfarm or farm businesses, including proprietorships and partnerships; interest, dividends, net rental income, royalty income, or income from estates and trusts; Social Security or Railroad Retirement income; Supplemental Security Income (SSI); any cash public assistance or welfare payments from the state or local welfare office; retirement, survivor, or disability benefits; and any other sources of income received regularly such as Veterans' (VA) payments, unemployment and/or worker's compensation, child support, and alimony.

Household Income:  The sum of the income of all people 15 years and older living in the household. A household includes related family members and all the unrelated people, if any, such as lodgers, foster children, wards, or employees who share the housing unit. A person living alone in a housing unit, or a group of unrelated people sharing a housing unit, is also counted as a household.

Family Income:  The sum of the income of all family members 15 years and older living in the household. Families are groups of two or more people (one of whom is the householder) related by birth, marriage, or adoption and residing together; all such people (including related subfamily members) are considered as members of one family.

Median Income:  The income is divided into two equal groups: one having incomes above the median, and the other having incomes below the median.

Per Capita Income:  Average income computed for every man, woman, and child in a particular group. It is derived by dividing the total income of a particular group by the total population.

Race:  A social definition of race recognized in this country and not an attempt to define race biologically, anthropologically, or genetically. The categories of the race include White, Black or African American, American Indian or Alaska Native (AIAN), Asian, Native Hawaiian or Other Pacific Islander (NHPI), Some Other Race, and Two or More Race.

  • Some Other Race: This category does not include White, Black or African American, American Indian or Alaska Native (AIAN), Asian, and Native Hawaiian or Other Pacific Islander (NHPI). It also includes multiracial, mixed, interracial, or a Hispanic, Latino, or Spanish group (for example, Mexican, Puerto Rican, Cuban, or Spanish).
  • Two or More Races: This category refers to combinations of two or more of the following race categories: White, Black or African American, American Indian or Alaska Native (AIAN), Asian, Native Hawaiian or Other Pacific Islander (NHPI), and Some Other Race
Ethnicity:  There are two minimum categories for ethnicity: Hispanic or Latino and Not Hispanic or Latino. Race and Hispanic origin are two separate and distinct concepts. Hispanic or Latino refers to a person of Cuban, Mexican, Puerto Rican, South or Central American, or other Spanish culture or origin regardless of race.

Census Block Group:  A statistical subdivision of a census tract, generally defined to contain between 600 and 3,000 people and 240 and 1,200 housing units, and the smallest geographic unit for which the Census Bureau tabulates sample data.
Data Source U.S. Census Bureau, Decennial Census and American Community Survey 5-Year Estimates
Last Updated May 2024