2006 State Report > Economics > Income
Economics: Income
Household income among households with householders aged 65 and older tends to be lower than the income among those who are under 65. In South Carolina in 2004, the median household income for householders aged 65 and older was $26,572. For householders aged 45 to 64, the median household income was $47,737, and for those aged 25 to 44, it was $44,322.
Of the 318,436 households in South Carolina with householders aged 65 and older, 28.4 percent were estimated to have household incomes less than $15,000 in 2004. Only 6.8 percent of these households had a household income in excess of $100,000 in 2004.
Household Income in 2004 for South Carolina Households with Householders Aged 65 and Older
Note: Income is in 2004 inflation adjusted dollars.
Source: U.S. Census Bureau, 2004 American Community Survey. Table B19037.
Households in South Carolina with householders aged 65 and older had aggregate household income of $12,367,672,600 in 2004. These same households made up 19.8 percent of all South Carolina households in 2004, but reported only 14.5 percent of all household income.
Aggregate Household Income in the Past 12 Months by Age of Householder: 2004
| Aggregate household income in the past 12 months (in 2003 inflation-adjusted dollars) | Percent of total aggregate household income | |
|---|---|---|
| All householders | $85,302,903,100 | 100.0% |
| Householder under 25 years | $2,846,218,400 | 3.3% |
| Householder 25 to 44 years | $31,587,201,800 | 37.0% |
| Householder 45 to 64 years | $38,501,810,300 | 45.1% |
| Householder 65 years and over | $12,367,672,600 | 14.5% |
Source: U.S. Census Bureau, 2004 American Community Survey, Table B19050.