McCormick County, South Carolina
Income Data
At a Glance
How McCormick County Compares
Detailed Income Statistics
Data Story
About Household Income in McCormick County, South Carolina
McCormick approaches but trails national norm
McCormick County's median household income of $55,344 remains 26% below the national median of $74,755, yet outpaces most South Carolina peers. This $19,400 income gap still limits household wealth accumulation, though McCormick's position suggests relative economic resilience for the region.
McCormick ranks middle-of-pack in state
McCormick's $55,344 median income places it slightly below South Carolina's $57,006 state average, ranking around the midpoint among the state's 46 counties. This moderate position reflects a mixed economic profile—neither among the state's most challenged nor most prosperous regions.
McCormick lags wealthier upstate neighbors
McCormick's $55,344 trails nearby Oconee County ($60,193) and Pickens County ($59,411) but exceeds more rural peers like Marion ($34,501). This positioning reflects McCormick's intermediate economic standing within the upstate region.
Housing costs comfortably manageable here
McCormick's rent-to-income ratio of 14.4% sits well below the 20% affordability threshold, meaning renters spend only about one-seventh of median income on housing. A median home value of $159,000 is reasonably accessible relative to the county's income, supporting homeownership stability.
McCormick: leverage home equity strategically
McCormick households earning $55,344 have built-in advantages—affordable housing and manageable rent ratios free up income for retirement savings and investment. Direct $200–$300 monthly into Roth IRAs or employer 401(k)s to capitalize on compound growth and tax advantages over a 30-year horizon.
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County median: $55,344 per year
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.