Wealth Index
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Alpharetta | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $140,145 | $74,683 | $78,145 |
| Median Personal Income | $107,004 | $57,099 | $61,726 |
| Average income growth | 6.4% | 5.5% | 5.1% |
| Six-Figure Earners | 31.2% | 11.7% | 13.2% |
The median household income in Alpharetta is about 88% higher than in Georgia. Income has been growing faster in Alpharetta (6.4%/yr) than in Georgia (5.5%/yr).
About 31% of adults in Alpharetta earn six figures ($100,000 or more) a year, higher than the Georgia average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Alpharetta, Georgia grew by 54.8% from 2009 to 2023, reaching $140,145 in 2023. That's an average of about 6.4% per year.
Economic Inequality in Alpharetta | Gender Pay Gap | Gini Coefficient
| Metric | Alpharetta | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.556 | 0.578 | 0.570 |
| Male Median Income | $117,049 | $62,912 | $67,746 |
| Female Median Income | $88,845 | $50,950 | $54,793 |
| Gender Pay Gap | 24.1% | 19.0% | 19.1% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Alpharetta, it is 0.556, lower than Georgia's 0.578, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 32% more than women's income in Alpharetta, Georgia. Over a 35-year career, a 32% wage gap accumulates to roughly $987,140 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Alpharetta, Georgia has narrowed from about 37% to 24% in 2023. In dollar terms, the gap has narrowed by $398 since 2009.
Employment
| Metric | Alpharetta | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.8% | 5.1% | 5.2% |
| Working from Home | 32.9% | 14.2% | 13.4% |
| Commute time (minutes) | 22 | 23 | 22 |
Approximately 2,139 people are unemployed in Alpharetta, Georgia.
The average commute time in Alpharetta is 22 minutes, shorter than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Alpharetta, Georgia has risen from 5.1% to 5.8% in 2023.
Conclusion
Considering all these factors, Alpharetta, Georgia has an overall wealth index grade of A, making it far better than Georgia, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Alpharetta, Georgia.
How Wealthy Is Alpharetta, Georgia?
Alpharetta has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $140,145, about 88% higher than the Georgia average of $74,683.
What is the current median household income in Alpharetta, Georgia?
As of 2023, the median household income in Alpharetta, Georgia is $140,145.
What was the median household income in Alpharetta in 2023?
In 2023, the median household income in Alpharetta, Georgia was $140,145.
What was the median household income in Alpharetta in 2020?
In 2020, the median household income in Alpharetta, Georgia was $115,635.
What is the Gini coefficient in Alpharetta, Georgia?
The Gini coefficient in Alpharetta is 0.556. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Alpharetta, Georgia?
Since 2009, the income gap between men and women in Alpharetta, Georgia has narrowed from about 37% to 24% in 2023. In dollar terms, the gap has narrowed by $398 since 2009.