Wealth Index
Less wealthy than 78% of counties in Georgia
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 | Baker County | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $44,195 | $74,683 | $78,145 |
| Median Personal Income | $41,595 | $57,099 | $61,726 |
| Average income growth | 0.5% | 5.5% | 5.1% |
| Six-Figure Earners | 4.6% | 11.7% | 13.2% |
The median household income in Baker County is about 41% lower than in Georgia. Income has been growing slower in Baker County (0.5%/yr) than in Georgia (5.5%/yr).
About 5% of adults in Baker County earn six figures ($100,000 or more) a year, lower than the Georgia average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Baker County, Georgia grew by 45.6% from 2009 to 2023, reaching $44,195 in 2023. That's an average of about 0.5% per year.
Economic Inequality in Baker County | Gender Pay Gap | Gini Coefficient
| Metric | Baker County | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.590 | 0.578 | 0.570 |
| Male Median Income | $48,724 | $62,912 | $67,746 |
| Female Median Income | $30,655 | $50,950 | $54,793 |
| Gender Pay Gap | 37.1% | 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 Baker County, it is 0.590, higher than Georgia's 0.578, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 59% more than women's income in Baker County, Georgia. Over a 35-year career, a 59% wage gap accumulates to roughly $632,415 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Baker County, Georgia has widened from about 5% to 37% in 2023. In dollar terms, the gap has widened by $16,542 since 2009.
Employment
| Metric | Baker County | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 9.6% | 5.1% | 5.2% |
| Working from Home | 6.3% | 14.2% | 13.4% |
| Commute time (minutes) | 22 | 23 | 22 |
Approximately 96 people are unemployed in Baker County, Georgia.
The average commute time in Baker County is 22 minutes, shorter than the 23 minutes in Georgia.
Unemployment Rate Over Time
The unemployment rate in Baker County, Georgia has stayed about flat at 9.6% since 2011.
Conclusion
Considering all these factors, Baker County, Georgia has an overall wealth index grade of D, making it somewhat worse than Georgia, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Baker County, Georgia.
How Rich Is Baker County, Georgia?
Baker County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $44,195, about 41% lower than the Georgia average of $74,683.
What is the current median household income in Baker County, Georgia?
As of 2023, the median household income in Baker County, Georgia is $44,195.
What was the median household income in Baker County in 2023?
In 2023, the median household income in Baker County, Georgia was $44,195.
What was the median household income in Baker County in 2020?
In 2020, the median household income in Baker County, Georgia was $33,508.
What is the Gini coefficient in Baker County, Georgia?
The Gini coefficient in Baker County is 0.590. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Baker County, Georgia?
Since 2009, the income gap between men and women in Baker County, Georgia has widened from about 5% to 37% in 2023. In dollar terms, the gap has widened by $16,542 since 2009.