Buford, Georgia Income Statistics
Buford Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
B
Buford Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Buford | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $74,695 | $77,523 | $80,455 |
| Median Personal Income | $52,960 | $55,999 | $60,758 |
| Average Yearly Income Growth | 3.4% | 5.3% | 4.8% |
| Six-Figure Earners | 12.2% | 12.4% | 13.9% |
| $200k+ Households | 12.7% | 11.9% | 13.2% |
The median household income in Buford is about 4% lower than in Georgia. Income has been growing slower in Buford (3.4%/yr) than in Georgia (5.3%/yr).
About 12% of adults in Buford earn six figures ($100,000 or more) a year, about the same as the Georgia average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Buford, Georgia grew by 32.5% from 2009 to 2024, reaching $74,695 in 2024. That's an average of about 3.4% per year.
Income Inequality and the Gender Pay Gap in Buford
| Metric | Buford | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.582 | 0.561 | 0.552 |
| Male Median Income | $68,128 | $65,087 | $69,667 |
| Female Median Income | $47,995 | $53,213 | $56,850 |
| Gender Pay Gap | 29.6% | 18.2% | 18.4% |
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 Buford, it is 0.582, higher than Georgia's 0.561, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 42% more than women's income in Buford, Georgia. Over a 35-year career, a 42% wage gap accumulates to roughly $704,655 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Buford, Georgia has widened from about 21% to 30% in 2024. Over that period the gap was narrowest at 7% in 2016. In dollar terms, the gap has widened by $10,352 since 2009.
Sharply against the trend: the pay gap in Buford widened by 8.3 points while Georgia's narrowed by 2.7 points.
Employment
| Metric | Buford | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.4% | 5.1% | 5.2% |
| Working from Home | 16.2% | 15.9% | 15.0% |
| Commute time (minutes) | 27 | 23 | 22 |
Approximately 364 people are unemployed in Buford, Georgia.
The average commute time in Buford is 27 minutes, longer than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Buford, Georgia has fallen from 9.0% to 3.4% in 2024. Over that period the rate peaked at 10.8% in 2013 and fell as low as 3.0% in 2022.
Buford, GA Wealth Compared With Nearby Cities
How Buford, GA compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Buford, GA | 22,683 | $74,695 #3/3 | 3.4%/yr #2/3 | 3.4% #1/3 | 0.582 #3/3 |
| Sugar Hill, GA | 21,657 | $111,723 | 4.2%/yr | 3.6% | 0.575 |
| Suwanee, GA | 21,330 | $101,926 | 2.2%/yr | 5.6% | 0.567 |
Conclusion
Considering all these factors, Buford, Georgia has an overall wealth index grade of B, making it somewhat better than Georgia, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Buford, Georgia.
How Rich Is Buford, Georgia?
Buford has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $74,695, about 4% lower than the Georgia average of $77,523.
How fast is household income rising in Buford, Georgia?
Between 2009 and 2024, the median household income in Buford, Georgia rose 33%, from $56,356 to $74,695. Over the same years, income here lagged behind Georgia as a whole: +33% against +57%.
What was the median household income in Buford in 2023?
In 2023, the median household income in Buford, Georgia was $78,531, up 7% from $73,566 in 2022. The Georgia median that year was $74,682.
What was the median household income in Buford in 2020?
In 2020, the median household income in Buford, Georgia was $65,174. By 2024 it had risen 15% to $74,695.
Is it hard to find a job in Buford, Georgia?
Unemployment in Buford, Georgia is only 3.4%, well below the Georgia rate of 5.1%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Buford, Georgia?
The Gini coefficient in Buford is 0.582. 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 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Buford, Georgia?
Since 2009, the income gap between men and women in Buford, Georgia has widened from about 21% to 30% in 2024. Over that period the gap was narrowest at 7% in 2016. In dollar terms, the gap has widened by $10,352 since 2009.
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