Canton, Georgia Income Statistics
Canton 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.
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B
Canton Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Canton | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $74,012 | $77,523 | $80,455 |
| Median Personal Income | $49,156 | $55,999 | $60,758 |
| Average Yearly Income Growth | 4.2% | 5.3% | 4.8% |
| Six-Figure Earners | 8.8% | 12.4% | 13.9% |
| $200k+ Households | 7.4% | 11.9% | 13.2% |
The median household income in Canton is about 5% lower than in Georgia. Income has been growing slower in Canton (4.2%/yr) than in Georgia (5.3%/yr).
About 9% of adults in Canton earn six figures ($100,000 or more) a year, lower than the Georgia average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Canton, Georgia grew by 62.5% from 2009 to 2024, reaching $74,012 in 2024. That's an average of about 4.2% per year.
Income Inequality and the Gender Pay Gap in Canton
| Metric | Canton | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.536 | 0.561 | 0.552 |
| Male Median Income | $52,297 | $65,087 | $69,667 |
| Female Median Income | $52,515 | $53,213 | $56,850 |
| Gender Pay Gap | -0.4% | 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 Canton, it is 0.536, lower than Georgia's 0.561, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Women's income is about 0% more than men's income in Canton, Georgia.
Income by Sex Over Time
Since 2009, the income gap between men and women in Canton, Georgia has narrowed from about 21% to -0% in 2024. In dollar terms, the gap has narrowed by $9,244 since 2009.
Employment
| Metric | Canton | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 5.1% | 5.2% |
| Working from Home | 18.0% | 15.9% | 15.0% |
| Commute time (minutes) | 22 | 23 | 22 |
Approximately 481 people are unemployed in Canton, Georgia.
The average commute time in Canton is 22 minutes, shorter than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Canton, Georgia has fallen from 10.1% to 4.5% in 2024. Over that period the rate fell as low as 4.1% in 2023.
Canton, GA Wealth Compared With Nearby Cities
How Canton, GA compares with the 1 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. |
|---|---|---|---|---|---|
| Canton, GA | 21,210 | $74,012 #2/2 | 4.2%/yr #2/2 | 4.5% #2/2 | 0.536 #2/2 |
| Woodstock, GA | 32,770 | $102,891 | 5.5%/yr | 2.5% | 0.524 |
Conclusion
Considering all these factors, Canton, 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 Canton, Georgia.
How Rich Is Canton, Georgia?
Canton 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 $74,012, about 5% lower than the Georgia average of $77,523.
How has median household income changed in Canton, Georgia?
Between 2009 and 2024, the median household income in Canton, Georgia rose 63%, from $45,536 to $74,012. Over the same years, income here outpaced Georgia as a whole: +63% against +57%.
What was the median household income in Canton in 2023?
In 2023, the median household income in Canton, Georgia was $74,550, up 11% from $67,378 in 2022. The Georgia median that year was $74,682.
What was the median household income in Canton in 2020?
In 2020, the median household income in Canton, Georgia was $58,071. By 2024 it had risen 27% to $74,012.
What is the Gini coefficient in Canton, Georgia?
The Gini coefficient in Canton is 0.536. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Canton, Georgia?
Since 2009, the income gap between men and women in Canton, Georgia has narrowed from about 21% to -0% in 2024. In dollar terms, the gap has narrowed by $9,244 since 2009.
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