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 | Clay County | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $47,630 | $74,683 | $78,145 |
| Median Personal Income | $37,979 | $57,099 | $61,726 |
| Average income growth | 12.0% | 5.5% | 5.1% |
| Six-Figure Earners | 3.3% | 11.7% | 13.2% |
The median household income in Clay County is about 36% lower than in Georgia. Income has been growing faster in Clay County (12.0%/yr) than in Georgia (5.5%/yr).
About 3% of adults in Clay 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 Clay County, Georgia grew by 68.2% from 2009 to 2023, reaching $47,630 in 2023. That's an average of about 12.0% per year.
Economic Inequality in Clay County | Gender Pay Gap | Gini Coefficient
| Metric | Clay County | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.586 | 0.578 | 0.570 |
| Male Median Income | $47,804 | $62,912 | $67,746 |
| Female Median Income | $30,524 | $50,950 | $54,793 |
| Gender Pay Gap | 36.1% | 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 Clay County, it is 0.586, 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 57% more than women's income in Clay County, Georgia. Over a 35-year career, a 57% wage gap accumulates to roughly $604,800 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Clay County, Georgia has widened from about 26% to 36% in 2023. In dollar terms, the gap has widened by $9,404 since 2009.
Employment
| Metric | Clay County | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 5.1% | 5.2% |
| Working from Home | 3.9% | 14.2% | 13.4% |
| Commute time (minutes) | 16 | 23 | 22 |
Approximately 52 people are unemployed in Clay County, Georgia.
The average commute time in Clay County is 16 minutes, shorter than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Clay County, Georgia has fallen from 20.0% to 4.4% in 2023.
Conclusion
Considering all these factors, Clay County, Georgia has an overall wealth index grade of F, making it somewhat worse than Georgia, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Clay County, Georgia.
How Rich Is Clay County, Georgia?
Clay County has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $47,630, about 36% lower than the Georgia average of $74,683.
What is the current median household income in Clay County, Georgia?
As of 2023, the median household income in Clay County, Georgia is $47,630.
What was the median household income in Clay County in 2023?
In 2023, the median household income in Clay County, Georgia was $47,630.
What was the median household income in Clay County in 2020?
In 2020, the median household income in Clay County, Georgia was $31,267.
What is the Gini coefficient in Clay County, Georgia?
The Gini coefficient in Clay County is 0.586. 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 Clay County, Georgia?
Since 2009, the income gap between men and women in Clay County, Georgia has widened from about 26% to 36% in 2023. In dollar terms, the gap has widened by $9,404 since 2009.