Wealth Index
Among the top 5 wealthiest 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 | Cobb County | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $98,996 | $74,683 | $78,145 |
| Median Personal Income | $69,709 | $57,099 | $61,726 |
| Average income growth | 5.3% | 5.5% | 5.1% |
| Six-Figure Earners | 18.2% | 11.7% | 13.2% |
The median household income in Cobb County is about 33% higher than in Georgia. Income has been growing slower in Cobb County (5.3%/yr) than in Georgia (5.5%/yr).
About 18% of adults in Cobb County 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 Cobb County, Georgia grew by 47.7% from 2009 to 2023, reaching $98,996 in 2023. That's an average of about 5.3% per year.
Economic Inequality in Cobb County | Gender Pay Gap | Gini Coefficient
| Metric | Cobb County | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.559 | 0.578 | 0.570 |
| Male Median Income | $75,571 | $62,912 | $67,746 |
| Female Median Income | $63,989 | $50,950 | $54,793 |
| Gender Pay Gap | 15.3% | 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 Cobb County, it is 0.559, 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 18% more than women's income in Cobb County, Georgia. Over a 35-year career, a 18% wage gap accumulates to roughly $405,370 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cobb County, Georgia has narrowed from about 21% to 15% in 2023. In dollar terms, the gap has narrowed by $59 since 2009.
Employment
| Metric | Cobb County | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 5.1% | 5.2% |
| Working from Home | 21.2% | 14.2% | 13.4% |
| Commute time (minutes) | 28 | 23 | 22 |
Approximately 19,673 people are unemployed in Cobb County, Georgia.
The average commute time in Cobb County is 28 minutes, longer than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cobb County, Georgia has fallen from 8.5% to 4.5% in 2023.
Conclusion
Considering all these factors, Cobb County, 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 Cobb County, Georgia.
How Rich Is Cobb County, Georgia?
Cobb County 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 $98,996, about 33% higher than the Georgia average of $74,683.
What is the current median household income in Cobb County, Georgia?
As of 2023, the median household income in Cobb County, Georgia is $98,996.
What was the median household income in Cobb County in 2023?
In 2023, the median household income in Cobb County, Georgia was $98,996.
What was the median household income in Cobb County in 2020?
In 2020, the median household income in Cobb County, Georgia was $81,594.
What is the Gini coefficient in Cobb County, Georgia?
The Gini coefficient in Cobb County is 0.559. 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 Cobb County, Georgia?
Since 2009, the income gap between men and women in Cobb County, Georgia has narrowed from about 21% to 15% in 2023. In dollar terms, the gap has narrowed by $59 since 2009.