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 | Colquitt County | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $49,735 | $74,683 | $78,145 |
| Median Personal Income | $42,137 | $57,099 | $61,726 |
| Average income growth | 5.7% | 5.5% | 5.1% |
| Six-Figure Earners | 5.8% | 11.7% | 13.2% |
The median household income in Colquitt County is about 33% lower than in Georgia. Income has been growing faster in Colquitt County (5.7%/yr) than in Georgia (5.5%/yr).
About 6% of adults in Colquitt 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 Colquitt County, Georgia grew by 55.5% from 2009 to 2023, reaching $49,735 in 2023. That's an average of about 5.7% per year.
Economic Inequality in Colquitt County | Gender Pay Gap | Gini Coefficient
| Metric | Colquitt County | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.576 | 0.578 | 0.570 |
| Male Median Income | $44,881 | $62,912 | $67,746 |
| Female Median Income | $38,398 | $50,950 | $54,793 |
| Gender Pay Gap | 14.4% | 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 Colquitt County, it is 0.576, about the same as Georgia's 0.578, so income here is about as evenly distributed as there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 17% more than women's income in Colquitt County, Georgia. Over a 35-year career, a 17% wage gap accumulates to roughly $226,905 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Colquitt County, Georgia has stayed about the same since 2009, at around 14%. In dollar terms, the gap has widened by $2,461 since 2009.
Employment
| Metric | Colquitt County | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 5.1% | 5.2% |
| Working from Home | 5.4% | 14.2% | 13.4% |
| Commute time (minutes) | 18 | 23 | 22 |
Approximately 862 people are unemployed in Colquitt County, Georgia.
The average commute time in Colquitt County is 18 minutes, shorter than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Colquitt County, Georgia has fallen from 8.1% to 4.1% in 2023.
Conclusion
Considering all these factors, Colquitt 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 Colquitt County, Georgia.
How Rich Is Colquitt County, Georgia?
Colquitt 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 $49,735, about 33% lower than the Georgia average of $74,683.
What is the current median household income in Colquitt County, Georgia?
As of 2023, the median household income in Colquitt County, Georgia is $49,735.
What was the median household income in Colquitt County in 2023?
In 2023, the median household income in Colquitt County, Georgia was $49,735.
What was the median household income in Colquitt County in 2020?
In 2020, the median household income in Colquitt County, Georgia was $37,612.
What is the Gini coefficient in Colquitt County, Georgia?
The Gini coefficient in Colquitt County is 0.576. 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 Colquitt County, Georgia?
The income gap between men and women in Colquitt County, Georgia has stayed about the same since 2009, at around 14%. In dollar terms, the gap has widened by $2,461 since 2009.