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 | Decatur | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $140,167 | $74,683 | $78,145 |
| Median Personal Income | $113,664 | $57,099 | $61,726 |
| Average income growth | 8.2% | 5.5% | 5.1% |
| Six-Figure Earners | 33.7% | 11.7% | 13.2% |
The median household income in Decatur is about 88% higher than in Georgia. Income has been growing faster in Decatur (8.2%/yr) than in Georgia (5.5%/yr).
About 34% of adults in Decatur 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 Decatur, Georgia grew by 104.3% from 2009 to 2023, reaching $140,167 in 2023. That's an average of about 8.2% per year.
Economic Inequality in Decatur | Gender Pay Gap | Gini Coefficient
| Metric | Decatur | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.550 | 0.578 | 0.570 |
| Male Median Income | $123,772 | $62,912 | $67,746 |
| Female Median Income | $98,440 | $50,950 | $54,793 |
| Gender Pay Gap | 20.5% | 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 Decatur, it is 0.550, 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 26% more than women's income in Decatur, Georgia. Over a 35-year career, a 26% wage gap accumulates to roughly $886,620 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Decatur, Georgia has narrowed from about 26% to 20% in 2023. In dollar terms, the gap has widened by $7,120 since 2009.
Employment
| Metric | Decatur | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.6% | 5.1% | 5.2% |
| Working from Home | 33.3% | 14.2% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 427 people are unemployed in Decatur, Georgia.
The average commute time in Decatur is 23 minutes, about the same as in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Decatur, Georgia has fallen from 8.1% to 3.6% in 2023.
Conclusion
Considering all these factors, Decatur, Georgia has an overall wealth index grade of A+, making it far better than Georgia, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Decatur, Georgia.
How Rich Is Decatur, Georgia?
Decatur has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $140,167, about 88% higher than the Georgia average of $74,683.
What is the current median household income in Decatur, Georgia?
As of 2023, the median household income in Decatur, Georgia is $140,167.
What was the median household income in Decatur in 2023?
In 2023, the median household income in Decatur, Georgia was $140,167.
What was the median household income in Decatur in 2020?
In 2020, the median household income in Decatur, Georgia was $114,139.
What is the Gini coefficient in Decatur, Georgia?
The Gini coefficient in Decatur is 0.550. 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 Decatur, Georgia?
Since 2009, the income gap between men and women in Decatur, Georgia has narrowed from about 26% to 20% in 2023. In dollar terms, the gap has widened by $7,120 since 2009.