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 | East Point | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $58,837 | $74,683 | $78,145 |
| Median Personal Income | $52,600 | $57,099 | $61,726 |
| Average income growth | 7.0% | 5.5% | 5.1% |
| Six-Figure Earners | 9.9% | 11.7% | 13.2% |
The median household income in East Point is about 21% lower than in Georgia. Income has been growing faster in East Point (7.0%/yr) than in Georgia (5.5%/yr).
About 10% of adults in East Point 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 East Point, Georgia grew by 46.9% from 2009 to 2023, reaching $58,837 in 2023. That's an average of about 7.0% per year.
Economic Inequality in East Point | Gender Pay Gap | Gini Coefficient
| Metric | East Point | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.512 | 0.578 | 0.570 |
| Male Median Income | $49,757 | $62,912 | $67,746 |
| Female Median Income | $53,941 | $50,950 | $54,793 |
| Gender Pay Gap | -8.4% | 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 East Point, it is 0.512, 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.
Women's income is about 8% more than men's income in East Point, Georgia. Over a 35-year career, a 8% wage gap accumulates to roughly $146,440 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in East Point, Georgia has widened from about 8% to -8% in 2023. In dollar terms, the gap has narrowed by $6,911 since 2009.
Employment
| Metric | East Point | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.6% | 5.1% | 5.2% |
| Working from Home | 16.5% | 14.2% | 13.4% |
| Commute time (minutes) | 27 | 23 | 22 |
Approximately 1,868 people are unemployed in East Point, Georgia.
The average commute time in East Point is 27 minutes, longer than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in East Point, Georgia has fallen from 15.1% to 8.6% in 2023.
Conclusion
Considering all these factors, East Point, 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 East Point, Georgia.
How Wealthy Is East Point, Georgia?
East Point 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 $58,837, about 21% lower than the Georgia average of $74,683.
What is the current median household income in East Point, Georgia?
As of 2023, the median household income in East Point, Georgia is $58,837.
What was the median household income in East Point in 2023?
In 2023, the median household income in East Point, Georgia was $58,837.
What was the median household income in East Point in 2020?
In 2020, the median household income in East Point, Georgia was $43,920.
What is the Gini coefficient in East Point, Georgia?
The Gini coefficient in East Point is 0.512. 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 East Point, Georgia?
Since 2009, the income gap between men and women in East Point, Georgia has widened from about 8% to -8% in 2023. In dollar terms, the gap has narrowed by $6,911 since 2009.