Wealth Index
Wealthiest county 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 | Forsyth County | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $138,801 | $74,683 | $78,145 |
| Median Personal Income | $93,865 | $57,099 | $61,726 |
| Average income growth | 5.8% | 5.5% | 5.1% |
| Six-Figure Earners | 26.0% | 11.7% | 13.2% |
The median household income in Forsyth County is about 86% higher than in Georgia. Income has been growing faster in Forsyth County (5.8%/yr) than in Georgia (5.5%/yr).
About 26% of adults in Forsyth 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 Forsyth County, Georgia grew by 58.7% from 2009 to 2023, reaching $138,801 in 2023. That's an average of about 5.8% per year.
Economic Inequality in Forsyth County | Gender Pay Gap | Gini Coefficient
| Metric | Forsyth County | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.573 | 0.578 | 0.570 |
| Male Median Income | $110,037 | $62,912 | $67,746 |
| Female Median Income | $74,830 | $50,950 | $54,793 |
| Gender Pay Gap | 32.0% | 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 Forsyth County, it is 0.573, lower than Georgia's 0.578, so income is more evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 47% more than women's income in Forsyth County, Georgia. Over a 35-year career, a 47% wage gap accumulates to roughly $1,232,245 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Forsyth County, Georgia has narrowed from about 33% to 32% in 2023. In dollar terms, the gap has widened by $12,216 since 2009.
Employment
| Metric | Forsyth County | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.3% | 5.1% | 5.2% |
| Working from Home | 29.4% | 14.2% | 13.4% |
| Commute time (minutes) | 27 | 23 | 22 |
Approximately 4,675 people are unemployed in Forsyth County, Georgia.
The average commute time in Forsyth County is 27 minutes, longer than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Forsyth County, Georgia has fallen from 7.4% to 3.3% in 2023.
Conclusion
Considering all these factors, Forsyth County, Georgia has an overall wealth index grade of A, making it far better than Georgia, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Forsyth County, Georgia.
How Rich Is Forsyth County, Georgia?
Forsyth County 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 residents are much better off than the U.S. average. The median household income is $138,801, about 86% higher than the Georgia average of $74,683.
What is the current median household income in Forsyth County, Georgia?
As of 2023, the median household income in Forsyth County, Georgia is $138,801.
What was the median household income in Forsyth County in 2023?
In 2023, the median household income in Forsyth County, Georgia was $138,801.
What was the median household income in Forsyth County in 2020?
In 2020, the median household income in Forsyth County, Georgia was $113,969.
What is the Gini coefficient in Forsyth County, Georgia?
The Gini coefficient in Forsyth County is 0.573. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Forsyth County, Georgia?
Since 2009, the income gap between men and women in Forsyth County, Georgia has narrowed from about 33% to 32% in 2023. In dollar terms, the gap has widened by $12,216 since 2009.