Wealth Index
Wealthier than 75% of 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 | Gilmer County | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $71,798 | $74,683 | $78,145 |
| Median Personal Income | $49,969 | $57,099 | $61,726 |
| Average income growth | 7.5% | 5.5% | 5.1% |
| Six-Figure Earners | 6.5% | 11.7% | 13.2% |
The median household income in Gilmer County is about 4% lower than in Georgia. Income has been growing faster in Gilmer County (7.5%/yr) than in Georgia (5.5%/yr).
About 6% of adults in Gilmer 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 Gilmer County, Georgia grew by 108.6% from 2009 to 2023, reaching $71,798 in 2023. That's an average of about 7.5% per year.
Economic Inequality in Gilmer County | Gender Pay Gap | Gini Coefficient
| Metric | Gilmer County | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.544 | 0.578 | 0.570 |
| Male Median Income | $54,788 | $62,912 | $67,746 |
| Female Median Income | $46,008 | $50,950 | $54,793 |
| Gender Pay Gap | 16.0% | 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 Gilmer County, it is 0.544, 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 19% more than women's income in Gilmer County, Georgia. Over a 35-year career, a 19% wage gap accumulates to roughly $307,300 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Gilmer County, Georgia has widened from about 10% to 16% in 2023. In dollar terms, the gap has widened by $5,637 since 2009.
Employment
| Metric | Gilmer County | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.8% | 5.1% | 5.2% |
| Working from Home | 8.4% | 14.2% | 13.4% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 254 people are unemployed in Gilmer County, Georgia.
The average commute time in Gilmer County is 21 minutes, shorter than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Gilmer County, Georgia has fallen from 9.2% to 1.8% in 2023.
Conclusion
Considering all these factors, Gilmer County, Georgia has an overall wealth index grade of C, making it about on par with Georgia, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Gilmer County, Georgia.
How Rich Is Gilmer County, Georgia?
Gilmer County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $71,798, about 4% lower than the Georgia average of $74,683.
What is the current median household income in Gilmer County, Georgia?
As of 2023, the median household income in Gilmer County, Georgia is $71,798.
What was the median household income in Gilmer County in 2023?
In 2023, the median household income in Gilmer County, Georgia was $71,798.
What was the median household income in Gilmer County in 2020?
In 2020, the median household income in Gilmer County, Georgia was $56,759.
What is the Gini coefficient in Gilmer County, Georgia?
The Gini coefficient in Gilmer County is 0.544. 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 Gilmer County, Georgia?
Since 2009, the income gap between men and women in Gilmer County, Georgia has widened from about 10% to 16% in 2023. In dollar terms, the gap has widened by $5,637 since 2009.