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 | Glascock County | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $55,855 | $74,683 | $78,145 |
| Median Personal Income | $48,306 | $57,099 | $61,726 |
| Average income growth | 3.8% | 5.5% | 5.1% |
| Six-Figure Earners | 5.8% | 11.7% | 13.2% |
The median household income in Glascock County is about 25% lower than in Georgia. Income has been growing slower in Glascock County (3.8%/yr) than in Georgia (5.5%/yr).
About 6% of adults in Glascock 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 Glascock County, Georgia grew by 68.9% from 2009 to 2023, reaching $55,855 in 2023. That's an average of about 3.8% per year.
Economic Inequality in Glascock County | Gender Pay Gap | Gini Coefficient
| Metric | Glascock County | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.531 | 0.578 | 0.570 |
| Male Median Income | $60,318 | $62,912 | $67,746 |
| Female Median Income | $42,310 | $50,950 | $54,793 |
| Gender Pay Gap | 29.9% | 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 Glascock County, it is 0.531, 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 43% more than women's income in Glascock County, Georgia. Over a 35-year career, a 43% wage gap accumulates to roughly $630,280 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Glascock County, Georgia has widened from about 27% to 30% in 2023. In dollar terms, the gap has widened by $8,212 since 2009.
Employment
| Metric | Glascock County | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.1% | 5.1% | 5.2% |
| Working from Home | 4.4% | 14.2% | 13.4% |
| Commute time (minutes) | 31 | 23 | 22 |
Approximately 13 people are unemployed in Glascock County, Georgia.
The average commute time in Glascock County is 31 minutes, longer than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Glascock County, Georgia has fallen from 6.9% to 1.1% in 2023.
Conclusion
Considering all these factors, Glascock 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 Glascock County, Georgia.
How Rich Is Glascock County, Georgia?
Glascock 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 $55,855, about 25% lower than the Georgia average of $74,683.
What is the current median household income in Glascock County, Georgia?
As of 2023, the median household income in Glascock County, Georgia is $55,855.
What was the median household income in Glascock County in 2023?
In 2023, the median household income in Glascock County, Georgia was $55,855.
What was the median household income in Glascock County in 2020?
In 2020, the median household income in Glascock County, Georgia was $46,071.
What is the Gini coefficient in Glascock County, Georgia?
The Gini coefficient in Glascock County is 0.531. 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 Glascock County, Georgia?
Since 2009, the income gap between men and women in Glascock County, Georgia has widened from about 27% to 30% in 2023. In dollar terms, the gap has widened by $8,212 since 2009.