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 | Habersham County | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $65,372 | $74,683 | $78,145 |
| Median Personal Income | $46,994 | $57,099 | $61,726 |
| Average income growth | 6.7% | 5.5% | 5.1% |
| Six-Figure Earners | 6.5% | 11.7% | 13.2% |
The median household income in Habersham County is about 12% lower than in Georgia. Income has been growing faster in Habersham County (6.7%/yr) than in Georgia (5.5%/yr).
About 7% of adults in Habersham 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 Habersham County, Georgia grew by 61.8% from 2009 to 2023, reaching $65,372 in 2023. That's an average of about 6.7% per year.
Economic Inequality in Habersham County | Gender Pay Gap | Gini Coefficient
| Metric | Habersham County | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.579 | 0.578 | 0.570 |
| Male Median Income | $51,218 | $62,912 | $67,746 |
| Female Median Income | $40,697 | $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 Habersham County, it is 0.579, about the same as Georgia's 0.578, so income here is about as evenly distributed as there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 26% more than women's income in Habersham County, Georgia. Over a 35-year career, a 26% wage gap accumulates to roughly $368,235 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Habersham County, Georgia has stayed about the same since 2009, at around 21%. In dollar terms, the gap has widened by $2,991 since 2009.
Employment
| Metric | Habersham County | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.2% | 5.1% | 5.2% |
| Working from Home | 8.6% | 14.2% | 13.4% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 486 people are unemployed in Habersham County, Georgia.
The average commute time in Habersham County is 21 minutes, shorter than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Habersham County, Georgia has fallen from 8.3% to 2.2% in 2023.
Conclusion
Considering all these factors, Habersham County, Georgia has an overall wealth index grade of D, making it about on par with Georgia, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Habersham County, Georgia.
How Rich Is Habersham County, Georgia?
Habersham 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 $65,372, about 12% lower than the Georgia average of $74,683.
What is the current median household income in Habersham County, Georgia?
As of 2023, the median household income in Habersham County, Georgia is $65,372.
What was the median household income in Habersham County in 2023?
In 2023, the median household income in Habersham County, Georgia was $65,372.
What was the median household income in Habersham County in 2020?
In 2020, the median household income in Habersham County, Georgia was $54,496.
What is the Gini coefficient in Habersham County, Georgia?
The Gini coefficient in Habersham County is 0.579. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Habersham County, Georgia?
The income gap between men and women in Habersham County, Georgia has stayed about the same since 2009, at around 21%. In dollar terms, the gap has widened by $2,991 since 2009.