Wealth Index
Wealthier than 86% 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 | Hall County | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $77,883 | $74,683 | $78,145 |
| Median Personal Income | $50,322 | $57,099 | $61,726 |
| Average income growth | 5.8% | 5.5% | 5.1% |
| Six-Figure Earners | 10.1% | 11.7% | 13.2% |
The median household income in Hall County is about 4% higher than in Georgia. Income has been growing faster in Hall County (5.8%/yr) than in Georgia (5.5%/yr).
About 10% of adults in Hall 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 Hall County, Georgia grew by 52.2% from 2009 to 2023, reaching $77,883 in 2023. That's an average of about 5.8% per year.
Economic Inequality in Hall County | Gender Pay Gap | Gini Coefficient
| Metric | Hall County | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.561 | 0.578 | 0.570 |
| Male Median Income | $54,753 | $62,912 | $67,746 |
| Female Median Income | $44,041 | $50,950 | $54,793 |
| Gender Pay Gap | 19.6% | 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 Hall County, it is 0.561, 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 24% more than women's income in Hall County, Georgia. Over a 35-year career, a 24% wage gap accumulates to roughly $374,920 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hall County, Georgia has widened from about 18% to 20% in 2023. In dollar terms, the gap has widened by $3,782 since 2009.
Employment
| Metric | Hall County | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.9% | 5.1% | 5.2% |
| Working from Home | 10.9% | 14.2% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 4,091 people are unemployed in Hall County, Georgia.
The average commute time in Hall County is 23 minutes, about the same as in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hall County, Georgia has fallen from 7.6% to 3.9% in 2023.
Conclusion
Considering all these factors, Hall County, Georgia has an overall wealth index grade of C, making it somewhat better than Georgia, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Hall County, Georgia.
How Rich Is Hall County, Georgia?
Hall 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 $77,883, about 4% higher than the Georgia average of $74,683.
What is the current median household income in Hall County, Georgia?
As of 2023, the median household income in Hall County, Georgia is $77,883.
What was the median household income in Hall County in 2023?
In 2023, the median household income in Hall County, Georgia was $77,883.
What was the median household income in Hall County in 2020?
In 2020, the median household income in Hall County, Georgia was $64,944.
What is the Gini coefficient in Hall County, Georgia?
The Gini coefficient in Hall County is 0.561. 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 Hall County, Georgia?
Since 2009, the income gap between men and women in Hall County, Georgia has widened from about 18% to 20% in 2023. In dollar terms, the gap has widened by $3,782 since 2009.