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 | Heard County | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $62,694 | $74,683 | $78,145 |
| Median Personal Income | $51,196 | $57,099 | $61,726 |
| Average income growth | 5.2% | 5.5% | 5.1% |
| Six-Figure Earners | 8.4% | 11.7% | 13.2% |
The median household income in Heard County is about 16% lower than in Georgia. Income has been growing slower in Heard County (5.2%/yr) than in Georgia (5.5%/yr).
About 8% of adults in Heard 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 Heard County, Georgia grew by 54.7% from 2009 to 2023, reaching $62,694 in 2023. That's an average of about 5.2% per year.
Economic Inequality in Heard County | Gender Pay Gap | Gini Coefficient
| Metric | Heard County | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.535 | 0.578 | 0.570 |
| Male Median Income | $60,904 | $62,912 | $67,746 |
| Female Median Income | $38,661 | $50,950 | $54,793 |
| Gender Pay Gap | 36.5% | 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 Heard County, it is 0.535, 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 58% more than women's income in Heard County, Georgia. Over a 35-year career, a 58% wage gap accumulates to roughly $778,505 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Heard County, Georgia has widened from about 27% to 37% in 2023. In dollar terms, the gap has widened by $11,024 since 2009.
Employment
| Metric | Heard County | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.2% | 5.1% | 5.2% |
| Working from Home | 3.9% | 14.2% | 13.4% |
| Commute time (minutes) | 32 | 23 | 22 |
Approximately 254 people are unemployed in Heard County, Georgia.
The average commute time in Heard County is 32 minutes, longer than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Heard County, Georgia has fallen from 12.7% to 5.2% in 2023.
Conclusion
Considering all these factors, Heard 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 Heard County, Georgia.
How Rich Is Heard County, Georgia?
Heard 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 $62,694, about 16% lower than the Georgia average of $74,683.
What is the current median household income in Heard County, Georgia?
As of 2023, the median household income in Heard County, Georgia is $62,694.
What was the median household income in Heard County in 2023?
In 2023, the median household income in Heard County, Georgia was $62,694.
What was the median household income in Heard County in 2020?
In 2020, the median household income in Heard County, Georgia was $50,681.
What is the Gini coefficient in Heard County, Georgia?
The Gini coefficient in Heard County is 0.535. 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 Heard County, Georgia?
Since 2009, the income gap between men and women in Heard County, Georgia has widened from about 27% to 37% in 2023. In dollar terms, the gap has widened by $11,024 since 2009.