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 | LaGrange | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $44,609 | $74,683 | $78,145 |
| Median Personal Income | $44,642 | $57,099 | $61,726 |
| Average income growth | 4.1% | 5.5% | 5.1% |
| Six-Figure Earners | 5.8% | 11.7% | 13.2% |
The median household income in LaGrange is about 40% lower than in Georgia. Income has been growing slower in LaGrange (4.1%/yr) than in Georgia (5.5%/yr).
About 6% of adults in LaGrange 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 LaGrange, Georgia grew by 28.9% from 2009 to 2023, reaching $44,609 in 2023. That's an average of about 4.1% per year.
Economic Inequality in LaGrange | Gender Pay Gap | Gini Coefficient
| Metric | LaGrange | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.574 | 0.578 | 0.570 |
| Male Median Income | $53,135 | $62,912 | $67,746 |
| Female Median Income | $38,610 | $50,950 | $54,793 |
| Gender Pay Gap | 27.3% | 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 LaGrange, it is 0.574, about the same as Georgia's 0.578, so income here is about as evenly distributed as there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 38% more than women's income in LaGrange, Georgia. Over a 35-year career, a 38% wage gap accumulates to roughly $508,375 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in LaGrange, Georgia has widened from about 15% to 27% in 2023. In dollar terms, the gap has widened by $9,556 since 2009.
Employment
| Metric | LaGrange | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.8% | 5.1% | 5.2% |
| Working from Home | 7.9% | 14.2% | 13.4% |
| Commute time (minutes) | 17 | 23 | 22 |
Approximately 782 people are unemployed in LaGrange, Georgia.
The average commute time in LaGrange is 17 minutes, shorter than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in LaGrange, Georgia has fallen from 14.2% to 7.8% in 2023.
Conclusion
Considering all these factors, LaGrange, 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 LaGrange, Georgia.
How Rich Is LaGrange, Georgia?
LaGrange 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 $44,609, about 40% lower than the Georgia average of $74,683.
What is the current median household income in LaGrange, Georgia?
As of 2023, the median household income in LaGrange, Georgia is $44,609.
What was the median household income in LaGrange in 2023?
In 2023, the median household income in LaGrange, Georgia was $44,609.
What was the median household income in LaGrange in 2020?
In 2020, the median household income in LaGrange, Georgia was $36,354.
What is the Gini coefficient in LaGrange, Georgia?
The Gini coefficient in LaGrange is 0.574. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in LaGrange, Georgia?
Since 2009, the income gap between men and women in LaGrange, Georgia has widened from about 15% to 27% in 2023. In dollar terms, the gap has widened by $9,556 since 2009.