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 | Lamar County | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,651 | $74,683 | $78,145 |
| Median Personal Income | $54,532 | $57,099 | $61,726 |
| Average income growth | 8.0% | 5.5% | 5.1% |
| Six-Figure Earners | 7.5% | 11.7% | 13.2% |
The median household income in Lamar County is about 8% lower than in Georgia. Income has been growing faster in Lamar County (8.0%/yr) than in Georgia (5.5%/yr).
About 7% of adults in Lamar 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 Lamar County, Georgia grew by 89.6% from 2009 to 2023, reaching $68,651 in 2023. That's an average of about 8.0% per year.
Economic Inequality in Lamar County | Gender Pay Gap | Gini Coefficient
| Metric | Lamar County | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.594 | 0.578 | 0.570 |
| Male Median Income | $64,323 | $62,912 | $67,746 |
| Female Median Income | $44,135 | $50,950 | $54,793 |
| Gender Pay Gap | 31.4% | 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 Lamar County, it is 0.594, higher than Georgia's 0.578, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 46% more than women's income in Lamar County, Georgia. Over a 35-year career, a 46% wage gap accumulates to roughly $706,580 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lamar County, Georgia has widened from about 20% to 31% in 2023. In dollar terms, the gap has widened by $12,647 since 2009.
Employment
| Metric | Lamar County | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.5% | 5.1% | 5.2% |
| Working from Home | 4.2% | 14.2% | 13.4% |
| Commute time (minutes) | 26 | 23 | 22 |
Approximately 308 people are unemployed in Lamar County, Georgia.
The average commute time in Lamar County is 26 minutes, longer than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lamar County, Georgia has fallen from 19.0% to 3.5% in 2023.
Conclusion
Considering all these factors, Lamar 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 Lamar County, Georgia.
How Rich Is Lamar County, Georgia?
Lamar 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 $68,651, about 8% lower than the Georgia average of $74,683.
What is the current median household income in Lamar County, Georgia?
As of 2023, the median household income in Lamar County, Georgia is $68,651.
What was the median household income in Lamar County in 2023?
In 2023, the median household income in Lamar County, Georgia was $68,651.
What was the median household income in Lamar County in 2020?
In 2020, the median household income in Lamar County, Georgia was $50,062.
What is the Gini coefficient in Lamar County, Georgia?
The Gini coefficient in Lamar County is 0.594. 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 Lamar County, Georgia?
Since 2009, the income gap between men and women in Lamar County, Georgia has widened from about 20% to 31% in 2023. In dollar terms, the gap has widened by $12,647 since 2009.