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 | Lawrenceville | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $66,035 | $74,683 | $78,145 |
| Median Personal Income | $45,800 | $57,099 | $61,726 |
| Average income growth | 3.4% | 5.5% | 5.1% |
| Six-Figure Earners | 6.1% | 11.7% | 13.2% |
The median household income in Lawrenceville is about 12% lower than in Georgia. Income has been growing slower in Lawrenceville (3.4%/yr) than in Georgia (5.5%/yr).
About 6% of adults in Lawrenceville 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 Lawrenceville, Georgia grew by 15.9% from 2009 to 2023, reaching $66,035 in 2023. That's an average of about 3.4% per year.
Economic Inequality in Lawrenceville | Gender Pay Gap | Gini Coefficient
| Metric | Lawrenceville | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.566 | 0.578 | 0.570 |
| Male Median Income | $47,020 | $62,912 | $67,746 |
| Female Median Income | $44,153 | $50,950 | $54,793 |
| Gender Pay Gap | 6.1% | 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 Lawrenceville, it is 0.566, lower than Georgia's 0.578, so income is more evenly distributed here than 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 6% more than women's income in Lawrenceville, Georgia. Over a 35-year career, a 6% wage gap accumulates to roughly $100,345 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lawrenceville, Georgia has narrowed from about 19% to 6% in 2023. In dollar terms, the gap has narrowed by $5,528 since 2009.
Employment
| Metric | Lawrenceville | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.7% | 5.1% | 5.2% |
| Working from Home | 12.2% | 14.2% | 13.4% |
| Commute time (minutes) | 31 | 23 | 22 |
Approximately 941 people are unemployed in Lawrenceville, Georgia.
The average commute time in Lawrenceville is 31 minutes, longer than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lawrenceville, Georgia has fallen from 10.1% to 4.7% in 2023.
Conclusion
Considering all these factors, Lawrenceville, Georgia has an overall wealth index grade of C, making it about on par with Georgia, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Lawrenceville, Georgia.
How Rich Is Lawrenceville, Georgia?
Lawrenceville 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 $66,035, about 12% lower than the Georgia average of $74,683.
What is the current median household income in Lawrenceville, Georgia?
As of 2023, the median household income in Lawrenceville, Georgia is $66,035.
What was the median household income in Lawrenceville in 2023?
In 2023, the median household income in Lawrenceville, Georgia was $66,035.
What was the median household income in Lawrenceville in 2020?
In 2020, the median household income in Lawrenceville, Georgia was $57,652.
What is the Gini coefficient in Lawrenceville, Georgia?
The Gini coefficient in Lawrenceville is 0.566. 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 Lawrenceville, Georgia?
Since 2009, the income gap between men and women in Lawrenceville, Georgia has narrowed from about 19% to 6% in 2023. In dollar terms, the gap has narrowed by $5,528 since 2009.