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 | Lithia Springs | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $56,075 | $74,683 | $78,145 |
| Median Personal Income | $47,629 | $57,099 | $61,726 |
| Average income growth | 3.5% | 5.5% | 5.1% |
| Six-Figure Earners | 5.5% | 11.7% | 13.2% |
The median household income in Lithia Springs is about 25% lower than in Georgia. Income has been growing slower in Lithia Springs (3.5%/yr) than in Georgia (5.5%/yr).
About 6% of adults in Lithia Springs 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 Lithia Springs, Georgia grew by 19.1% from 2009 to 2023, reaching $56,075 in 2023. That's an average of about 3.5% per year.
Economic Inequality in Lithia Springs | Gender Pay Gap | Gini Coefficient
| Metric | Lithia Springs | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.494 | 0.578 | 0.570 |
| Male Median Income | $50,802 | $62,912 | $67,746 |
| Female Median Income | $44,660 | $50,950 | $54,793 |
| Gender Pay Gap | 12.1% | 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 Lithia Springs, it is 0.494, 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 14% more than women's income in Lithia Springs, Georgia. Over a 35-year career, a 14% wage gap accumulates to roughly $214,970 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lithia Springs, Georgia has narrowed from about 22% to 12% in 2023. In dollar terms, the gap has narrowed by $2,883 since 2009.
Employment
| Metric | Lithia Springs | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.2% | 5.1% | 5.2% |
| Working from Home | 11.7% | 14.2% | 13.4% |
| Commute time (minutes) | 28 | 23 | 22 |
Approximately 543 people are unemployed in Lithia Springs, Georgia.
The average commute time in Lithia Springs is 28 minutes, longer than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lithia Springs, Georgia has fallen from 14.4% to 5.2% in 2023.
Conclusion
Considering all these factors, Lithia Springs, 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 Lithia Springs, Georgia.
How Rich Is Lithia Springs, Georgia?
Lithia Springs 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 $56,075, about 25% lower than the Georgia average of $74,683.
What is the current median household income in Lithia Springs, Georgia?
As of 2023, the median household income in Lithia Springs, Georgia is $56,075.
What was the median household income in Lithia Springs in 2023?
In 2023, the median household income in Lithia Springs, Georgia was $56,075.
What was the median household income in Lithia Springs in 2020?
In 2020, the median household income in Lithia Springs, Georgia was $46,411.
What is the Gini coefficient in Lithia Springs, Georgia?
The Gini coefficient in Lithia Springs is 0.494. 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 Lithia Springs, Georgia?
Since 2009, the income gap between men and women in Lithia Springs, Georgia has narrowed from about 22% to 12% in 2023. In dollar terms, the gap has narrowed by $2,883 since 2009.