McDonough, Georgia Income Statistics
McDonough Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
C
McDonough Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | McDonough | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $71,810 | $77,523 | $80,455 |
| Median Personal Income | $50,099 | $55,999 | $60,758 |
| Average Yearly Income Growth | 4.4% | 5.3% | 4.8% |
| Six-Figure Earners | 5.8% | 12.4% | 13.9% |
| $200k+ Households | 5.3% | 11.9% | 13.2% |
The median household income in McDonough is about 7% lower than in Georgia. Income has been growing slower in McDonough (4.4%/yr) than in Georgia (5.3%/yr).
About 6% of adults in McDonough earn six figures ($100,000 or more) a year, lower than the Georgia average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in McDonough, Georgia grew by 24.2% from 2009 to 2024, reaching $71,810 in 2024. That's an average of about 4.4% per year.
Income Inequality and the Gender Pay Gap in McDonough
| Metric | McDonough | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.512 | 0.561 | 0.552 |
| Male Median Income | $56,263 | $65,087 | $69,667 |
| Female Median Income | $50,562 | $53,213 | $56,850 |
| Gender Pay Gap | 10.1% | 18.2% | 18.4% |
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 McDonough, it is 0.512, lower than Georgia's 0.561, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 11% more than women's income in McDonough, Georgia. Over a 35-year career, a 11% wage gap accumulates to roughly $199,535 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in McDonough, Georgia has narrowed from about 19% to 10% in 2024. Over that period the gap was widest at 23% in 2013, and was narrowest at 7% in 2019. In dollar terms, the gap has narrowed by $3,481 since 2009.
Employment
| Metric | McDonough | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.5% | 5.1% | 5.2% |
| Working from Home | 10.1% | 15.9% | 15.0% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 810 people are unemployed in McDonough, Georgia.
The average commute time in McDonough is 30 minutes, longer than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in McDonough, Georgia has fallen from 10.9% to 6.5% in 2024. Over that period the rate peaked at 13.9% in 2013 and fell as low as 6.5% in 2022.
McDonough, GA Wealth Compared With Nearby Cities
How McDonough, GA compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| McDonough, GA | 22,820 | $71,810 #1/2 | 4.4%/yr #1/2 | 6.5% #1/2 | 0.512 #1/2 |
| Stockbridge, GA | 31,413 | $68,334 | 3.5%/yr | 7.0% | 0.526 |
Conclusion
Considering all these factors, McDonough, 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 McDonough, Georgia.
How Rich Is McDonough, Georgia?
McDonough 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 $71,810, about 7% lower than the Georgia average of $77,523.
How has median household income changed in McDonough, Georgia?
Between 2009 and 2024, the median household income in McDonough, Georgia rose 24%, from $57,833 to $71,810. Over the same years, income here lagged behind Georgia as a whole: +24% against +57%.
What was the median household income in McDonough in 2023?
In 2023, the median household income in McDonough, Georgia was $70,179, about the same as in 2022. The Georgia median that year was $74,682.
What was the median household income in McDonough in 2020?
In 2020, the median household income in McDonough, Georgia was $64,365. By 2024 it had risen 12% to $71,810.
Is unemployment high in McDonough, Georgia?
Unemployment in McDonough, Georgia is 6.5%, well above the Georgia rate of 5.1%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in McDonough, Georgia?
The Gini coefficient in McDonough is 0.512. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in McDonough, Georgia?
Since 2009, the income gap between men and women in McDonough, Georgia has narrowed from about 19% to 10% in 2024. Over that period the gap was widest at 23% in 2013, and was narrowest at 7% in 2019. In dollar terms, the gap has narrowed by $3,481 since 2009.
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