Newnan, Georgia Income Statistics
Newnan 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.
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B
Newnan Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Newnan | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $75,504 | $77,523 | $80,455 |
| Median Personal Income | $57,907 | $55,999 | $60,758 |
| Average Yearly Income Growth | 3.5% | 5.3% | 4.8% |
| Six-Figure Earners | 13.3% | 12.4% | 13.9% |
| $200k+ Households | 10.6% | 11.9% | 13.2% |
The median household income in Newnan is about 3% lower than in Georgia. Income has been growing slower in Newnan (3.5%/yr) than in Georgia (5.3%/yr).
About 13% of adults in Newnan earn six figures ($100,000 or more) a year, higher than the Georgia average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Newnan, Georgia grew by 43.4% from 2009 to 2024, reaching $75,504 in 2024. That's an average of about 3.5% per year.
Income Inequality and the Gender Pay Gap in Newnan
| Metric | Newnan | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.531 | 0.561 | 0.552 |
| Male Median Income | $69,399 | $65,087 | $69,667 |
| Female Median Income | $57,431 | $53,213 | $56,850 |
| Gender Pay Gap | 17.2% | 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 Newnan, it is 0.531, 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 21% more than women's income in Newnan, Georgia. Over a 35-year career, a 21% wage gap accumulates to roughly $418,880 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Newnan, Georgia has narrowed from about 21% to 17% in 2024. Over that period the gap was widest at 34% in 2020, and was narrowest at 8% in 2013. In dollar terms, the gap has widened by $2,220 since 2009.
Employment
| Metric | Newnan | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.2% | 5.1% | 5.2% |
| Working from Home | 12.1% | 15.9% | 15.0% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 534 people are unemployed in Newnan, Georgia.
The average commute time in Newnan is 21 minutes, shorter than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Newnan, Georgia has fallen from 6.5% to 3.2% in 2024. Over that period the rate peaked at 7.4% in 2012 and fell as low as 3.1% in 2023.
Conclusion
Considering all these factors, Newnan, Georgia has an overall wealth index grade of B, making it somewhat better than Georgia, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Newnan, Georgia.
How Rich Is Newnan, Georgia?
Newnan has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $75,504, about 3% lower than the Georgia average of $77,523.
How has median household income changed in Newnan, Georgia?
Between 2009 and 2024, the median household income in Newnan, Georgia rose 43%, from $52,649 to $75,504. Over the same years, income here lagged behind Georgia as a whole: +43% against +57%.
What was the median household income in Newnan in 2023?
In 2023, the median household income in Newnan, Georgia was $72,954, up 3% from $71,079 in 2022. The Georgia median that year was $74,682.
What was the median household income in Newnan in 2020?
In 2020, the median household income in Newnan, Georgia was $64,724. By 2024 it had risen 17% to $75,504.
Is it hard to find a job in Newnan, Georgia?
Unemployment in Newnan, Georgia is only 3.2%, well below the Georgia rate of 5.1%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Newnan, Georgia?
The Gini coefficient in Newnan is 0.531. 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 Newnan, Georgia?
Since 2009, the income gap between men and women in Newnan, Georgia has narrowed from about 21% to 17% in 2024. Over that period the gap was widest at 34% in 2020, and was narrowest at 8% in 2013. In dollar terms, the gap has widened by $2,220 since 2009.
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