Wealth Index
Among the top 3 wealthiest counties in Georgia
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 | Oconee County | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $118,300 | $74,683 | $78,145 |
| Median Personal Income | $78,502 | $57,099 | $61,726 |
| Average income growth | 6.6% | 5.5% | 5.1% |
| Six-Figure Earners | 20.8% | 11.7% | 13.2% |
The median household income in Oconee County is about 58% higher than in Georgia. Income has been growing faster in Oconee County (6.6%/yr) than in Georgia (5.5%/yr).
About 21% of adults in Oconee County earn six figures ($100,000 or more) a year, higher than the Georgia average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Oconee County, Georgia grew by 73.2% from 2009 to 2023, reaching $118,300 in 2023. That's an average of about 6.6% per year.
Economic Inequality in Oconee County | Gender Pay Gap | Gini Coefficient
| Metric | Oconee County | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.569 | 0.578 | 0.570 |
| Male Median Income | $93,987 | $62,912 | $67,746 |
| Female Median Income | $63,063 | $50,950 | $54,793 |
| Gender Pay Gap | 32.9% | 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 Oconee County, it is 0.569, 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 49% more than women's income in Oconee County, Georgia. Over a 35-year career, a 49% wage gap accumulates to roughly $1,082,340 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Oconee County, Georgia has widened from about 31% to 33% in 2023. In dollar terms, the gap has widened by $13,149 since 2009.
Employment
| Metric | Oconee County | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.0% | 5.1% | 5.2% |
| Working from Home | 17.7% | 14.2% | 13.4% |
| Commute time (minutes) | 20 | 23 | 22 |
Approximately 650 people are unemployed in Oconee County, Georgia.
The average commute time in Oconee County is 20 minutes, shorter than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Oconee County, Georgia has fallen from 6.2% to 3.0% in 2023.
Conclusion
Considering all these factors, Oconee County, Georgia has an overall wealth index grade of B, making it notably better than Georgia, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Oconee County, Georgia.
How Wealthy Is Oconee County, Georgia?
Oconee County 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 $118,300, about 58% higher than the Georgia average of $74,683.
What is the current median household income in Oconee County, Georgia?
As of 2023, the median household income in Oconee County, Georgia is $118,300.
What was the median household income in Oconee County in 2023?
In 2023, the median household income in Oconee County, Georgia was $118,300.
What was the median household income in Oconee County in 2020?
In 2020, the median household income in Oconee County, Georgia was $96,185.
What is the Gini coefficient in Oconee County, Georgia?
The Gini coefficient in Oconee County is 0.569. 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 Oconee County, Georgia?
Since 2009, the income gap between men and women in Oconee County, Georgia has widened from about 31% to 33% in 2023. In dollar terms, the gap has widened by $13,149 since 2009.