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 | Peachtree City | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $110,256 | $74,683 | $78,145 |
| Median Personal Income | $88,455 | $57,099 | $61,726 |
| Average income growth | 2.9% | 5.5% | 5.1% |
| Six-Figure Earners | 22.1% | 11.7% | 13.2% |
The median household income in Peachtree City is about 48% higher than in Georgia. Income has been growing slower in Peachtree City (2.9%/yr) than in Georgia (5.5%/yr).
About 22% of adults in Peachtree City 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 Peachtree City, Georgia grew by 22.8% from 2009 to 2023, reaching $110,256 in 2023. That's an average of about 2.9% per year.
Economic Inequality in Peachtree City | Gender Pay Gap | Gini Coefficient
| Metric | Peachtree City | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.577 | 0.578 | 0.570 |
| Male Median Income | $104,916 | $62,912 | $67,746 |
| Female Median Income | $71,655 | $50,950 | $54,793 |
| Gender Pay Gap | 31.7% | 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 Peachtree City, it is 0.577, about the same as Georgia's 0.578, so income here is about as evenly distributed as there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 46% more than women's income in Peachtree City, Georgia. Over a 35-year career, a 46% wage gap accumulates to roughly $1,164,135 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Peachtree City, Georgia has narrowed from about 41% to 32% in 2023. In dollar terms, the gap has narrowed by $1,082 since 2009.
Employment
| Metric | Peachtree City | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 5.1% | 5.2% |
| Working from Home | 24.3% | 14.2% | 13.4% |
| Commute time (minutes) | 26 | 23 | 22 |
Approximately 643 people are unemployed in Peachtree City, Georgia.
The average commute time in Peachtree City is 26 minutes, longer than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Peachtree City, Georgia has fallen from 4.6% to 4.0% in 2023.
Conclusion
Considering all these factors, Peachtree City, Georgia has an overall wealth index grade of A, making it notably better than Georgia, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Peachtree City, Georgia.
How Rich Is Peachtree City, Georgia?
Peachtree City has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $110,256, about 48% higher than the Georgia average of $74,683.
What is the current median household income in Peachtree City, Georgia?
As of 2023, the median household income in Peachtree City, Georgia is $110,256.
What was the median household income in Peachtree City in 2023?
In 2023, the median household income in Peachtree City, Georgia was $110,256.
What was the median household income in Peachtree City in 2020?
In 2020, the median household income in Peachtree City, Georgia was $97,539.
What is the Gini coefficient in Peachtree City, Georgia?
The Gini coefficient in Peachtree City is 0.577. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Peachtree City, Georgia?
Since 2009, the income gap between men and women in Peachtree City, Georgia has narrowed from about 41% to 32% in 2023. In dollar terms, the gap has narrowed by $1,082 since 2009.