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 Corners | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $84,737 | $74,683 | $78,145 |
| Median Personal Income | $61,763 | $57,099 | $61,726 |
| Average income growth | 3.7% | 5.5% | 5.1% |
| Six-Figure Earners | 17.0% | 11.7% | 13.2% |
The median household income in Peachtree Corners is about 13% higher than in Georgia. Income has been growing slower in Peachtree Corners (3.7%/yr) than in Georgia (5.5%/yr).
About 17% of adults in Peachtree Corners 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 Corners, Georgia grew by 28.4% from 2009 to 2023, reaching $84,737 in 2023. That's an average of about 3.7% per year.
Economic Inequality in Peachtree Corners | Gender Pay Gap | Gini Coefficient
| Metric | Peachtree Corners | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.561 | 0.578 | 0.570 |
| Male Median Income | $67,986 | $62,912 | $67,746 |
| Female Median Income | $55,311 | $50,950 | $54,793 |
| Gender Pay Gap | 18.6% | 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 Corners, it is 0.561, 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 23% more than women's income in Peachtree Corners, Georgia. Over a 35-year career, a 23% wage gap accumulates to roughly $443,625 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 Corners, Georgia has narrowed from about 33% to 19% in 2023. In dollar terms, the gap has narrowed by $8,339 since 2009.
Employment
| Metric | Peachtree Corners | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.0% | 5.1% | 5.2% |
| Working from Home | 22.8% | 14.2% | 13.4% |
| Commute time (minutes) | 25 | 23 | 22 |
Approximately 714 people are unemployed in Peachtree Corners, Georgia.
The average commute time in Peachtree Corners is 25 minutes, longer than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Peachtree Corners, Georgia has fallen from 8.7% to 3.0% in 2023.
Conclusion
Considering all these factors, Peachtree Corners, 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 Peachtree Corners, Georgia.
How Rich Is Peachtree Corners, Georgia?
Peachtree Corners 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 $84,737, about 13% higher than the Georgia average of $74,683.
What is the current median household income in Peachtree Corners, Georgia?
As of 2023, the median household income in Peachtree Corners, Georgia is $84,737.
What was the median household income in Peachtree Corners in 2023?
In 2023, the median household income in Peachtree Corners, Georgia was $84,737.
What was the median household income in Peachtree Corners in 2020?
In 2020, the median household income in Peachtree Corners, Georgia was $65,671.
What is the Gini coefficient in Peachtree Corners, Georgia?
The Gini coefficient in Peachtree Corners is 0.561. 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 Peachtree Corners, Georgia?
Since 2009, the income gap between men and women in Peachtree Corners, Georgia has narrowed from about 33% to 19% in 2023. In dollar terms, the gap has narrowed by $8,339 since 2009.