Wealth Index
Wealthier than 88% of 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 | Pickens County | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $75,250 | $74,683 | $78,145 |
| Median Personal Income | $54,005 | $57,099 | $61,726 |
| Average income growth | 3.9% | 5.5% | 5.1% |
| Six-Figure Earners | 10.0% | 11.7% | 13.2% |
The median household income in Pickens County is about 1% higher than in Georgia. Income has been growing slower in Pickens County (3.9%/yr) than in Georgia (5.5%/yr).
About 10% of adults in Pickens County earn six figures ($100,000 or more) a year, lower than the Georgia average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Pickens County, Georgia grew by 50.0% from 2009 to 2023, reaching $75,250 in 2023. That's an average of about 3.9% per year.
Economic Inequality in Pickens County | Gender Pay Gap | Gini Coefficient
| Metric | Pickens County | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.523 | 0.578 | 0.570 |
| Male Median Income | $57,624 | $62,912 | $67,746 |
| Female Median Income | $44,856 | $50,950 | $54,793 |
| Gender Pay Gap | 22.2% | 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 Pickens County, it is 0.523, 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 28% more than women's income in Pickens County, Georgia. Over a 35-year career, a 28% wage gap accumulates to roughly $446,880 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Pickens County, Georgia has narrowed from about 25% to 22% in 2023. In dollar terms, the gap has widened by $1,593 since 2009.
Employment
| Metric | Pickens County | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 5.1% | 5.2% |
| Working from Home | 16.0% | 14.2% | 13.4% |
| Commute time (minutes) | 27 | 23 | 22 |
Approximately 626 people are unemployed in Pickens County, Georgia.
The average commute time in Pickens County is 27 minutes, longer than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Pickens County, Georgia has fallen from 9.6% to 3.8% in 2023.
Conclusion
Considering all these factors, Pickens County, 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 Pickens County, Georgia.
How Rich Is Pickens County, Georgia?
Pickens 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 $75,250, about 1% higher than the Georgia average of $74,683.
What is the current median household income in Pickens County, Georgia?
As of 2023, the median household income in Pickens County, Georgia is $75,250.
What was the median household income in Pickens County in 2023?
In 2023, the median household income in Pickens County, Georgia was $75,250.
What was the median household income in Pickens County in 2020?
In 2020, the median household income in Pickens County, Georgia was $66,868.
What is the Gini coefficient in Pickens County, Georgia?
The Gini coefficient in Pickens County is 0.523. 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 Pickens County, Georgia?
Since 2009, the income gap between men and women in Pickens County, Georgia has narrowed from about 25% to 22% in 2023. In dollar terms, the gap has widened by $1,593 since 2009.