Wealth Index
Less wealthy than 94% 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 | Randolph County | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $25,298 | $74,683 | $78,145 |
| Median Personal Income | $39,649 | $57,099 | $61,726 |
| Average income growth | -2.5% | 5.5% | 5.1% |
| Six-Figure Earners | 2.4% | 11.7% | 13.2% |
The median household income in Randolph County is about 66% lower than in Georgia. Income has been growing slower in Randolph County (-2.5%/yr) than in Georgia (5.5%/yr).
About 2% of adults in Randolph 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 Randolph County, Georgia fell by 8.9% from 2009 to 2023, reaching $25,298 in 2023. That's an average of about 2.5% per year.
Economic Inequality in Randolph County | Gender Pay Gap | Gini Coefficient
| Metric | Randolph County | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.561 | 0.578 | 0.570 |
| Male Median Income | $44,838 | $62,912 | $67,746 |
| Female Median Income | $33,159 | $50,950 | $54,793 |
| Gender Pay Gap | 26.0% | 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 Randolph County, 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 35% more than women's income in Randolph County, Georgia. Over a 35-year career, a 35% wage gap accumulates to roughly $408,765 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Randolph County, Georgia has widened from about -2% to 26% in 2023. In dollar terms, the gap has widened by $12,075 since 2009.
Employment
| Metric | Randolph County | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 10.3% | 5.1% | 5.2% |
| Working from Home | 6.4% | 14.2% | 13.4% |
| Commute time (minutes) | 17 | 23 | 22 |
Approximately 278 people are unemployed in Randolph County, Georgia.
The average commute time in Randolph County is 17 minutes, shorter than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Randolph County, Georgia has fallen from 16.6% to 10.3% in 2023.
Conclusion
Considering all these factors, Randolph County, Georgia has an overall wealth index grade of F, making it somewhat worse than Georgia, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Randolph County, Georgia.
How Rich Is Randolph County, Georgia?
Randolph County has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $25,298, about 66% lower than the Georgia average of $74,683.
What is the current median household income in Randolph County, Georgia?
As of 2023, the median household income in Randolph County, Georgia is $25,298.
What was the median household income in Randolph County in 2023?
In 2023, the median household income in Randolph County, Georgia was $25,298.
What was the median household income in Randolph County in 2020?
In 2020, the median household income in Randolph County, Georgia was $29,301.
What is the Gini coefficient in Randolph County, Georgia?
The Gini coefficient in Randolph County 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 Randolph County, Georgia?
Since 2009, the income gap between men and women in Randolph County, Georgia has widened from about -2% to 26% in 2023. In dollar terms, the gap has widened by $12,075 since 2009.