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 | Redan | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,515 | $74,683 | $78,145 |
| Median Personal Income | $44,336 | $57,099 | $61,726 |
| Average income growth | 4.0% | 5.5% | 5.1% |
| Six-Figure Earners | 4.5% | 11.7% | 13.2% |
The median household income in Redan is about 18% lower than in Georgia. Income has been growing slower in Redan (4.0%/yr) than in Georgia (5.5%/yr).
About 5% of adults in Redan 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 Redan, Georgia grew by 24.4% from 2009 to 2023, reaching $61,515 in 2023. That's an average of about 4.0% per year.
Economic Inequality in Redan | Gender Pay Gap | Gini Coefficient
| Metric | Redan | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.517 | 0.578 | 0.570 |
| Male Median Income | $45,500 | $62,912 | $67,746 |
| Female Median Income | $43,678 | $50,950 | $54,793 |
| Gender Pay Gap | 4.0% | 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 Redan, it is 0.517, 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 4% more than women's income in Redan, Georgia. Over a 35-year career, a 4% wage gap accumulates to roughly $63,770 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Redan, Georgia has widened from about 2% to 4% in 2023. In dollar terms, the gap has widened by $1,179 since 2009.
Employment
| Metric | Redan | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.7% | 5.1% | 5.2% |
| Working from Home | 13.7% | 14.2% | 13.4% |
| Commute time (minutes) | 32 | 23 | 22 |
Approximately 1,500 people are unemployed in Redan, Georgia.
The average commute time in Redan is 32 minutes, longer than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Redan, Georgia has fallen from 17.2% to 8.7% in 2023.
Conclusion
Considering all these factors, Redan, Georgia has an overall wealth index grade of D, making it somewhat worse than Georgia, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Redan, Georgia.
How Rich Is Redan, Georgia?
Redan has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $61,515, about 18% lower than the Georgia average of $74,683.
What is the current median household income in Redan, Georgia?
As of 2023, the median household income in Redan, Georgia is $61,515.
What was the median household income in Redan in 2023?
In 2023, the median household income in Redan, Georgia was $61,515.
What was the median household income in Redan in 2020?
In 2020, the median household income in Redan, Georgia was $53,070.
What is the Gini coefficient in Redan, Georgia?
The Gini coefficient in Redan is 0.517. 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 Redan, Georgia?
Since 2009, the income gap between men and women in Redan, Georgia has widened from about 2% to 4% in 2023. In dollar terms, the gap has widened by $1,179 since 2009.