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 | Sandy Springs | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $101,227 | $74,683 | $78,145 |
| Median Personal Income | $85,353 | $57,099 | $61,726 |
| Average income growth | 5.6% | 5.5% | 5.1% |
| Six-Figure Earners | 26.9% | 11.7% | 13.2% |
The median household income in Sandy Springs is about 36% higher than in Georgia. Income has been growing faster in Sandy Springs (5.6%/yr) than in Georgia (5.5%/yr).
About 27% of adults in Sandy Springs 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 Sandy Springs, Georgia grew by 29.6% from 2009 to 2023, reaching $101,227 in 2023. That's an average of about 5.6% per year.
Economic Inequality in Sandy Springs | Gender Pay Gap | Gini Coefficient
| Metric | Sandy Springs | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.531 | 0.578 | 0.570 |
| Male Median Income | $96,067 | $62,912 | $67,746 |
| Female Median Income | $74,093 | $50,950 | $54,793 |
| Gender Pay Gap | 22.9% | 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 Sandy Springs, it is 0.531, 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 30% more than women's income in Sandy Springs, Georgia. Over a 35-year career, a 30% wage gap accumulates to roughly $769,090 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Sandy Springs, Georgia has widened from about 22% to 23% in 2023. In dollar terms, the gap has widened by $7,928 since 2009.
Employment
| Metric | Sandy Springs | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 5.1% | 5.2% |
| Working from Home | 29.2% | 14.2% | 13.4% |
| Commute time (minutes) | 22 | 23 | 22 |
Approximately 2,492 people are unemployed in Sandy Springs, Georgia.
The average commute time in Sandy Springs is 22 minutes, shorter than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Sandy Springs, Georgia has fallen from 5.9% to 3.8% in 2023.
Conclusion
Considering all these factors, Sandy Springs, 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 Sandy Springs, Georgia.
How Rich Is Sandy Springs, Georgia?
Sandy Springs 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 $101,227, about 36% higher than the Georgia average of $74,683.
What is the current median household income in Sandy Springs, Georgia?
As of 2023, the median household income in Sandy Springs, Georgia is $101,227.
What was the median household income in Sandy Springs in 2023?
In 2023, the median household income in Sandy Springs, Georgia was $101,227.
What was the median household income in Sandy Springs in 2020?
In 2020, the median household income in Sandy Springs, Georgia was $83,782.
What is the Gini coefficient in Sandy Springs, Georgia?
The Gini coefficient in Sandy Springs is 0.531. 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 Sandy Springs, Georgia?
Since 2009, the income gap between men and women in Sandy Springs, Georgia has widened from about 22% to 23% in 2023. In dollar terms, the gap has widened by $7,928 since 2009.