Savannah, Georgia Income Statistics
Savannah Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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D
Savannah Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Savannah | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,640 | $77,523 | $80,455 |
| Median Personal Income | $45,312 | $55,999 | $60,758 |
| Average Yearly Income Growth | 5.7% | 5.3% | 4.8% |
| Six-Figure Earners | 7.6% | 12.4% | 13.9% |
| $200k+ Households | 6.1% | 11.9% | 13.2% |
The median household income in Savannah is about 23% lower than in Georgia. Income has been growing faster in Savannah (5.7%/yr) than in Georgia (5.3%/yr).
About 8% of adults in Savannah earn six figures ($100,000 or more) a year, lower than the Georgia average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Savannah, Georgia grew by 71.3% from 2009 to 2024, reaching $59,640 in 2024. That's an average of about 5.7% per year.
Income Inequality and the Gender Pay Gap in Savannah
| Metric | Savannah | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.550 | 0.561 | 0.552 |
| Male Median Income | $51,745 | $65,087 | $69,667 |
| Female Median Income | $45,726 | $53,213 | $56,850 |
| Gender Pay Gap | 11.6% | 18.2% | 18.4% |
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 Savannah, it is 0.550, lower than Georgia's 0.561, so income is more evenly distributed here than there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 13% more than women's income in Savannah, Georgia. Over a 35-year career, a 13% wage gap accumulates to roughly $210,665 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Savannah, Georgia has narrowed from about 24% to 12% in 2024. Over that period the gap was narrowest at 10% in 2023. In dollar terms, the gap has narrowed by $2,857 since 2009.
Employment
| Metric | Savannah | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.0% | 5.1% | 5.2% |
| Working from Home | 11.7% | 15.9% | 15.0% |
| Commute time (minutes) | 18 | 23 | 22 |
Approximately 5,296 people are unemployed in Savannah, Georgia.
The average commute time in Savannah is 18 minutes, shorter than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Savannah, Georgia has fallen from 8.6% to 7.0% in 2024. Over that period the rate peaked at 11.9% in 2013 and fell as low as 6.4% in 2023.
Savannah, GA Wealth Compared With Nearby Cities
How Savannah, GA compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Savannah, GA | 145,402 | $59,640 #2/2 | 5.7%/yr #1/2 | 7.0% #2/2 | 0.550 #2/2 |
| Pooler, GA | 24,713 | $87,023 | 4.0%/yr | 5.4% | 0.498 |
Conclusion
Considering all these factors, Savannah, 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 Savannah, Georgia.
How Rich Is Savannah, Georgia?
Savannah 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 $59,640, about 23% lower than the Georgia average of $77,523.
How fast is household income rising in Savannah, Georgia?
Between 2009 and 2024, the median household income in Savannah, Georgia rose 71%, from $34,816 to $59,640. Over the same years, income here outpaced Georgia as a whole: +71% against +57%.
What was the median household income in Savannah in 2023?
In 2023, the median household income in Savannah, Georgia was $59,272, up 5% from $56,289 in 2022. The Georgia median that year was $74,682.
What was the median household income in Savannah in 2020?
In 2020, the median household income in Savannah, Georgia was $47,889. By 2024 it had risen 25% to $59,640.
Is unemployment high in Savannah, Georgia?
Unemployment in Savannah, Georgia is 7.0%, well above the Georgia rate of 5.1%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Savannah, Georgia?
The Gini coefficient in Savannah is 0.550. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Savannah, Georgia?
Since 2009, the income gap between men and women in Savannah, Georgia has narrowed from about 24% to 12% in 2024. Over that period the gap was narrowest at 10% in 2023. In dollar terms, the gap has narrowed by $2,857 since 2009.
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