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 | South Fulton | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $79,614 | $74,683 | $78,145 |
| Median Personal Income | $56,476 | $57,099 | $61,726 |
| Average income growth | 6.4% | 5.5% | 5.1% |
| Six-Figure Earners | 11.5% | 11.7% | 13.2% |
The median household income in South Fulton is about 7% higher than in Georgia. Income has been growing faster in South Fulton (6.4%/yr) than in Georgia (5.5%/yr).
About 12% of adults in South Fulton earn six figures ($100,000 or more) a year, about the same as the Georgia average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in South Fulton, Georgia grew by 46.6% from 2009 to 2023, reaching $79,614 in 2023. That's an average of about 6.4% per year.
Economic Inequality in South Fulton | Gender Pay Gap | Gini Coefficient
| Metric | South Fulton | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.535 | 0.578 | 0.570 |
| Male Median Income | $59,865 | $62,912 | $67,746 |
| Female Median Income | $53,585 | $50,950 | $54,793 |
| Gender Pay Gap | 10.5% | 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 South Fulton, it is 0.535, 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 12% more than women's income in South Fulton, Georgia. Over a 35-year career, a 12% wage gap accumulates to roughly $219,800 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in South Fulton, Georgia has stayed about the same since 2009, at around 10%. In dollar terms, the gap has widened by $1,783 since 2009.
Employment
| Metric | South Fulton | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.4% | 5.1% | 5.2% |
| Working from Home | 16.7% | 14.2% | 13.4% |
| Commute time (minutes) | 31 | 23 | 22 |
Approximately 3,948 people are unemployed in South Fulton, Georgia.
The average commute time in South Fulton is 31 minutes, longer than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in South Fulton, Georgia has fallen from 13.3% to 7.4% in 2023.
Conclusion
Considering all these factors, South Fulton, Georgia has an overall wealth index grade of C, making it somewhat better than Georgia, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in South Fulton, Georgia.
How Rich Is South Fulton, Georgia?
South Fulton has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $79,614, about 7% higher than the Georgia average of $74,683.
What is the current median household income in South Fulton, Georgia?
As of 2023, the median household income in South Fulton, Georgia is $79,614.
What was the median household income in South Fulton in 2023?
In 2023, the median household income in South Fulton, Georgia was $79,614.
What was the median household income in South Fulton in 2020?
In 2020, the median household income in South Fulton, Georgia was $64,186.
What is the Gini coefficient in South Fulton, Georgia?
The Gini coefficient in South Fulton is 0.535. 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 South Fulton, Georgia?
The income gap between men and women in South Fulton, Georgia has stayed about the same since 2009, at around 10%. In dollar terms, the gap has widened by $1,783 since 2009.