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 | Stephens County | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $53,161 | $74,683 | $78,145 |
| Median Personal Income | $44,451 | $57,099 | $61,726 |
| Average income growth | 5.3% | 5.5% | 5.1% |
| Six-Figure Earners | 4.1% | 11.7% | 13.2% |
The median household income in Stephens County is about 29% lower than in Georgia. Income has been growing slower in Stephens County (5.3%/yr) than in Georgia (5.5%/yr).
About 4% of adults in Stephens 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 Stephens County, Georgia grew by 54.6% from 2009 to 2023, reaching $53,161 in 2023. That's an average of about 5.3% per year.
Economic Inequality in Stephens County | Gender Pay Gap | Gini Coefficient
| Metric | Stephens County | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.562 | 0.578 | 0.570 |
| Male Median Income | $50,729 | $62,912 | $67,746 |
| Female Median Income | $38,692 | $50,950 | $54,793 |
| Gender Pay Gap | 23.7% | 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 Stephens County, it is 0.562, 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 31% more than women's income in Stephens County, Georgia. Over a 35-year career, a 31% wage gap accumulates to roughly $421,295 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Stephens County, Georgia has narrowed from about 25% to 24% in 2023. In dollar terms, the gap has widened by $3,031 since 2009.
Employment
| Metric | Stephens County | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.2% | 5.1% | 5.2% |
| Working from Home | 6.4% | 14.2% | 13.4% |
| Commute time (minutes) | 16 | 23 | 22 |
Approximately 620 people are unemployed in Stephens County, Georgia.
The average commute time in Stephens County is 16 minutes, shorter than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Stephens County, Georgia has fallen from 10.7% to 5.2% in 2023.
Conclusion
Considering all these factors, Stephens County, 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 Stephens County, Georgia.
How Rich Is Stephens County, Georgia?
Stephens County 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 $53,161, about 29% lower than the Georgia average of $74,683.
What is the current median household income in Stephens County, Georgia?
As of 2023, the median household income in Stephens County, Georgia is $53,161.
What was the median household income in Stephens County in 2023?
In 2023, the median household income in Stephens County, Georgia was $53,161.
What was the median household income in Stephens County in 2020?
In 2020, the median household income in Stephens County, Georgia was $46,930.
What is the Gini coefficient in Stephens County, Georgia?
The Gini coefficient in Stephens County is 0.562. 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 Stephens County, Georgia?
Since 2009, the income gap between men and women in Stephens County, Georgia has narrowed from about 25% to 24% in 2023. In dollar terms, the gap has widened by $3,031 since 2009.