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 | Sugar Hill | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $110,049 | $74,683 | $78,145 |
| Median Personal Income | $69,773 | $57,099 | $61,726 |
| Average income growth | 4.6% | 5.5% | 5.1% |
| Six-Figure Earners | 18.8% | 11.7% | 13.2% |
The median household income in Sugar Hill is about 47% higher than in Georgia. Income has been growing slower in Sugar Hill (4.6%/yr) than in Georgia (5.5%/yr).
About 19% of adults in Sugar Hill 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 Sugar Hill, Georgia grew by 35.5% from 2009 to 2023, reaching $110,049 in 2023. That's an average of about 4.6% per year.
Economic Inequality in Sugar Hill | Gender Pay Gap | Gini Coefficient
| Metric | Sugar Hill | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.586 | 0.578 | 0.570 |
| Male Median Income | $89,045 | $62,912 | $67,746 |
| Female Median Income | $57,518 | $50,950 | $54,793 |
| Gender Pay Gap | 35.4% | 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 Sugar Hill, it is 0.586, higher than Georgia's 0.578, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 55% more than women's income in Sugar Hill, Georgia. Over a 35-year career, a 55% wage gap accumulates to roughly $1,103,445 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Sugar Hill, Georgia has widened from about 31% to 35% in 2023. In dollar terms, the gap has widened by $12,167 since 2009.
Employment
| Metric | Sugar Hill | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.1% | 5.1% | 5.2% |
| Working from Home | 21.7% | 14.2% | 13.4% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 337 people are unemployed in Sugar Hill, Georgia.
The average commute time in Sugar Hill is 30 minutes, longer than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Sugar Hill, Georgia has fallen from 7.2% to 3.1% in 2023.
Conclusion
Considering all these factors, Sugar Hill, Georgia has an overall wealth index grade of B, making it somewhat better than Georgia, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Sugar Hill, Georgia.
How Rich Is Sugar Hill, Georgia?
Sugar Hill has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $110,049, about 47% higher than the Georgia average of $74,683.
What is the current median household income in Sugar Hill, Georgia?
As of 2023, the median household income in Sugar Hill, Georgia is $110,049.
What was the median household income in Sugar Hill in 2023?
In 2023, the median household income in Sugar Hill, Georgia was $110,049.
What was the median household income in Sugar Hill in 2020?
In 2020, the median household income in Sugar Hill, Georgia was $92,950.
What is the Gini coefficient in Sugar Hill, Georgia?
The Gini coefficient in Sugar Hill is 0.586. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Sugar Hill, Georgia?
Since 2009, the income gap between men and women in Sugar Hill, Georgia has widened from about 31% to 35% in 2023. In dollar terms, the gap has widened by $12,167 since 2009.