Wealth Index
Less wealthy than 90% of counties in Georgia
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 | Taliaferro County | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $49,225 | $74,683 | $78,145 |
| Median Personal Income | $40,741 | $57,099 | $61,726 |
| Average income growth | 8.1% | 5.5% | 5.1% |
| Six-Figure Earners | 2.4% | 11.7% | 13.2% |
The median household income in Taliaferro County is about 34% lower than in Georgia. Income has been growing faster in Taliaferro County (8.1%/yr) than in Georgia (5.5%/yr).
About 2% of adults in Taliaferro 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 Taliaferro County, Georgia grew by 134.0% from 2009 to 2023, reaching $49,225 in 2023. That's an average of about 8.1% per year.
Economic Inequality in Taliaferro County | Gender Pay Gap | Gini Coefficient
| Metric | Taliaferro County | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.534 | 0.578 | 0.570 |
| Male Median Income | $41,590 | $62,912 | $67,746 |
| Female Median Income | $39,564 | $50,950 | $54,793 |
| Gender Pay Gap | 4.9% | 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 Taliaferro County, it is 0.534, 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 5% more than women's income in Taliaferro County, Georgia. Over a 35-year career, a 5% wage gap accumulates to roughly $70,910 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Taliaferro County, Georgia has narrowed from about 42% to 5% in 2023. In dollar terms, the gap has narrowed by $10,246 since 2009.
Employment
| Metric | Taliaferro County | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.6% | 5.1% | 5.2% |
| Working from Home | 12.4% | 14.2% | 13.4% |
| Commute time (minutes) | 28 | 23 | 22 |
Approximately 33 people are unemployed in Taliaferro County, Georgia.
The average commute time in Taliaferro County is 28 minutes, longer than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Taliaferro County, Georgia has fallen from 14.6% to 4.6% in 2023.
Conclusion
Considering all these factors, Taliaferro 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 Taliaferro County, Georgia.
How Rich Is Taliaferro County, Georgia?
Taliaferro 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 $49,225, about 34% lower than the Georgia average of $74,683.
What is the current median household income in Taliaferro County, Georgia?
As of 2023, the median household income in Taliaferro County, Georgia is $49,225.
What was the median household income in Taliaferro County in 2023?
In 2023, the median household income in Taliaferro County, Georgia was $49,225.
What was the median household income in Taliaferro County in 2020?
In 2020, the median household income in Taliaferro County, Georgia was $38,090.
What is the Gini coefficient in Taliaferro County, Georgia?
The Gini coefficient in Taliaferro County is 0.534. 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 Taliaferro County, Georgia?
Since 2009, the income gap between men and women in Taliaferro County, Georgia has narrowed from about 42% to 5% in 2023. In dollar terms, the gap has narrowed by $10,246 since 2009.