Wealth Index
Less wealthy than 85% 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 | Terrell County | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $43,789 | $74,683 | $78,145 |
| Median Personal Income | $43,425 | $57,099 | $61,726 |
| Average income growth | 5.5% | 5.5% | 5.1% |
| Six-Figure Earners | 4.2% | 11.7% | 13.2% |
The median household income in Terrell County is about 41% lower than in Georgia. Income has been growing slower in Terrell County (5.5%/yr) than in Georgia (5.5%/yr).
About 4% of adults in Terrell 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 Terrell County, Georgia grew by 65.2% from 2009 to 2023, reaching $43,789 in 2023. That's an average of about 5.5% per year.
Economic Inequality in Terrell County | Gender Pay Gap | Gini Coefficient
| Metric | Terrell County | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.581 | 0.578 | 0.570 |
| Male Median Income | $52,471 | $62,912 | $67,746 |
| Female Median Income | $34,433 | $50,950 | $54,793 |
| Gender Pay Gap | 34.4% | 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 Terrell County, it is 0.581, about the same as Georgia's 0.578, so income here is about as evenly distributed as there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 52% more than women's income in Terrell County, Georgia. Over a 35-year career, a 52% wage gap accumulates to roughly $631,330 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Terrell County, Georgia has widened from about 30% to 34% in 2023. In dollar terms, the gap has widened by $6,667 since 2009.
Employment
| Metric | Terrell County | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.1% | 5.1% | 5.2% |
| Working from Home | 10.6% | 14.2% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 281 people are unemployed in Terrell County, Georgia.
The average commute time in Terrell County is 23 minutes, about the same as in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Terrell County, Georgia has fallen from 15.7% to 8.1% in 2023.
Conclusion
Considering all these factors, Terrell 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 Terrell County, Georgia.
How Rich Is Terrell County, Georgia?
Terrell 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 $43,789, about 41% lower than the Georgia average of $74,683.
What is the current median household income in Terrell County, Georgia?
As of 2023, the median household income in Terrell County, Georgia is $43,789.
What was the median household income in Terrell County in 2023?
In 2023, the median household income in Terrell County, Georgia was $43,789.
What was the median household income in Terrell County in 2020?
In 2020, the median household income in Terrell County, Georgia was $35,274.
What is the Gini coefficient in Terrell County, Georgia?
The Gini coefficient in Terrell County is 0.581. 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 Terrell County, Georgia?
Since 2009, the income gap between men and women in Terrell County, Georgia has widened from about 30% to 34% in 2023. In dollar terms, the gap has widened by $6,667 since 2009.