Wealth Index
Wealthier than 70% 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 | Thomas County | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,202 | $74,683 | $78,145 |
| Median Personal Income | $49,218 | $57,099 | $61,726 |
| Average income growth | 6.5% | 5.5% | 5.1% |
| Six-Figure Earners | 7.2% | 11.7% | 13.2% |
The median household income in Thomas County is about 19% lower than in Georgia. Income has been growing faster in Thomas County (6.5%/yr) than in Georgia (5.5%/yr).
About 7% of adults in Thomas 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 Thomas County, Georgia grew by 65.5% from 2009 to 2023, reaching $60,202 in 2023. That's an average of about 6.5% per year.
Economic Inequality in Thomas County | Gender Pay Gap | Gini Coefficient
| Metric | Thomas County | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.567 | 0.578 | 0.570 |
| Male Median Income | $53,388 | $62,912 | $67,746 |
| Female Median Income | $45,992 | $50,950 | $54,793 |
| Gender Pay Gap | 13.9% | 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 Thomas County, it is 0.567, lower than Georgia's 0.578, so income is more evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 16% more than women's income in Thomas County, Georgia. Over a 35-year career, a 16% wage gap accumulates to roughly $258,860 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Thomas County, Georgia has narrowed from about 25% to 14% in 2023. In dollar terms, the gap has narrowed by $2,503 since 2009.
Employment
| Metric | Thomas County | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.5% | 5.1% | 5.2% |
| Working from Home | 6.7% | 14.2% | 13.4% |
| Commute time (minutes) | 16 | 23 | 22 |
Approximately 1,459 people are unemployed in Thomas County, Georgia.
The average commute time in Thomas County is 16 minutes, shorter than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Thomas County, Georgia has fallen from 12.2% to 6.5% in 2023.
Conclusion
Considering all these factors, Thomas County, Georgia has an overall wealth index grade of D, making it about on par with Georgia, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Thomas County, Georgia.
How Rich Is Thomas County, Georgia?
Thomas 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 $60,202, about 19% lower than the Georgia average of $74,683.
What is the current median household income in Thomas County, Georgia?
As of 2023, the median household income in Thomas County, Georgia is $60,202.
What was the median household income in Thomas County in 2023?
In 2023, the median household income in Thomas County, Georgia was $60,202.
What was the median household income in Thomas County in 2020?
In 2020, the median household income in Thomas County, Georgia was $47,136.
What is the Gini coefficient in Thomas County, Georgia?
The Gini coefficient in Thomas County is 0.567. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Thomas County, Georgia?
Since 2009, the income gap between men and women in Thomas County, Georgia has narrowed from about 25% to 14% in 2023. In dollar terms, the gap has narrowed by $2,503 since 2009.