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 | Toombs County | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $53,825 | $74,683 | $78,145 |
| Median Personal Income | $47,790 | $57,099 | $61,726 |
| Average income growth | 7.2% | 5.5% | 5.1% |
| Six-Figure Earners | 6.4% | 11.7% | 13.2% |
The median household income in Toombs County is about 28% lower than in Georgia. Income has been growing faster in Toombs County (7.2%/yr) than in Georgia (5.5%/yr).
About 6% of adults in Toombs 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 Toombs County, Georgia grew by 77.7% from 2009 to 2023, reaching $53,825 in 2023. That's an average of about 7.2% per year.
Economic Inequality in Toombs County | Gender Pay Gap | Gini Coefficient
| Metric | Toombs County | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.571 | 0.578 | 0.570 |
| Male Median Income | $49,969 | $62,912 | $67,746 |
| Female Median Income | $45,513 | $50,950 | $54,793 |
| Gender Pay Gap | 8.9% | 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 Toombs County, it is 0.571, 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 10% more than women's income in Toombs County, Georgia. Over a 35-year career, a 10% wage gap accumulates to roughly $155,960 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Toombs County, Georgia has narrowed from about 17% to 9% in 2023. In dollar terms, the gap has narrowed by $1,343 since 2009.
Employment
| Metric | Toombs County | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.9% | 5.1% | 5.2% |
| Working from Home | 4.6% | 14.2% | 13.4% |
| Commute time (minutes) | 16 | 23 | 22 |
Approximately 458 people are unemployed in Toombs County, Georgia.
The average commute time in Toombs County is 16 minutes, shorter than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Toombs County, Georgia has fallen from 6.1% to 3.9% in 2023.
Conclusion
Considering all these factors, Toombs 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 Toombs County, Georgia.
How Rich Is Toombs County, Georgia?
Toombs 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 $53,825, about 28% lower than the Georgia average of $74,683.
What is the current median household income in Toombs County, Georgia?
As of 2023, the median household income in Toombs County, Georgia is $53,825.
What was the median household income in Toombs County in 2023?
In 2023, the median household income in Toombs County, Georgia was $53,825.
What was the median household income in Toombs County in 2020?
In 2020, the median household income in Toombs County, Georgia was $41,661.
What is the Gini coefficient in Toombs County, Georgia?
The Gini coefficient in Toombs County is 0.571. 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 Toombs County, Georgia?
Since 2009, the income gap between men and women in Toombs County, Georgia has narrowed from about 17% to 9% in 2023. In dollar terms, the gap has narrowed by $1,343 since 2009.