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 | Troup County | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $55,941 | $74,683 | $78,145 |
| Median Personal Income | $48,689 | $57,099 | $61,726 |
| Average income growth | 4.0% | 5.5% | 5.1% |
| Six-Figure Earners | 6.4% | 11.7% | 13.2% |
The median household income in Troup County is about 25% lower than in Georgia. Income has been growing slower in Troup County (4.0%/yr) than in Georgia (5.5%/yr).
About 6% of adults in Troup 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 Troup County, Georgia grew by 40.5% from 2009 to 2023, reaching $55,941 in 2023. That's an average of about 4.0% per year.
Economic Inequality in Troup County | Gender Pay Gap | Gini Coefficient
| Metric | Troup County | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.571 | 0.578 | 0.570 |
| Male Median Income | $57,674 | $62,912 | $67,746 |
| Female Median Income | $43,623 | $50,950 | $54,793 |
| Gender Pay Gap | 24.4% | 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 Troup 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 32% more than women's income in Troup County, Georgia. Over a 35-year career, a 32% wage gap accumulates to roughly $491,785 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Troup County, Georgia has stayed about the same since 2009, at around 24%. In dollar terms, the gap has widened by $4,753 since 2009.
Employment
| Metric | Troup County | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.5% | 5.1% | 5.2% |
| Working from Home | 6.7% | 14.2% | 13.4% |
| Commute time (minutes) | 18 | 23 | 22 |
Approximately 1,830 people are unemployed in Troup County, Georgia.
The average commute time in Troup County is 18 minutes, shorter than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Troup County, Georgia has fallen from 12.0% to 5.5% in 2023.
Conclusion
Considering all these factors, Troup 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 Troup County, Georgia.
How Rich Is Troup County, Georgia?
Troup 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 $55,941, about 25% lower than the Georgia average of $74,683.
What is the current median household income in Troup County, Georgia?
As of 2023, the median household income in Troup County, Georgia is $55,941.
What was the median household income in Troup County in 2023?
In 2023, the median household income in Troup County, Georgia was $55,941.
What was the median household income in Troup County in 2020?
In 2020, the median household income in Troup County, Georgia was $47,700.
What is the Gini coefficient in Troup County, Georgia?
The Gini coefficient in Troup 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 Troup County, Georgia?
The income gap between men and women in Troup County, Georgia has stayed about the same since 2009, at around 24%. In dollar terms, the gap has widened by $4,753 since 2009.