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 | Union City | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,727 | $74,683 | $78,145 |
| Median Personal Income | $46,354 | $57,099 | $61,726 |
| Average income growth | 5.3% | 5.5% | 5.1% |
| Six-Figure Earners | 7.2% | 11.7% | 13.2% |
The median household income in Union City is about 20% lower than in Georgia. Income has been growing slower in Union City (5.3%/yr) than in Georgia (5.5%/yr).
About 7% of adults in Union City 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 Union City, Georgia grew by 29.8% from 2009 to 2023, reaching $59,727 in 2023. That's an average of about 5.3% per year.
Economic Inequality in Union City | Gender Pay Gap | Gini Coefficient
| Metric | Union City | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.488 | 0.578 | 0.570 |
| Male Median Income | $48,207 | $62,912 | $67,746 |
| Female Median Income | $44,655 | $50,950 | $54,793 |
| Gender Pay Gap | 7.4% | 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 Union City, it is 0.488, 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 8% more than women's income in Union City, Georgia. Over a 35-year career, a 8% wage gap accumulates to roughly $124,320 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Union City, Georgia has stayed about the same since 2009, at around 7%. In dollar terms, the gap has widened by $776 since 2009.
Employment
| Metric | Union City | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 5.1% | 5.2% |
| Working from Home | 14.1% | 14.2% | 13.4% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 736 people are unemployed in Union City, Georgia.
The average commute time in Union City is 30 minutes, longer than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Union City, Georgia has fallen from 13.6% to 4.4% in 2023.
Conclusion
Considering all these factors, Union City, Georgia has an overall wealth index grade of C, making it about on par with Georgia, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Union City, Georgia.
How Wealthy Is Union City, Georgia?
Union City has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $59,727, about 20% lower than the Georgia average of $74,683.
What is the current median household income in Union City, Georgia?
As of 2023, the median household income in Union City, Georgia is $59,727.
What was the median household income in Union City in 2023?
In 2023, the median household income in Union City, Georgia was $59,727.
What was the median household income in Union City in 2020?
In 2020, the median household income in Union City, Georgia was $47,160.
What is the Gini coefficient in Union City, Georgia?
The Gini coefficient in Union City is 0.488. 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 Union City, Georgia?
The income gap between men and women in Union City, Georgia has stayed about the same since 2009, at around 7%. In dollar terms, the gap has widened by $776 since 2009.