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 | Walker County | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $56,366 | $74,683 | $78,145 |
| Median Personal Income | $47,715 | $57,099 | $61,726 |
| Average income growth | 4.6% | 5.5% | 5.1% |
| Six-Figure Earners | 5.3% | 11.7% | 13.2% |
The median household income in Walker County is about 25% lower than in Georgia. Income has been growing slower in Walker County (4.6%/yr) than in Georgia (5.5%/yr).
About 5% of adults in Walker 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 Walker County, Georgia grew by 45.4% from 2009 to 2023, reaching $56,366 in 2023. That's an average of about 4.6% per year.
Economic Inequality in Walker County | Gender Pay Gap | Gini Coefficient
| Metric | Walker County | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.544 | 0.578 | 0.570 |
| Male Median Income | $49,786 | $62,912 | $67,746 |
| Female Median Income | $43,769 | $50,950 | $54,793 |
| Gender Pay Gap | 12.1% | 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 Walker County, it is 0.544, 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 14% more than women's income in Walker County, Georgia. Over a 35-year career, a 14% wage gap accumulates to roughly $210,595 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Walker County, Georgia has narrowed from about 22% to 12% in 2023. In dollar terms, the gap has narrowed by $2,651 since 2009.
Employment
| Metric | Walker County | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.0% | 5.1% | 5.2% |
| Working from Home | 10.2% | 14.2% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 1,623 people are unemployed in Walker County, Georgia.
The average commute time in Walker County is 23 minutes, about the same as in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Walker County, Georgia has fallen from 12.3% to 5.0% in 2023.
Conclusion
Considering all these factors, Walker 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 Walker County, Georgia.
How Rich Is Walker County, Georgia?
Walker 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 $56,366, about 25% lower than the Georgia average of $74,683.
What is the current median household income in Walker County, Georgia?
As of 2023, the median household income in Walker County, Georgia is $56,366.
What was the median household income in Walker County in 2023?
In 2023, the median household income in Walker County, Georgia was $56,366.
What was the median household income in Walker County in 2020?
In 2020, the median household income in Walker County, Georgia was $47,131.
What is the Gini coefficient in Walker County, Georgia?
The Gini coefficient in Walker County is 0.544. 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 Walker County, Georgia?
Since 2009, the income gap between men and women in Walker County, Georgia has narrowed from about 22% to 12% in 2023. In dollar terms, the gap has narrowed by $2,651 since 2009.