Wealth Index
Wealthier than 87% 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 | Walton County | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $83,244 | $74,683 | $78,145 |
| Median Personal Income | $57,550 | $57,099 | $61,726 |
| Average income growth | 6.1% | 5.5% | 5.1% |
| Six-Figure Earners | 9.9% | 11.7% | 13.2% |
The median household income in Walton County is about 11% higher than in Georgia. Income has been growing faster in Walton County (6.1%/yr) than in Georgia (5.5%/yr).
About 10% of adults in Walton 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 Walton County, Georgia grew by 60.1% from 2009 to 2023, reaching $83,244 in 2023. That's an average of about 6.1% per year.
Economic Inequality in Walton County | Gender Pay Gap | Gini Coefficient
| Metric | Walton County | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.560 | 0.578 | 0.570 |
| Male Median Income | $62,635 | $62,912 | $67,746 |
| Female Median Income | $50,233 | $50,950 | $54,793 |
| Gender Pay Gap | 19.8% | 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 Walton County, it is 0.560, 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 25% more than women's income in Walton County, Georgia. Over a 35-year career, a 25% wage gap accumulates to roughly $434,070 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Walton County, Georgia has narrowed from about 30% to 20% in 2023. In dollar terms, the gap has narrowed by $1,724 since 2009.
Employment
| Metric | Walton County | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 5.1% | 5.2% |
| Working from Home | 12.1% | 14.2% | 13.4% |
| Commute time (minutes) | 31 | 23 | 22 |
Approximately 2,719 people are unemployed in Walton County, Georgia.
The average commute time in Walton County is 31 minutes, longer than the 23 minutes in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Walton County, Georgia has fallen from 9.1% to 5.4% in 2023.
Conclusion
Considering all these factors, Walton County, Georgia has an overall wealth index grade of C, making it somewhat better than Georgia, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Walton County, Georgia.
How Rich Is Walton County, Georgia?
Walton County 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 $83,244, about 11% higher than the Georgia average of $74,683.
What is the current median household income in Walton County, Georgia?
As of 2023, the median household income in Walton County, Georgia is $83,244.
What was the median household income in Walton County in 2023?
In 2023, the median household income in Walton County, Georgia was $83,244.
What was the median household income in Walton County in 2020?
In 2020, the median household income in Walton County, Georgia was $65,094.
What is the Gini coefficient in Walton County, Georgia?
The Gini coefficient in Walton County is 0.560. 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 Walton County, Georgia?
Since 2009, the income gap between men and women in Walton County, Georgia has narrowed from about 30% to 20% in 2023. In dollar terms, the gap has narrowed by $1,724 since 2009.