Wealth Index
Less wealthy than 71% of states in US
The wealth index reflects the overall economic prosperity and financial well-being of a state's residents based on income levels, employment rates, and income inequality metrics.
Wealthiest and Least Wealthy Counties in Georgia
- Forsyth County (128% of U.S. avg)
- Oconee County (120% of U.S. avg)
- Fayette County (117% of U.S. avg)
- Calhoun County (56% of U.S. avg)
- Stewart County (60% of U.S. avg)
- Hancock County (60% of U.S. avg)
Ranked by the Map AI Wealth Index, which combines income, employment, and income inequality metrics.
Income Statistics Overview
| Metric | Georgia | US Average |
|---|---|---|
| Median Household Income | $74,683 | $78,145 |
| Median Personal Income | $57,099 | $61,726 |
| Average income growth | 5.5% | 5.1% |
| Six-Figure Earners | 11.7% | 13.2% |
The median household income in Georgia is about 4% lower than in US. Income has been growing faster in Georgia (5.5%/yr) than in US (5.1%/yr).
About 12% of adults in Georgia earn six figures ($100,000 or more) a year, lower than the US average of 13%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Georgia grew by 51.0% from 2009 to 2023, reaching $74,683 in 2023. That's an average of about 5.5% per year.
Economic Inequality in Georgia | Gender Pay Gap | Gini Coefficient
| Metric | Georgia | US Average |
|---|---|---|
| Gini Coefficient | 0.578 | 0.570 |
| Male Median Income | $62,912 | $67,746 |
| Female Median Income | $50,950 | $54,793 |
| Gender Pay Gap | 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 Georgia, it is 0.578, higher than US's 0.570, so income is less evenly distributed here than there.
Men's income is about 23% more than women's income in Georgia. Over a 35-year career, a 23% wage gap accumulates to roughly $418,670 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Georgia has narrowed from about 21% to 19% in 2023. In dollar terms, the gap has widened by $2,672 since 2009.
Employment
| Metric | Georgia | US Average |
|---|---|---|
| Unemployment Rate | 5.1% | 5.2% |
| Working from Home | 14.2% | 13.4% |
| Commute time (minutes) | 23 | 22 |
Approximately 276,941 people are unemployed in Georgia.
The average commute time in Georgia is 23 minutes, longer than the 22 minutes in US.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Georgia has fallen from 9.7% to 5.1% in 2023.
Conclusion
Considering all these factors, Georgia has an overall wealth index grade of C, making it about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Georgia.
How Rich Is Georgia?
Georgia 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 $74,683, about 4% lower than the US average of $78,145.
What is the current median household income in Georgia?
As of 2023, the median household income in Georgia is $74,683.
What was the median household income in Georgia in 2023?
In 2023, the median household income in Georgia was $74,683.
What was the median household income in Georgia in 2020?
In 2020, the median household income in Georgia was $61,405.
What is the Gini coefficient in Georgia?
The Gini coefficient in Georgia is 0.578. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Georgia?
Since 2009, the income gap between men and women in Georgia has narrowed from about 21% to 19% in 2023. In dollar terms, the gap has widened by $2,672 since 2009.