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 | Wilcox County | Georgia Avg | US Average |
|---|---|---|---|
| Median Household Income | $46,827 | $74,683 | $78,145 |
| Median Personal Income | $45,142 | $57,099 | $61,726 |
| Average income growth | 4.7% | 5.5% | 5.1% |
| Six-Figure Earners | 3.1% | 11.7% | 13.2% |
The median household income in Wilcox County is about 37% lower than in Georgia. Income has been growing slower in Wilcox County (4.7%/yr) than in Georgia (5.5%/yr).
About 3% of adults in Wilcox 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 Wilcox County, Georgia grew by 62.1% from 2009 to 2023, reaching $46,827 in 2023. That's an average of about 4.7% per year.
Economic Inequality in Wilcox County | Gender Pay Gap | Gini Coefficient
| Metric | Wilcox County | Georgia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.666 | 0.578 | 0.570 |
| Male Median Income | $46,933 | $62,912 | $67,746 |
| Female Median Income | $42,293 | $50,950 | $54,793 |
| Gender Pay Gap | 9.9% | 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 Wilcox County, it is 0.666, higher than Georgia's 0.578, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 11% more than women's income in Wilcox County, Georgia. Over a 35-year career, a 11% wage gap accumulates to roughly $162,400 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Wilcox County, Georgia has narrowed from about 16% to 10% in 2023. In dollar terms, the gap has narrowed by $485 since 2009.
Employment
| Metric | Wilcox County | Georgia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.3% | 5.1% | 5.2% |
| Working from Home | 6.6% | 14.2% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 190 people are unemployed in Wilcox County, Georgia.
The average commute time in Wilcox County is 23 minutes, about the same as in Georgia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Wilcox County, Georgia has fallen from 11.9% to 6.3% in 2023.
Conclusion
Considering all these factors, Wilcox County, Georgia has an overall wealth index grade of F, making it worse than Georgia, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Wilcox County, Georgia.
How Rich Is Wilcox County, Georgia?
Wilcox County has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $46,827, about 37% lower than the Georgia average of $74,683.
What is the current median household income in Wilcox County, Georgia?
As of 2023, the median household income in Wilcox County, Georgia is $46,827.
What was the median household income in Wilcox County in 2023?
In 2023, the median household income in Wilcox County, Georgia was $46,827.
What was the median household income in Wilcox County in 2020?
In 2020, the median household income in Wilcox County, Georgia was $39,254.
What is the Gini coefficient in Wilcox County, Georgia?
The Gini coefficient in Wilcox County is 0.666. 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 Wilcox County, Georgia?
Since 2009, the income gap between men and women in Wilcox County, Georgia has narrowed from about 16% to 10% in 2023. In dollar terms, the gap has narrowed by $485 since 2009.