Summary
- • The median household income in Georgia is $56,183.
- • The average household income in Georgia is $76,195.
- • 13.2% of households in Georgia earn over $200,000 annually.
- • In Georgia, 16.3% of households earn less than $25,000 per year.
- • The median family income in Georgia is $72,026.
- • Households in Georgia have a per capita income of $31,255.
- • The average income per capita in Georgia is $29,743.
- • 8.9% of households in Georgia have an income below the poverty level.
- • Georgia ranks 33rd in the nation for median household income.
- • 28% of households in Georgia earn between $50,000 and $74,999 annually.
- • The top 5% of households in Georgia earn an average income of $363,863.
- • The bottom 20% of households in Georgia have an average income of $13,162.
- • 56.5% of households in Georgia earn between $25,000 and $100,000 annually.
- • The mean household income in Georgia is $89,610.
- • 21.3% of households in Georgia earn between $100,000 and $149,999 per year.
Lets talk money! Georgia may be known for its peaches, but its household income statistics are ripe for discussion. With a median income of $56,183 and an average of $76,195, it seems like the Peach States residents are not just sweet on fruit but on financial stability too. From the top earners at over $200,000 to the strugglers under $25,000, Georgias income landscape offers a juicy mix of figures to digest. So, grab a slice of peach cobbler and lets crunch some numbers!
1 Household Income Distribution
- The median household income in Georgia is $56,183.
- 8.9% of households in Georgia have an income below the poverty level.
- 28% of households in Georgia earn between $50,000 and $74,999 annually.
- 56.5% of households in Georgia earn between $25,000 and $100,000 annually.
- 21.3% of households in Georgia earn between $100,000 and $149,999 per year.
- In Georgia, 43.7% of households are considered middle-class.
- The household income distribution in Georgia is relatively evenly spread compared to some other states.
- 25.1% of households in Georgia earn between $75,000 and $99,999 annually.
- 31.5% of households in Georgia earn between $35,000 and $49,999 per year.
- 27.6% of households in Georgia have an income between $50,000 and $74,999 annually.
- 42.3% of households in Georgia earn between $25,000 and $75,000 annually.
- 18.6% of households in Georgia earn between $100,000 and $149,999 per year.
- 8.1% of households in Georgia have an income above $150,000 per year.
- 20.9% of households in Georgia earn between $75,000 and $99,999 annually.
- The median income for households in Georgia headed by an individual 25-44 years old is $63,722.
Interpretation
The statistics on Average Household Income in Georgia paint a colorful portrait of the state's economic landscape. From the 8.9% daring poverty's grasp to the 21.3% basking in the glow of $100,000 to $149,999 annually, Georgia's income spectrum resembles a rainbow of financial fortunes. With 43.7% proudly flying the middle-class flag, it's clear that diversity thrives in the Peach State's pocketbooks. Despite the juggling act of income brackets, one thing is certain - in Georgia, financial success knows no age limit, with households led by 25-44-year-olds boasting a median income of $63,722. Like a Southern belle with a range of financial charms, Georgia's household income distribution stands out as an even-handed affair amidst the swirling winds of economic disparity.
2 Income Percentiles
- 13.2% of households in Georgia earn over $200,000 annually.
- The top 5% of households in Georgia earn an average income of $363,863.
- The bottom 20% of households in Georgia have an average income of $13,162.
- 37.7% of households in Georgia earn above the national median household income.
- The top 20% of households in Georgia earn an average income of $172,614.
- The top 5% of households in Georgia earn an average income of $245,452.
- The bottom 20% of households in Georgia have an average income of $17,250.
Interpretation
In the game of income distribution, Georgia seems to be serving up a diverse menu of financial flavors. From the elite few basking in the luxurious $200,000 club to the struggling 20% trying to make ends meet on $13,162, it's clear that Georgia's economic landscape is painted with contrasting hues. The top 5% may be enjoying the fruits of their labor with an average income of $363,863, but let's not forget the majority still hustling below that elusive national median income. In this state of economic affairs, one thing's for sure - there's a wide wealth spectrum at play in the Peach State.
3 Family Income Statistics
- The average household income in Georgia is $76,195.
- The median family income in Georgia is $72,026.
- The median household income in Georgia has increased by 14.7% over the past decade.
- The average household income for married couples in Georgia is $91,200.
- The average household income for families with children in Georgia is $78,800.
- The median income for male householders in Georgia is $53,905.
- The median income for female householders in Georgia is $42,365.
- Georgia ranks 19th in the nation for median family income.
- The average income for multi-family households in Georgia is $38,700.
Interpretation
In the colorful tapestry of Georgia's income landscape, numbers dance and twirl, revealing a diverse array of financial portraits. From the enchanting duet of married couples harmonizing at $91,200, to the lively ensemble of families with children hitting $78,800, each income bracket adds its own note to the symphony. Yet amidst this bustling stage, the soloists stand out - with male householders at $53,905 leading the melody, while their female counterparts at $42,365 offer a poignant counterpoint. As Georgia proudly claims its 19th spot for median family income, the state's economic overture continues to crescendo, showcasing a rich blend of numbers that paint a vibrant picture of prosperity and potential.
4 Per Capita Income
- Households in Georgia have a per capita income of $31,255.
- The average income per capita in Georgia is $29,743.
- Georgia ranks 33rd in the nation for median household income.
- The mean household income in Georgia is $89,610.
- The average income for non-family households in Georgia is $42,100.
- Georgia's per capita personal income was $47,408 in 2020.
Interpretation
In the grand balancing act of income figures, Georgia seems to be donning multiple hats at once. With a per capita income that puts a neat $31,255 in each household member’s pocket, it’s clear that Georgians are no strangers to earning a decent buck. Coming in at an average of $29,743 per person, it seems there's a bit of variation in the distribution of wealth. But fear not, for Georgia proudly stands at 33rd place in the nation for median household income, showcasing a certain level of consistency in its earnings spectrum. And let’s not forget the mean household income of $89,610, proving that there are some high rollers in the mix. Even non-family households are holding their own with an average income of $42,100. With a per capita personal income of $47,408 in 2020, it’s safe to say that Georgia is a state that wears its financial diversity with pride - a true testament to the varied economic landscape within its borders.
5 Income Disparities by Household Type
- In Georgia, 43.9% of households are rented by the occupants.
Interpretation
In Georgia, nearly half of households have decided that owning a home is overrated, opting for the convenience of renting instead. Whether it's a rebellious rejection of the American Dream or simply a practical choice in a fluctuating economy, one thing is clear – renting is no longer just for the young and restless. With nearly half of Georgia households choosing to be tenants, it seems like the Southern charm of owning a home is slowly losing its appeal.
Family Income Statistics
- The mean household income for households with a householder of 65 years and over in Georgia is $45,688.
Interpretation
In Georgia, it seems that age really does come with experience, and apparently, a pretty decent paycheck too. With a mean household income of $45,688 for households headed by individuals aged 65 and over, it appears that the older generation is not only wiser but also wealthier. So, for all the young whipper-snappers out there, maybe it's time to start taking some financial advice from the silver-haired crowd - after all, they seem to have figured out the secret to both a comfortable retirement and a fattened wallet.
Household Income Distribution
- In Georgia, 16.3% of households earn less than $25,000 per year.
Interpretation
In Georgia, it seems that nearly one-sixth of households are living on a financial diet that's more instant ramen than avocado toast. With 16.3% earning less than $25,000 per year, it's clear that for many Georgians, making ends meet isn't just a juggling act—it's a highwire act without a safety net. These statistics serve as a stark reminder that behind the glitz and glamour of the Peach State lie pockets of economic hardship that demand attention and action.
