All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates
TABLE OF CONTENTS
Gender
In Fayette County, the population consists of 57,493 males (48.79%) and 60,335 females (51.21%). Here are the primary highlights from the gender-based income distribution analysis:
- In Fayette County, the median income for all workers aged 15 years and older, regardless of work hours, was $58,566 for males and $38,194 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $84,466 for males and $74,606 for females.
- In Fayette County, the median income for all workers aged 15 years and older, regardless of work hours, was $58,566 for males and $38,194 for females.
- In Fayette County, among full-time, year-round workers aged 15 years and older, males earned a median income of $84,466, while females earned $74,606, resulting in a 12% gender pay gap among full-time workers. This illustrates that women earn 88 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the county of Fayette County.
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Race
In Fayette County, the population is predominantly White, constituting 62.87% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for White households is $111,671.
- In Fayette County, White is both the largest group and the one with the highest median household income, which stands at $111,671.
- In Fayette County, the median household income for the households where the householder is White increased by $9,620(9.43%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $102,051 in 2012 and $111,671 in 2022.
- In Fayette County, the median household income for the households where the householder is Black or African American increased by $4,147(4.06%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $102,095 in 2012 and $106,242 in 2022.
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Year by year
Fayette County, GA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Fayette County decreased by $7,074 (6.38%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 2,757 (from $103,506 to $106,263). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 4,367 (from $110,932 to $106,565).
- It then further increased to $250,001 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4088, it is evident that income distribution in Fayette County, GA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $122,104. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $42,299.
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References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)