Hancock County, Georgia
Income Data
At a Glance
How Hancock County Compares
Detailed Income Statistics
Data Story
About Household Income in Hancock County, Georgia
Hancock faces significant income gap
Hancock County's median household income of $33,182 falls dramatically 56% below the national median of $74,755, making it one of Georgia's lowest-earning counties. This substantial gap signals limited economic opportunity locally.
Lowest income tier in Georgia
Hancock's median income of $33,182 ranks far below Georgia's state average of $60,488, a $27,306 gap that reflects systemic economic challenges. The county ranks among the poorest in the state by household income.
Significant disadvantage versus region
Hancock's $33,182 trails all nearby counties, including Grady ($54,312) and Habersham ($65,622), indicating localized economic weakness. The income gap suggests limited job diversity and wage growth opportunities.
Housing costs strain household budgets
Hancock's 24.3% rent-to-income ratio approaches the affordability threshold, meaning renters struggle to balance housing against other necessities. Median home values of $87,400 are among Georgia's lowest, reflecting limited wealth accumulation.
Prioritize financial stability first
Hancock County households should focus on building emergency savings and accessing financial literacy resources before pursuing investment strategies. Seeking career development opportunities, education, or relocation may accelerate long-term wealth potential.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Hancock County median
County median: $33,182 per year
vs. County Median
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vs. State Average
-45%
vs. National Median
-56%
Income Adequacy
Your monthly income ($2,765) vs. median rent ($671/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.