Study: Johns Creek Named Richest City in Georgia

JOHNS CREEK, GA — With a median household income of $151,773, 24/7 Wall St. has named Johns Creek as the richest city in Georgia.

The website said the typical household of Johns Creek earns an income of more than $150,000, more than double the median household income for the state of Georgia.

"At $437,200, houses in this suburb northeast of Atlanta are also more than twice as expensive as houses statewide," 24/7 Wall St. said. "Workers with a college degree typically earn higher wages than those without. In Johns Creek, nearly seven out of 10 residents 25 and older hold at least a bachelor’s degree, more than double the state and national bachelor’s degree attainment rates."

Other facts included:

  • Median household income: $151,773 (state: $61,980)

  • Households earning more than $200,000: 30.8 percent (state: 7.3 percent)

  • Median home value: $437,200 (state: $202,500)

  • Adults with a bachelor’s degree: 69.6 percent (state: 32.5 percent)

  • 2019 unemployment rate: N/A (state: 4.8 percent)

  • Population: 84,590

The website used data from the Census Bureau’s 2019 American Community Survey and then identified America’s richest city in every state. It considered all 621 U.S. cities, towns, villages, municipalities, and Census designated places with available data.

Vermont, West Virginia, and Wyoming have no cities covered in the latest Census release and were excluded from the analysis.

"Many of the cities on this list are located within commuting distance of much larger cities and the wider variety of high-paying jobs available there," 24/7 Wall St. said. "Another common characteristic in these cities is education. Areas with higher levels of educational attainment tend to have higher incomes, as workers with college degrees are more likely to have high-paying, secure jobs. Nationwide, the typical college-educated worker earns $56,344 a year, well above the median earnings of $41,801 for all workers. Often, the wealthiest city in a given state is also the most educated.

"The cities on this list also tend to have lower than average annual unemployment rates. However, the economic situation in each of these cities looks very different today than in 2019, when the data was collected, due in large part to the COVID-19 pandemic. The monthly unemployment rate for August 2020 is often more than double what it was a year earlier. With fewer people working, median household incomes have likely decreased as well."

This is the most educated city in every state.

This article originally appeared on the Johns Creek Patch