FORSYTH COUNTY, Ga. — Forsyth County is the richest of county in Georgia, according to a new study by a financial news and opinion website.
The website, 24/7, created a weighted index of 26 factors and divided them into four categories — affordability, economy, quality of life and community — in order to determine each state’s best city in which to live.
Forsyth County’s median household income is nearly double the statewide average, making it the richest county in the state, according to the report. Forsyth County flaunts a median household income of $101,743, as compared to the Peach State’s overall average of $55,679.
Forsyth’s unemployment rate fell below the state’s average, and its high percentage of adult residents with a bachelor’s degree put it at the top of the list of wealthiest counties in rankings according to the study.
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To determine the richest county in each state, the site looked at annual household income in more than 2,000 counties nationwide using five-year estimates from the U.S. Census Bureau.
The study also looked at the percentage of adults in each country with a bachelor’s degree or higher, local poverty rates and median household income.
2019 was another wonderfully busy year in the City of Cumming, and we are looking forward to even more great things in 2020.
Forsyth County’s statistics broke down as follows:
Forsyth County ranked eighth in a list of the top 10 richest counties in some of the country’s largest states, according to the report. California’s Santa Clara County was first, followed by Fort Bend County, Texas, and St. John’s County, Florida was the third highest. New York’s Nassau County was fourth, followed by Chester County, Pennsylvania, then Kendall County Illinois and Delaware County in Ohio.
Wake County, North Carolina, and Livingston County, Michigan, finished the list behind Forsyth.