Savannah Chamber

2020 Savannah Economic Trends

Issue link: http://savannah.uberflip.com/i/1202658

Contents of this Issue

Navigation

Page 61 of 83

62 Savannah Area Chamber of Commerce 2020 Economic Trends 12 Population Distribution by Household Income and Race In the Savannah MSA, 59.5% of the population is white, while 33.4% is African American (five-year U.S. Census data for 2018). Also, the Hispanic/Latino population of any race is 6%. As Savannah's population grows, so do the incomes and benefits available to its residents. In the Savannah MSA, the five-year U.S. Census estimate for average household income is $78,586. Average household income is higher in Bryan County ($86,656) and in the City of Savannah ($79,453). The Savannah MSA has 56% of its households with income over $50,000, Effingham County has 63%, and Bryan County has 62%, while the comparable figure for the state of Georgia is 55%. Beaufort County (13.3%) and Bryan County (13%) have the highest concentration of households earning more than $150,000. 2014-2018 Estimates of Income for Select Areas (In 2018 Inflation Adjusted Dollars) Area Number of Households Average Household Income Median Household Income Less than $25,000 $25,000 to $49,999 $50,000 to $149,999 $150,000 and Over City of Savannah 103,344 79,453 54,996 21.9% 23.6% 44.8% 9.7% Chatham County 108,151 76,999 54,911 21.8% 24.0% 44.0% 10.2% Effingham County 20,489 81,984 65,153 16.6% 20.7% 52.8% 9.9% Bryan County 12,636 86,656 71,322 18.8% 19.0% 49.4% 13.0% Savannah MSA 141,276 78,586 57,470 20.8% 23.1% 45.8% 10.4% Beaufort County (SC) 70,607 88,676 63,110 16.6% 23.3% 46.8% 13.3% Georgia 3,709,488 78,574 55,679 22.0% 23.3% 43.5% 11.2% Source: U.S. Census Bureau, 2014-2018 American Community Survey 5-Year Estimates, retrieved 12/26/2019 at http://data.census.gov. 3-Year estimates are no longer updated by the U.S. Census Bureau, and available only for 2011-2013. Hispanic or Latino (of any race): Savannah MSA 6.0% Chatham County 6.3% Effingham County 4.2% Bryan County 6.8% All Other, Savannah MSA: American Indian/Alaska Native 0.1% Native Hawaiian/Pacific Islander 0.3% Two or more Races 3.0% Some Other Race 1.6% Source: U.S. Census Bureau, 2014- 2018 American Community Survey http://data.census.gov 12/26/2019

Articles in this issue

Links on this page

Archives of this issue

view archives of Savannah Chamber - 2020 Savannah Economic Trends