Wealth Index
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Chandler | Arizona Avg | US Average |
|---|---|---|---|
| Median Household Income | $103,874 | $77,100 | $78,145 |
| Median Personal Income | $72,384 | $58,256 | $61,726 |
| Average income growth | 5.0% | 5.9% | 5.1% |
| Six-Figure Earners | 18.8% | 11.7% | 13.2% |
The median household income in Chandler is about 35% higher than in Arizona. Income has been growing slower in Chandler (5.0%/yr) than in Arizona (5.9%/yr).
About 19% of adults in Chandler earn six figures ($100,000 or more) a year, higher than the Arizona average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Chandler, Arizona grew by 48.8% from 2009 to 2023, reaching $103,874 in 2023. That's an average of about 5.0% per year.
Economic Inequality in Chandler | Gender Pay Gap | Gini Coefficient
| Metric | Chandler | Arizona Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.549 | 0.571 | 0.570 |
| Male Median Income | $81,858 | $63,179 | $67,746 |
| Female Median Income | $62,685 | $52,803 | $54,793 |
| Gender Pay Gap | 23.4% | 16.4% | 19.1% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Chandler, it is 0.549, lower than Arizona's 0.571, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 31% more than women's income in Chandler, Arizona. Over a 35-year career, a 31% wage gap accumulates to roughly $671,055 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Chandler, Arizona has narrowed from about 25% to 23% in 2023. In dollar terms, the gap has widened by $4,994 since 2009.
Employment
| Metric | Chandler | Arizona Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.6% | 5.1% | 5.2% |
| Working from Home | 22.3% | 16.5% | 13.4% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 5,509 people are unemployed in Chandler, Arizona.
The average commute time in Chandler is 21 minutes, shorter than the 22 minutes in Arizona.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Chandler, Arizona has fallen from 7.3% to 3.6% in 2023.
Conclusion
Considering all these factors, Chandler, Arizona has an overall wealth index grade of B, making it notably better than Arizona, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Chandler, Arizona.
How Rich Is Chandler, Arizona?
Chandler has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $103,874, about 35% higher than the Arizona average of $77,100.
What is the current median household income in Chandler, Arizona?
As of 2023, the median household income in Chandler, Arizona is $103,874.
What was the median household income in Chandler in 2023?
In 2023, the median household income in Chandler, Arizona was $103,874.
What was the median household income in Chandler in 2020?
In 2020, the median household income in Chandler, Arizona was $86,641.
What is the Gini coefficient in Chandler, Arizona?
The Gini coefficient in Chandler is 0.549. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Chandler, Arizona?
Since 2009, the income gap between men and women in Chandler, Arizona has narrowed from about 25% to 23% in 2023. In dollar terms, the gap has widened by $4,994 since 2009.