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 | Glendale | Arizona Avg | US Average |
|---|---|---|---|
| Median Household Income | $71,229 | $77,100 | $78,145 |
| Median Personal Income | $51,460 | $58,256 | $61,726 |
| Average income growth | 5.9% | 5.9% | 5.1% |
| Six-Figure Earners | 8.0% | 11.7% | 13.2% |
The median household income in Glendale is about 8% lower than in Arizona. Income has been growing faster in Glendale (5.9%/yr) than in Arizona (5.9%/yr).
About 8% of adults in Glendale earn six figures ($100,000 or more) a year, lower than the Arizona average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Glendale, Arizona grew by 34.2% from 2009 to 2023, reaching $71,229 in 2023. That's an average of about 5.9% per year.
Economic Inequality in Glendale | Gender Pay Gap | Gini Coefficient
| Metric | Glendale | Arizona Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.563 | 0.571 | 0.570 |
| Male Median Income | $54,450 | $63,179 | $67,746 |
| Female Median Income | $46,811 | $52,803 | $54,793 |
| Gender Pay Gap | 14.0% | 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 Glendale, it is 0.563, 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 16% more than women's income in Glendale, Arizona. Over a 35-year career, a 16% wage gap accumulates to roughly $267,365 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Glendale, Arizona has narrowed from about 16% to 14% in 2023. In dollar terms, the gap has widened by $869 since 2009.
Employment
| Metric | Glendale | Arizona Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.2% | 5.1% | 5.2% |
| Working from Home | 13.2% | 16.5% | 13.4% |
| Commute time (minutes) | 26 | 22 | 22 |
Approximately 6,595 people are unemployed in Glendale, Arizona.
The average commute time in Glendale is 26 minutes, longer than the 22 minutes in Arizona.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Glendale, Arizona has fallen from 11.0% to 5.2% in 2023.
Conclusion
Considering all these factors, Glendale, Arizona has an overall wealth index grade of D, making it about on par with Arizona, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Glendale, Arizona.
How Rich Is Glendale, Arizona?
Glendale has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $71,229, about 8% lower than the Arizona average of $77,100.
What is the current median household income in Glendale, Arizona?
As of 2023, the median household income in Glendale, Arizona is $71,229.
What was the median household income in Glendale in 2023?
In 2023, the median household income in Glendale, Arizona was $71,229.
What was the median household income in Glendale in 2020?
In 2020, the median household income in Glendale, Arizona was $57,714.
What is the Gini coefficient in Glendale, Arizona?
The Gini coefficient in Glendale is 0.563. 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 Glendale, Arizona?
Since 2009, the income gap between men and women in Glendale, Arizona has narrowed from about 16% to 14% in 2023. In dollar terms, the gap has widened by $869 since 2009.