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 | Apple Valley | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,193 | $96,718 | $78,145 |
| Median Personal Income | $61,035 | $68,943 | $61,726 |
| Average income growth | 5.1% | 6.0% | 5.1% |
| Six-Figure Earners | 9.6% | 16.9% | 13.2% |
The median household income in Apple Valley is about 29% lower than in California. Income has been growing slower in Apple Valley (5.1%/yr) than in California (6.0%/yr).
About 10% of adults in Apple Valley earn six figures ($100,000 or more) a year, lower than the California average of 17%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Apple Valley, California grew by 40.8% from 2009 to 2023, reaching $68,193 in 2023. That's an average of about 5.1% per year.
Economic Inequality in Apple Valley | Gender Pay Gap | Gini Coefficient
| Metric | Apple Valley | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.613 | 0.596 | 0.570 |
| Male Median Income | $67,801 | $73,016 | $67,746 |
| Female Median Income | $54,081 | $63,704 | $54,793 |
| Gender Pay Gap | 20.2% | 12.8% | 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 Apple Valley, it is 0.613, higher than California's 0.596, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 25% more than women's income in Apple Valley, California. Over a 35-year career, a 25% wage gap accumulates to roughly $480,200 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Apple Valley, California has narrowed from about 28% to 20% in 2023. In dollar terms, the gap has narrowed by $565 since 2009.
Employment
| Metric | Apple Valley | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.8% | 6.4% | 5.2% |
| Working from Home | 8.6% | 15.5% | 13.4% |
| Commute time (minutes) | 25 | 23 | 22 |
Approximately 2,497 people are unemployed in Apple Valley, California.
The average commute time in Apple Valley is 25 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Apple Valley, California has fallen from 14.8% to 8.8% in 2023.
Conclusion
Considering all these factors, Apple Valley, California has an overall wealth index grade of D, making it somewhat worse than California, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Apple Valley, California.
How Wealthy Is Apple Valley, California?
Apple Valley 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 $68,193, about 29% lower than the California average of $96,718.
What is the current median household income in Apple Valley, California?
As of 2023, the median household income in Apple Valley, California is $68,193.
What was the median household income in Apple Valley in 2023?
In 2023, the median household income in Apple Valley, California was $68,193.
What was the median household income in Apple Valley in 2020?
In 2020, the median household income in Apple Valley, California was $55,222.
What is the Gini coefficient in Apple Valley, California?
The Gini coefficient in Apple Valley is 0.613. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Apple Valley, California?
Since 2009, the income gap between men and women in Apple Valley, California has narrowed from about 28% to 20% in 2023. In dollar terms, the gap has narrowed by $565 since 2009.