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 | Baldwin Park | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $79,473 | $96,718 | $78,145 |
| Median Personal Income | $45,875 | $68,943 | $61,726 |
| Average income growth | 5.5% | 6.0% | 5.1% |
| Six-Figure Earners | 4.6% | 16.9% | 13.2% |
The median household income in Baldwin Park is about 18% lower than in California. Income has been growing slower in Baldwin Park (5.5%/yr) than in California (6.0%/yr).
About 5% of adults in Baldwin Park 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 Baldwin Park, California grew by 53.8% from 2009 to 2023, reaching $79,473 in 2023. That's an average of about 5.5% per year.
Economic Inequality in Baldwin Park | Gender Pay Gap | Gini Coefficient
| Metric | Baldwin Park | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.564 | 0.596 | 0.570 |
| Male Median Income | $48,507 | $73,016 | $67,746 |
| Female Median Income | $41,720 | $63,704 | $54,793 |
| Gender Pay Gap | 14.0% | 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 Baldwin Park, it is 0.564, lower than California's 0.596, 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 Baldwin Park, California. Over a 35-year career, a 16% wage gap accumulates to roughly $237,545 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Baldwin Park, California has widened from about 13% to 14% in 2023. In dollar terms, the gap has widened by $2,659 since 2009.
Employment
| Metric | Baldwin Park | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.4% | 6.4% | 5.2% |
| Working from Home | 6.0% | 15.5% | 13.4% |
| Commute time (minutes) | 25 | 23 | 22 |
Approximately 2,251 people are unemployed in Baldwin Park, California.
The average commute time in Baldwin Park is 25 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Baldwin Park, California has fallen from 12.3% to 6.4% in 2023.
Conclusion
Considering all these factors, Baldwin Park, 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 Baldwin Park, California.
How Rich Is Baldwin Park, California?
Baldwin Park 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 $79,473, about 18% lower than the California average of $96,718.
What is the current median household income in Baldwin Park, California?
As of 2023, the median household income in Baldwin Park, California is $79,473.
What was the median household income in Baldwin Park in 2023?
In 2023, the median household income in Baldwin Park, California was $79,473.
What was the median household income in Baldwin Park in 2020?
In 2020, the median household income in Baldwin Park, California was $68,779.
What is the Gini coefficient in Baldwin Park, California?
The Gini coefficient in Baldwin Park is 0.564. 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 Baldwin Park, California?
Since 2009, the income gap between men and women in Baldwin Park, California has widened from about 13% to 14% in 2023. In dollar terms, the gap has widened by $2,659 since 2009.