Banning, California Income Statistics
Banning Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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D
Banning Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Banning | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $66,203 | $99,161 | $80,455 |
| Median Personal Income | $49,928 | $67,742 | $60,758 |
| Average Yearly Income Growth | 6.7% | 5.6% | 4.8% |
| Six-Figure Earners | 7.1% | 17.6% | 13.9% |
| $200k+ Households | 7.8% | 20.5% | 13.2% |
The median household income in Banning is about 33% lower than in California. Income has been growing faster in Banning (6.7%/yr) than in California (5.6%/yr).
About 7% of adults in Banning earn six figures ($100,000 or more) a year, lower than the California average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Banning, California grew by 64.0% from 2009 to 2024, reaching $66,203 in 2024. That's an average of about 6.7% per year.
Income Inequality and the Gender Pay Gap in Banning
| Metric | Banning | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.579 | 0.572 | 0.552 |
| Male Median Income | $57,771 | $75,172 | $69,667 |
| Female Median Income | $54,055 | $66,071 | $56,850 |
| Gender Pay Gap | 6.4% | 12.1% | 18.4% |
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 Banning, it is 0.579, higher than California's 0.572, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 7% more than women's income in Banning, California. Over a 35-year career, a 7% wage gap accumulates to roughly $130,060 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Banning, California has narrowed from about 14% to 6% in 2024. Over that period the gap was widest at 25% in 2015, and was narrowest at 1% in 2022. In dollar terms, the gap has narrowed by $2,029 since 2009.
Employment
| Metric | Banning | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.0% | 6.6% | 5.2% |
| Working from Home | 6.3% | 17.2% | 15.0% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 741 people are unemployed in Banning, California.
The average commute time in Banning is 30 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Banning, California has fallen from 10.2% to 7.0% in 2024. Over that period the rate peaked at 14.4% in 2015 and fell as low as 6.5% in 2023.
Banning, CA Wealth Compared With Nearby Cities
How Banning, CA compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Banning, CA | 26,926 | $66,203 #2/2 | 6.7%/yr #1/2 | 7.0% #2/2 | 0.579 #2/2 |
| Beaumont, CA | 41,121 | $86,910 | 5.2%/yr | 6.2% | 0.569 |
Conclusion
Considering all these factors, Banning, 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 Banning, California.
How Rich Is Banning, California?
Banning 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 $66,203, about 33% lower than the California average of $99,161.
Are incomes growing in Banning, California?
Between 2009 and 2024, the median household income in Banning, California rose 64%, from $40,379 to $66,203. Over the same years, income here kept pace with California as a whole: +64% against +64%.
What was the median household income in Banning in 2023?
In 2023, the median household income in Banning, California was $61,258, up 10% from $55,639 in 2022. The California median that year was $96,718.
What was the median household income in Banning in 2020?
In 2020, the median household income in Banning, California was $44,340. By 2024 it had risen 49% to $66,203.
What is the Gini coefficient in Banning, California?
The Gini coefficient in Banning is 0.579. 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 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Banning, California?
Since 2009, the income gap between men and women in Banning, California has narrowed from about 14% to 6% in 2024. Over that period the gap was widest at 25% in 2015, and was narrowest at 1% in 2022. In dollar terms, the gap has narrowed by $2,029 since 2009.
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