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 | Beverly Hills | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $128,642 | $96,718 | $78,145 |
| Median Personal Income | $113,902 | $68,943 | $61,726 |
| Average income growth | 3.7% | 6.0% | 5.1% |
| Six-Figure Earners | 33.2% | 16.9% | 13.2% |
The median household income in Beverly Hills is about 33% higher than in California. Income has been growing slower in Beverly Hills (3.7%/yr) than in California (6.0%/yr).
About 33% of adults in Beverly Hills earn six figures ($100,000 or more) a year, higher than the California average of 17%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Beverly Hills, California grew by 53.3% from 2009 to 2023, reaching $128,642 in 2023. That's an average of about 3.7% per year.
Economic Inequality in Beverly Hills | Gender Pay Gap | Gini Coefficient
| Metric | Beverly Hills | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.566 | 0.596 | 0.570 |
| Male Median Income | $122,037 | $73,016 | $67,746 |
| Female Median Income | $100,262 | $63,704 | $54,793 |
| Gender Pay Gap | 17.8% | 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 Beverly Hills, it is 0.566, lower than California's 0.596, so income is more evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 22% more than women's income in Beverly Hills, California. Over a 35-year career, a 22% wage gap accumulates to roughly $762,125 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Beverly Hills, California has narrowed from about 37% to 18% in 2023. In dollar terms, the gap has narrowed by $10,608 since 2009.
Employment
| Metric | Beverly Hills | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.2% | 6.4% | 5.2% |
| Working from Home | 26.3% | 15.5% | 13.4% |
| Commute time (minutes) | 22 | 23 | 22 |
Approximately 1,357 people are unemployed in Beverly Hills, California.
The average commute time in Beverly Hills is 22 minutes, shorter than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Beverly Hills, California has risen from 7.9% to 8.2% in 2023.
Conclusion
Considering all these factors, Beverly Hills, California has an overall wealth index grade of A, making it notably better than California, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Beverly Hills, California.
How Rich Is Beverly Hills, California?
Beverly Hills has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $128,642, about 33% higher than the California average of $96,718.
What is the current median household income in Beverly Hills, California?
As of 2023, the median household income in Beverly Hills, California is $128,642.
What was the median household income in Beverly Hills in 2023?
In 2023, the median household income in Beverly Hills, California was $128,642.
What was the median household income in Beverly Hills in 2020?
In 2020, the median household income in Beverly Hills, California was $101,798.
What is the Gini coefficient in Beverly Hills, California?
The Gini coefficient in Beverly Hills is 0.566. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Beverly Hills, California?
Since 2009, the income gap between men and women in Beverly Hills, California has narrowed from about 37% to 18% in 2023. In dollar terms, the gap has narrowed by $10,608 since 2009.