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 | Buena Park | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $103,668 | $96,718 | $78,145 |
| Median Personal Income | $62,428 | $68,943 | $61,726 |
| Average income growth | 6.4% | 6.0% | 5.1% |
| Six-Figure Earners | 13.3% | 16.9% | 13.2% |
The median household income in Buena Park is about 7% higher than in California. Income has been growing faster in Buena Park (6.4%/yr) than in California (6.0%/yr).
About 13% of adults in Buena 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 Buena Park, California grew by 73.8% from 2009 to 2023, reaching $103,668 in 2023. That's an average of about 6.4% per year.
Economic Inequality in Buena Park | Gender Pay Gap | Gini Coefficient
| Metric | Buena Park | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.589 | 0.596 | 0.570 |
| Male Median Income | $64,693 | $73,016 | $67,746 |
| Female Median Income | $59,965 | $63,704 | $54,793 |
| Gender Pay Gap | 7.3% | 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 Buena Park, it is 0.589, lower than California's 0.596, so income is more 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 8% more than women's income in Buena Park, California. Over a 35-year career, a 8% wage gap accumulates to roughly $165,480 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Buena Park, California has widened from about 6% to 7% in 2023. In dollar terms, the gap has widened by $2,071 since 2009.
Employment
| Metric | Buena Park | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 6.4% | 5.2% |
| Working from Home | 9.4% | 15.5% | 13.4% |
| Commute time (minutes) | 26 | 23 | 22 |
Approximately 2,469 people are unemployed in Buena Park, California.
The average commute time in Buena Park is 26 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Buena Park, California has fallen from 7.7% to 5.4% in 2023.
Conclusion
Considering all these factors, Buena Park, California has an overall wealth index grade of C, making it about on par with California, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Buena Park, California.
How Rich Is Buena Park, California?
Buena Park has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $103,668, about 7% higher than the California average of $96,718.
What is the current median household income in Buena Park, California?
As of 2023, the median household income in Buena Park, California is $103,668.
What was the median household income in Buena Park in 2023?
In 2023, the median household income in Buena Park, California was $103,668.
What was the median household income in Buena Park in 2020?
In 2020, the median household income in Buena Park, California was $80,383.
What is the Gini coefficient in Buena Park, California?
The Gini coefficient in Buena Park is 0.589. 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 Buena Park, California?
Since 2009, the income gap between men and women in Buena Park, California has widened from about 6% to 7% in 2023. In dollar terms, the gap has widened by $2,071 since 2009.