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 | Calaveras County | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $80,357 | $96,718 | $78,145 |
| Median Personal Income | $62,474 | $68,943 | $61,726 |
| Average income growth | 5.9% | 6.0% | 5.1% |
| Six-Figure Earners | 12.1% | 16.9% | 13.2% |
The median household income in Calaveras County is about 17% lower than in California. Income has been growing slower in Calaveras County (5.9%/yr) than in California (6.0%/yr).
About 12% of adults in Calaveras County 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 Calaveras County, California grew by 41.2% from 2009 to 2023, reaching $80,357 in 2023. That's an average of about 5.9% per year.
Economic Inequality in Calaveras County | Gender Pay Gap | Gini Coefficient
| Metric | Calaveras County | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.569 | 0.596 | 0.570 |
| Male Median Income | $65,313 | $73,016 | $67,746 |
| Female Median Income | $58,532 | $63,704 | $54,793 |
| Gender Pay Gap | 10.4% | 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 Calaveras County, it is 0.569, 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 12% more than women's income in Calaveras County, California. Over a 35-year career, a 12% wage gap accumulates to roughly $237,335 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Calaveras County, California has narrowed from about 27% to 10% in 2023. In dollar terms, the gap has narrowed by $8,247 since 2009.
Employment
| Metric | Calaveras County | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.8% | 6.4% | 5.2% |
| Working from Home | 14.1% | 15.5% | 13.4% |
| Commute time (minutes) | 28 | 23 | 22 |
Approximately 1,117 people are unemployed in Calaveras County, California.
The average commute time in Calaveras County is 28 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Calaveras County, California has fallen from 9.2% to 5.8% in 2023.
Conclusion
Considering all these factors, Calaveras County, 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 Calaveras County, California.
How Rich Is Calaveras County, California?
Calaveras County 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 $80,357, about 17% lower than the California average of $96,718.
What is the current median household income in Calaveras County, California?
As of 2023, the median household income in Calaveras County, California is $80,357.
What was the median household income in Calaveras County in 2023?
In 2023, the median household income in Calaveras County, California was $80,357.
What was the median household income in Calaveras County in 2020?
In 2020, the median household income in Calaveras County, California was $65,539.
What is the Gini coefficient in Calaveras County, California?
The Gini coefficient in Calaveras County is 0.569. 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 Calaveras County, California?
Since 2009, the income gap between men and women in Calaveras County, California has narrowed from about 27% to 10% in 2023. In dollar terms, the gap has narrowed by $8,247 since 2009.