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 | Carlsbad | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $142,379 | $96,718 | $78,145 |
| Median Personal Income | $142,379 | $96,718 | $78,145 |
| Average income growth | 5.5% | 5.5% | 5.5% |
The median household income in Carlsbad is about 47% higher than in California. Income has been growing slower in Carlsbad (5.5%/yr) than in California (6.0%/yr).
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Carlsbad, California grew by 64.6% from 2009 to 2023, reaching $142,379 in 2023. That's an average of about 4.6% per year.
Economic Inequality in Carlsbad | Gender Pay Gap | Gini Coefficient
| Metric | Carlsbad | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.552 | 0.596 | 0.570 |
| Male Median Income | $119,254 | $73,016 | $67,746 |
| Female Median Income | $90,010 | $63,704 | $54,793 |
| Gender Pay Gap | 24.5% | 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 Carlsbad, it is 0.552, 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 32% more than women's income in Carlsbad, California.
Income by Sex Over Time
Since 2009, the income gap between men and women in Carlsbad, California has narrowed from about 31% to 25% in 2023.
Employment
| Metric | Carlsbad | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.0% | 6.4% | 5.2% |
| Working from Home | 29.0% | 15.5% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
The average commute time in Carlsbad is 23 minutes, about the same as in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Carlsbad, California has fallen from 7.4% to 6.0% in 2023.
Conclusion
Considering all these factors, Carlsbad, 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 Carlsbad, California.
How Rich Is Carlsbad, California?
Carlsbad 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 $142,379, about 47% higher than the California average of $96,718.
What is the current median household income in Carlsbad, California?
As of 2023, the median household income in Carlsbad, California is $142,379.
What was the median household income in Carlsbad in 2023?
In 2023, the median household income in Carlsbad, California was $142,379.
What was the median household income in Carlsbad in 2020?
In 2020, the median household income in Carlsbad, California was $115,668.
What is the Gini coefficient in Carlsbad, California?
The Gini coefficient in Carlsbad is 0.552. 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 Carlsbad, California?
Since 2009, the income gap between men and women in Carlsbad, California has narrowed from about 31% to 25% in 2023.