Carmichael, California Income Statistics
Carmichael 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.
-
B
Carmichael Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Carmichael | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $88,932 | $99,161 | $80,455 |
| Median Personal Income | $66,254 | $67,742 | $60,758 |
| Average Yearly Income Growth | 5.4% | 5.6% | 4.8% |
| Six-Figure Earners | 16.7% | 17.6% | 13.9% |
| $200k+ Households | 14.4% | 20.5% | 13.2% |
The median household income in Carmichael is about 10% lower than in California. Income has been growing slower in Carmichael (5.4%/yr) than in California (5.6%/yr).
About 17% of adults in Carmichael 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 Carmichael, California grew by 56.0% from 2009 to 2024, reaching $88,932 in 2024. That's an average of about 5.4% per year.
Carmichael has stayed above the U.S. median household income in every year from 2009 to 2024 and has never fallen below it. It came closest in 2012, at 3.5% higher. The gap has held fairly steady over the period.
Income Distribution in Carmichael
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 13,500 households (43.7% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 18.3% of households in Carmichael had an income under $35,000 and 25.9% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Carmichael has a larger share of households earning $150,000 to $199,999 (11.4% vs 9.5%) and a smaller share earning $50,000 to $74,999 (13.4% vs 15.5%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 1,305 | 4.2% | 5.1% |
| $10,000 to $14,999 | 1,096 | 3.6% | 3.5% |
| $15,000 to $24,999 | 1,805 | 5.8% | 6.4% |
| $25,000 to $34,999 | 1,452 | 4.7% | 6.7% |
| $35,000 to $49,999 | 3,199 | 10.4% | 10.1% |
| $50,000 to $74,999 | 4,142 | 13.4% | 15.5% |
| $75,000 to $99,999 | 4,367 | 14.1% | 12.6% |
| $100,000 to $149,999 | 5,517 | 17.9% | 17.4% |
| $150,000 to $199,999 | 3,526 | 11.4% | 9.5% |
| $200,000 or more | 4,456 | 14.4% | 13.2% |
Shares are of all 30,867 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 10,613 residents (16.7% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 18.8% of residents who have any income.
In 2024, 11.4% of Carmichael residents aged 15 and over reported no personal income, 27.6% had some income but less than $25,000, and 25.7% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Carmichael has a larger share of residents earning $100,000 or more (16.7% vs 13.9%) and a smaller share earning $25,000 to $34,999 (7.9% vs 9.5%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 7,243 | 11.4% | 12.8% |
| $1 to $9,999 | 6,309 | 9.9% | 11.2% |
| $10,000 to $14,999 | 5,115 | 8.0% | 7.0% |
| $15,000 to $24,999 | 6,167 | 9.7% | 10.5% |
| $25,000 to $34,999 | 5,014 | 7.9% | 9.5% |
| $35,000 to $49,999 | 8,139 | 12.8% | 12.6% |
| $50,000 to $74,999 | 9,348 | 14.7% | 14.3% |
| $75,000 to $99,999 | 5,785 | 9.1% | 8.2% |
| $100,000 or more | 10,613 | 16.7% | 13.9% |
Shares are of the 63,734 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 11.4% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Carmichael
| Metric | Carmichael | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.538 | 0.572 | 0.552 |
| Male Median Income | $78,877 | $75,172 | $69,667 |
| Female Median Income | $66,857 | $66,071 | $56,850 |
| Gender Pay Gap | 15.2% | 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 Carmichael, it is 0.538, lower than California's 0.572, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 18% more than women's income in Carmichael, California. Over a 35-year career, a 18% wage gap accumulates to roughly $420,700 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Carmichael, California has narrowed from about 22% to 15% in 2024. Over that period the gap was narrowest at 11% in 2017. In dollar terms, the gap has narrowed by $483 since 2009.
Employment
| Metric | Carmichael | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.1% | 6.6% | 5.2% |
| Working from Home | 20.1% | 17.2% | 15.0% |
| Commute time (minutes) | 22 | 23 | 22 |
Approximately 2,713 people are unemployed in Carmichael, California.
The average commute time in Carmichael is 22 minutes, shorter than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Carmichael, California has fallen from 11.8% to 7.1% in 2024. Over that period the rate peaked at 14.9% in 2013 and fell as low as 5.7% in 2022.
Carmichael has stayed well above the U.S. unemployment rate in every year from 2011 to 2024 and has never dropped below it. It came closest in 2022, at 0.3 points higher. The gap has narrowed from 3.1 points in 2011 to 1.9 points in 2024.
Carmichael, CA Wealth Compared With Nearby Cities
Carmichael, CA is the 3rd largest of the 5 cities compared here, 76,270 residents against a local median of 64,160. Where Carmichael, CA breaks from the cities next to it is median household income, sitting 23% above the local median of $72,395 at $88,932. That is the better end of the local range on this measure.
The cities themselves spread $13,919 on median household income, so Carmichael, CA sits at one end of an already wide local range rather than apart from it. Carmichael, CA has the highest median household income of the 5 areas compared here.
| 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. |
|---|---|---|---|---|---|
| Carmichael, CA | 76,270 | $88,932 #1/5 | 5.4%/yr #4/5 | 7.1% #4/5 | 0.538 #2/5 |
| Foothill Farms, CA | 35,501 | $67,474 | 5.4%/yr | 6.9% | 0.548 |
| North Highlands, CA | 42,311 | $67,769 | 6.8%/yr | 5.9% | 0.558 |
| Arden-Arcade, CA | 92,545 | $77,022 | 6.6%/yr | 8.5% | 0.551 |
| Citrus Heights, CA | 86,009 | $81,392 | 5.8%/yr | 7.0% | 0.521 |
Conclusion
Considering all these factors, Carmichael, California has an overall wealth index grade of B, making it somewhat better than California, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Carmichael, California.
How Rich Is Carmichael, California?
Carmichael has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $88,932, about 10% lower than the California average of $99,161.
How fast is household income rising in Carmichael, California?
Between 2009 and 2024, the median household income in Carmichael, California rose 56%, from $57,004 to $88,932. Over the same years, income here lagged behind California as a whole: +56% against +64%.
What was the median household income in Carmichael in 2023?
In 2023, the median household income in Carmichael, California was $87,645, up 5% from $83,154 in 2022. The California median that year was $96,718.
What was the median household income in Carmichael in 2020?
In 2020, the median household income in Carmichael, California was $70,053. By 2024 it had risen 27% to $88,932.
What is the Gini coefficient in Carmichael, California?
The Gini coefficient in Carmichael is 0.538. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Carmichael, California?
Since 2009, the income gap between men and women in Carmichael, California has narrowed from about 22% to 15% in 2024. Over that period the gap was narrowest at 11% in 2017. In dollar terms, the gap has narrowed by $483 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →