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 | Casa de Oro-Mount Helix | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $120,245 | $96,718 | $78,145 |
| Median Personal Income | $84,240 | $68,943 | $61,726 |
| Average income growth | 7.2% | 6.0% | 5.1% |
| Six-Figure Earners | 21.3% | 16.9% | 13.2% |
The median household income in Casa de Oro-Mount Helix is about 24% higher than in California. Income has been growing faster in Casa de Oro-Mount Helix (7.2%/yr) than in California (6.0%/yr).
About 21% of adults in Casa de Oro-Mount Helix 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 Casa de Oro-Mount Helix, California grew by 62.5% from 2009 to 2023, reaching $120,245 in 2023. That's an average of about 7.2% per year.
Economic Inequality in Casa de Oro-Mount Helix | Gender Pay Gap | Gini Coefficient
| Metric | Casa de Oro-Mount Helix | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.568 | 0.596 | 0.570 |
| Male Median Income | $87,813 | $73,016 | $67,746 |
| Female Median Income | $79,078 | $63,704 | $54,793 |
| Gender Pay Gap | 9.9% | 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 Casa de Oro-Mount Helix, it is 0.568, 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 11% more than women's income in Casa de Oro-Mount Helix, California. Over a 35-year career, a 11% wage gap accumulates to roughly $305,725 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Casa de Oro-Mount Helix, California has narrowed from about 13% to 10% in 2023. In dollar terms, the gap has widened by $1,298 since 2009.
Employment
| Metric | Casa de Oro-Mount Helix | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 6.4% | 5.2% |
| Working from Home | 16.7% | 15.5% | 13.4% |
| Commute time (minutes) | 26 | 23 | 22 |
Approximately 583 people are unemployed in Casa de Oro-Mount Helix, California.
The average commute time in Casa de Oro-Mount Helix is 26 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Casa de Oro-Mount Helix, California has fallen from 10.3% to 5.4% in 2023.
Conclusion
Considering all these factors, Casa de Oro-Mount Helix, 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 Casa de Oro-Mount Helix, California.
How Rich Is Casa de Oro-Mount Helix, California?
Casa de Oro-Mount Helix 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 $120,245, about 24% higher than the California average of $96,718.
What is the current median household income in Casa de Oro-Mount Helix, California?
As of 2023, the median household income in Casa de Oro-Mount Helix, California is $120,245.
What was the median household income in Casa de Oro-Mount Helix in 2023?
In 2023, the median household income in Casa de Oro-Mount Helix, California was $120,245.
What was the median household income in Casa de Oro-Mount Helix in 2020?
In 2020, the median household income in Casa de Oro-Mount Helix, California was $100,447.
What is the Gini coefficient in Casa de Oro-Mount Helix, California?
The Gini coefficient in Casa de Oro-Mount Helix is 0.568. 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 Casa de Oro-Mount Helix, California?
Since 2009, the income gap between men and women in Casa de Oro-Mount Helix, California has narrowed from about 13% to 10% in 2023. In dollar terms, the gap has widened by $1,298 since 2009.