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 | Cathedral City | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $69,163 | $96,718 | $78,145 |
| Median Personal Income | $46,006 | $68,943 | $61,726 |
| Average income growth | 7.5% | 6.0% | 5.1% |
| Six-Figure Earners | 9.1% | 16.9% | 13.2% |
The median household income in Cathedral City is about 28% lower than in California. Income has been growing faster in Cathedral City (7.5%/yr) than in California (6.0%/yr).
About 9% of adults in Cathedral City 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 Cathedral City, California grew by 50.5% from 2009 to 2023, reaching $69,163 in 2023. That's an average of about 7.5% per year.
Economic Inequality in Cathedral City | Gender Pay Gap | Gini Coefficient
| Metric | Cathedral City | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.602 | 0.596 | 0.570 |
| Male Median Income | $47,662 | $73,016 | $67,746 |
| Female Median Income | $43,451 | $63,704 | $54,793 |
| Gender Pay Gap | 8.8% | 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 Cathedral City, it is 0.602, higher than California's 0.596, so income is less 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 10% more than women's income in Cathedral City, California. Over a 35-year career, a 10% wage gap accumulates to roughly $147,385 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cathedral City, California has narrowed from about 26% to 9% in 2023. In dollar terms, the gap has narrowed by $5,768 since 2009.
Employment
| Metric | Cathedral City | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.8% | 6.4% | 5.2% |
| Working from Home | 7.8% | 15.5% | 13.4% |
| Commute time (minutes) | 18 | 23 | 22 |
Approximately 1,581 people are unemployed in Cathedral City, California.
The average commute time in Cathedral City is 18 minutes, shorter than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cathedral City, California has fallen from 9.9% to 6.8% in 2023.
Conclusion
Considering all these factors, Cathedral City, California has an overall wealth index grade of D, making it somewhat worse than California, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Cathedral City, California.
How Rich Is Cathedral City, California?
Cathedral City has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $69,163, about 28% lower than the California average of $96,718.
What is the current median household income in Cathedral City, California?
As of 2023, the median household income in Cathedral City, California is $69,163.
What was the median household income in Cathedral City in 2023?
In 2023, the median household income in Cathedral City, California was $69,163.
What was the median household income in Cathedral City in 2020?
In 2020, the median household income in Cathedral City, California was $50,446.
What is the Gini coefficient in Cathedral City, California?
The Gini coefficient in Cathedral City is 0.602. 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 Cathedral City, California?
Since 2009, the income gap between men and women in Cathedral City, California has narrowed from about 26% to 9% in 2023. In dollar terms, the gap has narrowed by $5,768 since 2009.