Cerritos, California Income Statistics
Cerritos 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.
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B
Cerritos Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Cerritos | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $136,324 | $99,161 | $80,455 |
| Median Personal Income | $92,849 | $67,742 | $60,758 |
| Average Yearly Income Growth | 4.5% | 5.6% | 4.8% |
| Six-Figure Earners | 25.7% | 17.6% | 13.9% |
| $200k+ Households | 30.1% | 20.5% | 13.2% |
The median household income in Cerritos is about 37% higher than in California. Income has been growing slower in Cerritos (4.5%/yr) than in California (5.6%/yr).
About 26% of adults in Cerritos earn six figures ($100,000 or more) a year, higher than the California average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Cerritos, California grew by 55.0% from 2009 to 2024, reaching $136,324 in 2024. That's an average of about 4.5% per year.
Income Inequality and the Gender Pay Gap in Cerritos
| Metric | Cerritos | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.555 | 0.572 | 0.552 |
| Male Median Income | $111,842 | $75,172 | $69,667 |
| Female Median Income | $89,180 | $66,071 | $56,850 |
| Gender Pay Gap | 20.3% | 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 Cerritos, it is 0.555, lower than California's 0.572, so income is more evenly distributed here than there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 25% more than women's income in Cerritos, California. Over a 35-year career, a 25% wage gap accumulates to roughly $793,170 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cerritos, California has widened from about 19% to 20% in 2024. Over that period the gap was widest at 24% in 2019, and was narrowest at 14% in 2011. In dollar terms, the gap has widened by $10,376 since 2009.
Sharply against the trend: the pay gap in Cerritos widened by 0.8 points while California's narrowed by 4.3 points.
Employment
| Metric | Cerritos | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 6.6% | 5.2% |
| Working from Home | 19.4% | 17.2% | 15.0% |
| Commute time (minutes) | 28 | 23 | 22 |
Approximately 1,150 people are unemployed in Cerritos, California.
The average commute time in Cerritos is 28 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cerritos, California has fallen from 8.2% to 5.1% in 2024. Over that period the rate peaked at 8.6% in 2013 and fell as low as 5.0% in 2023.
Cerritos, CA Wealth Compared With Nearby Cities
How Cerritos, CA compares with the 2 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| Cerritos, CA | 47,821 | $136,324 #1/3 | 4.5%/yr #3/3 | 5.1% #1/3 | 0.555 #2/3 |
| Norwalk, CA | 98,812 | $99,810 | 6.3%/yr | 5.6% | 0.561 |
| Lakewood, CA | 80,361 | $118,372 | 4.8%/yr | 5.1% | 0.546 |
Conclusion
Considering all these factors, Cerritos, 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 Cerritos, California.
How Rich Is Cerritos, California?
Cerritos 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 $136,324, about 37% higher than the California average of $99,161.
Are incomes growing in Cerritos, California?
Between 2009 and 2024, the median household income in Cerritos, California rose 55%, from $87,949 to $136,324. Over the same years, income here lagged behind California as a whole: +55% against +64%.
What was the median household income in Cerritos in 2023?
In 2023, the median household income in Cerritos, California was $135,052, up 9% from $124,063 in 2022. The California median that year was $96,718.
What was the median household income in Cerritos in 2020?
In 2020, the median household income in Cerritos, California was $110,214. By 2024 it had risen 24% to $136,324.
Is Cerritos, California a high-income area?
Yes. 26% of adults in Cerritos, California earn $100,000 or more a year (about 1 in 4), against 18% (about 1 in 6) in California. 30% of households have a combined income of $200,000 or more, compared with 20% in California.
Is unemployment high in Cerritos, California?
Unemployment in Cerritos, California is only 5.1%, well below the California rate of 6.6%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Cerritos, California?
The Gini coefficient in Cerritos is 0.555. 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 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Cerritos, California?
Since 2009, the income gap between men and women in Cerritos, California has widened from about 19% to 20% in 2024. Over that period the gap was widest at 24% in 2019, and was narrowest at 14% in 2011. In dollar terms, the gap has widened by $10,376 since 2009.
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