Covina, California Income Statistics
Covina 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.
-
C
Covina Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Covina | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $98,863 | $99,161 | $80,455 |
| Median Personal Income | $57,386 | $67,742 | $60,758 |
| Average Yearly Income Growth | 5.4% | 5.6% | 4.8% |
| Six-Figure Earners | 11.3% | 17.6% | 13.9% |
| $200k+ Households | 14.8% | 20.5% | 13.2% |
The median household income in Covina is about the same as in California. Income has been growing slower in Covina (5.4%/yr) than in California (5.6%/yr).
About 11% of adults in Covina 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 Covina, California grew by 56.1% from 2009 to 2024, reaching $98,863 in 2024. That's an average of about 5.4% per year.
Income Inequality and the Gender Pay Gap in Covina
| Metric | Covina | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.542 | 0.572 | 0.552 |
| Male Median Income | $62,771 | $75,172 | $69,667 |
| Female Median Income | $60,237 | $66,071 | $56,850 |
| Gender Pay Gap | 4.0% | 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 Covina, it is 0.542, 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 4% more than women's income in Covina, California. Over a 35-year career, a 4% wage gap accumulates to roughly $88,690 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Covina, California has narrowed from about 20% to 4% in 2024. Over that period the gap was widest at 21% in 2015. In dollar terms, the gap has narrowed by $7,287 since 2009.
Employment
| Metric | Covina | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.8% | 6.6% | 5.2% |
| Working from Home | 12.5% | 17.2% | 15.0% |
| Commute time (minutes) | 27 | 23 | 22 |
Approximately 1,923 people are unemployed in Covina, California.
The average commute time in Covina is 27 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Covina, California has fallen from 12.1% to 6.8% in 2024. Over that period the rate peaked at 13.7% in 2013 and fell as low as 5.9% in 2022.
Covina, CA Wealth Compared With Nearby Cities
How Covina, 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. |
|---|---|---|---|---|---|
| Covina, CA | 51,499 | $98,863 #2/3 | 5.4%/yr #2/3 | 6.8% #3/3 | 0.542 #1/3 |
| West Covina, CA | 107,398 | $101,024 | 4.4%/yr | 6.7% | 0.560 |
| Azusa, CA | 46,902 | $92,616 | 5.8%/yr | 6.3% | 0.554 |
Conclusion
Considering all these factors, Covina, California has an overall wealth index grade of C, making it about on par with California, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Covina, California.
How Rich Is Covina, California?
Covina has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $98,863, close to the California average of $99,161.
Are incomes growing in Covina, California?
Between 2009 and 2024, the median household income in Covina, California rose 56%, from $63,338 to $98,863. Over the same years, income here lagged behind California as a whole: +56% against +64%.
What was the median household income in Covina in 2023?
In 2023, the median household income in Covina, California was $93,510, up 6% from $88,458 in 2022. The California median that year was $96,718.
What was the median household income in Covina in 2020?
In 2020, the median household income in Covina, California was $76,935. By 2024 it had risen 29% to $98,863.
What is the Gini coefficient in Covina, California?
The Gini coefficient in Covina is 0.542. 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 Covina, California?
Since 2009, the income gap between men and women in Covina, California has narrowed from about 20% to 4% in 2024. Over that period the gap was widest at 21% in 2015. In dollar terms, the gap has narrowed by $7,287 since 2009.
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