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 | Culver City | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $122,042 | $96,718 | $78,145 |
| Median Personal Income | $110,872 | $68,943 | $61,726 |
| Average income growth | 5.6% | 6.0% | 5.1% |
| Six-Figure Earners | 34.0% | 16.9% | 13.2% |
The median household income in Culver City is about 26% higher than in California. Income has been growing slower in Culver City (5.6%/yr) than in California (6.0%/yr).
About 34% of adults in Culver City 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 Culver City, California grew by 70.1% from 2009 to 2023, reaching $122,042 in 2023. That's an average of about 5.6% per year.
Economic Inequality in Culver City | Gender Pay Gap | Gini Coefficient
| Metric | Culver City | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.528 | 0.596 | 0.570 |
| Male Median Income | $118,843 | $73,016 | $67,746 |
| Female Median Income | $99,350 | $63,704 | $54,793 |
| Gender Pay Gap | 16.4% | 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 Culver City, it is 0.528, lower than California's 0.596, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 20% more than women's income in Culver City, California. Over a 35-year career, a 20% wage gap accumulates to roughly $682,255 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Culver City, California has widened from about 8% to 16% in 2023. In dollar terms, the gap has widened by $14,477 since 2009.
Employment
| Metric | Culver City | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.6% | 6.4% | 5.2% |
| Working from Home | 28.6% | 15.5% | 13.4% |
| Commute time (minutes) | 27 | 23 | 22 |
Approximately 1,264 people are unemployed in Culver City, California.
The average commute time in Culver City is 27 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Culver City, California has fallen from 7.3% to 5.6% in 2023.
Conclusion
Considering all these factors, Culver City, California has an overall wealth index grade of A, making it notably better than California, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Culver City, California.
How Rich Is Culver City, California?
Culver City has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $122,042, about 26% higher than the California average of $96,718.
What is the current median household income in Culver City, California?
As of 2023, the median household income in Culver City, California is $122,042.
What was the median household income in Culver City in 2023?
In 2023, the median household income in Culver City, California was $122,042.
What was the median household income in Culver City in 2020?
In 2020, the median household income in Culver City, California was $97,682.
What is the Gini coefficient in Culver City, California?
The Gini coefficient in Culver City is 0.528. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Culver City, California?
Since 2009, the income gap between men and women in Culver City, California has widened from about 8% to 16% in 2023. In dollar terms, the gap has widened by $14,477 since 2009.