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 | Desert Hot Springs | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $45,971 | $96,718 | $78,145 |
| Median Personal Income | $38,492 | $68,943 | $61,726 |
| Average income growth | 5.0% | 6.0% | 5.1% |
| Six-Figure Earners | 4.2% | 16.9% | 13.2% |
The median household income in Desert Hot Springs is about 52% lower than in California. Income has been growing slower in Desert Hot Springs (5.0%/yr) than in California (6.0%/yr).
About 4% of adults in Desert Hot Springs 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 Desert Hot Springs, California grew by 33.3% from 2009 to 2023, reaching $45,971 in 2023. That's an average of about 5.0% per year.
Economic Inequality in Desert Hot Springs | Gender Pay Gap | Gini Coefficient
| Metric | Desert Hot Springs | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.595 | 0.596 | 0.570 |
| Male Median Income | $39,580 | $73,016 | $67,746 |
| Female Median Income | $37,122 | $63,704 | $54,793 |
| Gender Pay Gap | 6.2% | 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 Desert Hot Springs, it is 0.595, about the same as California's 0.596, so income here is about as evenly distributed as there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 7% more than women's income in Desert Hot Springs, California. Over a 35-year career, a 7% wage gap accumulates to roughly $86,030 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Desert Hot Springs, California has narrowed from about 14% to 6% in 2023. In dollar terms, the gap has narrowed by $2,259 since 2009.
Employment
| Metric | Desert Hot Springs | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.1% | 6.4% | 5.2% |
| Working from Home | 6.5% | 15.5% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 899 people are unemployed in Desert Hot Springs, California.
The average commute time in Desert Hot Springs is 23 minutes, about the same as in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Desert Hot Springs, California has fallen from 17.3% to 7.1% in 2023.
Conclusion
Considering all these factors, Desert Hot Springs, 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 Desert Hot Springs, California.
How Rich Is Desert Hot Springs, California?
Desert Hot Springs 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 $45,971, about 52% lower than the California average of $96,718.
What is the current median household income in Desert Hot Springs, California?
As of 2023, the median household income in Desert Hot Springs, California is $45,971.
What was the median household income in Desert Hot Springs in 2023?
In 2023, the median household income in Desert Hot Springs, California was $45,971.
What was the median household income in Desert Hot Springs in 2020?
In 2020, the median household income in Desert Hot Springs, California was $36,696.
What is the Gini coefficient in Desert Hot Springs, California?
The Gini coefficient in Desert Hot Springs is 0.595. 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 Desert Hot Springs, California?
Since 2009, the income gap between men and women in Desert Hot Springs, California has narrowed from about 14% to 6% in 2023. In dollar terms, the gap has narrowed by $2,259 since 2009.