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 | Diamond Bar | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $104,493 | $96,718 | $78,145 |
| Median Personal Income | $76,469 | $68,943 | $61,726 |
| Average income growth | 2.4% | 6.0% | 5.1% |
| Six-Figure Earners | 17.4% | 16.9% | 13.2% |
The median household income in Diamond Bar is about 8% higher than in California. Income has been growing slower in Diamond Bar (2.4%/yr) than in California (6.0%/yr).
About 17% of adults in Diamond Bar 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 Diamond Bar, California grew by 15.3% from 2009 to 2023, reaching $104,493 in 2023. That's an average of about 2.4% per year.
Economic Inequality in Diamond Bar | Gender Pay Gap | Gini Coefficient
| Metric | Diamond Bar | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.590 | 0.596 | 0.570 |
| Male Median Income | $81,258 | $73,016 | $67,746 |
| Female Median Income | $73,109 | $63,704 | $54,793 |
| Gender Pay Gap | 10.0% | 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 Diamond Bar, it is 0.590, lower than California's 0.596, so income is more 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 11% more than women's income in Diamond Bar, California. Over a 35-year career, a 11% wage gap accumulates to roughly $285,215 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Diamond Bar, California has narrowed from about 23% to 10% in 2023. In dollar terms, the gap has narrowed by $6,607 since 2009.
Employment
| Metric | Diamond Bar | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 6.4% | 5.2% |
| Working from Home | 16.1% | 15.5% | 13.4% |
| Commute time (minutes) | 31 | 23 | 22 |
Approximately 1,289 people are unemployed in Diamond Bar, California.
The average commute time in Diamond Bar is 31 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Diamond Bar, California has fallen from 5.5% to 5.3% in 2023.
Conclusion
Considering all these factors, Diamond Bar, 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 Diamond Bar, California.
How Rich Is Diamond Bar, California?
Diamond Bar 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 $104,493, about 8% higher than the California average of $96,718.
What is the current median household income in Diamond Bar, California?
As of 2023, the median household income in Diamond Bar, California is $104,493.
What was the median household income in Diamond Bar in 2023?
In 2023, the median household income in Diamond Bar, California was $104,493.
What was the median household income in Diamond Bar in 2020?
In 2020, the median household income in Diamond Bar, California was $98,959.
What is the Gini coefficient in Diamond Bar, California?
The Gini coefficient in Diamond Bar is 0.590. 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 Diamond Bar, California?
Since 2009, the income gap between men and women in Diamond Bar, California has narrowed from about 23% to 10% in 2023. In dollar terms, the gap has narrowed by $6,607 since 2009.